3 Stocks Advancing The Industrial Goods Sector

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.5%) at 16,791 as of Thursday, June 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,231 issues advancing vs. 1,744 declining with 167 unchanged.

The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. A company within the sector that increased today was Weyerhaeuser ( WY), up 1.2%. On the negative front, top decliners within the sector include Nidec ( NJ), down 1.7%, Pentair ( PNR), down 1.5%, Ametek ( AME), down 1.4%, Royal Philips ( PHG), down 1.3% and Precision Castparts ( PCP), down 1.1%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Pall Corporation ( PLL) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Pall Corporation is up $0.99 (1.2%) to $86.02 on average volume. Thus far, 279,458 shares of Pall Corporation exchanged hands as compared to its average daily volume of 565,600 shares. The stock has ranged in price between $84.59-$86.07 after having opened the day at $85.17 as compared to the previous trading day's close of $85.03.

Pall Corporation manufactures and markets filtration, separation, and purification products and integrated systems solutions worldwide. It operates in two segments, Life Sciences and Industrial. Pall Corporation has a market cap of $9.3 billion and is part of the industrial industry. Shares are down 0.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Pall Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Pall Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Pall Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, Allegheny Technologies ( ATI) is up $1.04 (2.4%) to $43.98 on heavy volume. Thus far, 1.3 million shares of Allegheny Technologies exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $43.35-$44.87 after having opened the day at $43.46 as compared to the previous trading day's close of $42.94.

Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Metals and Flat-Rolled Products. Allegheny Technologies has a market cap of $4.5 billion and is part of the industrial industry. Shares are up 20.5% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Allegheny Technologies a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Allegheny Technologies as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. Get the full Allegheny Technologies Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, Cemex SAB de CV ( CX) is up $0.18 (1.4%) to $13.30 on heavy volume. Thus far, 8.8 million shares of Cemex SAB de CV exchanged hands as compared to its average daily volume of 11.3 million shares. The stock has ranged in price between $13.08-$13.32 after having opened the day at $13.12 as compared to the previous trading day's close of $13.12.

CEMEX, S.A.B. de C.V., through its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, Central America, the Caribbean, and Asia. Cemex SAB de CV has a market cap of $15.6 billion and is part of the materials & construction industry. Shares are up 10.9% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Cemex SAB de CV a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cemex SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Cemex SAB de CV Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%