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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 16,836 as of Monday, June 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,605 issues advancing vs. 1,347 declining with 197 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is unchanged. A company within the sector that increased today was DR Horton ( DHI), up 3.1%. On the negative front, top decliners within the sector include Emerson Electric ( EMR), down 0.7%, and Danaher ( DHR), down 0.6%.

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

3. Middleby ( MIDD) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Middleby is up $2.46 (3.1%) to $82.70 on average volume. Thus far, 365,085 shares of Middleby exchanged hands as compared to its average daily volume of 523,200 shares. The stock has ranged in price between $80.75-$84.45 after having opened the day at $80.89 as compared to the previous trading day's close of $80.24.

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice and food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Middleby has a market cap of $4.7 billion and is part of the industrial industry. Shares are up 0.4% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate Middleby a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Middleby as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Middleby 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, Weyerhaeuser ( WY) is up $0.38 (1.2%) to $32.96 on heavy volume. Thus far, 5.5 million shares of Weyerhaeuser exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $32.48-$33.01 after having opened the day at $32.66 as compared to the previous trading day's close of $32.58.

Weyerhaeuser Company, a forest products company, grows and harvests trees, builds homes, and manufactures forest products worldwide. It grows and harvests trees for use as lumber, other wood and building products, and pulp and paper. Weyerhaeuser has a market cap of $19.1 billion and is part of the materials & construction industry. Shares are up 3.2% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Weyerhaeuser a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Weyerhaeuser as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, compelling growth in net income, revenue growth 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 Weyerhaeuser 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, 3D Systems ( DDD) is up $1.58 (2.7%) to $60.65 on average volume. Thus far, 2.7 million shares of 3D Systems exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $59.10-$61.03 after having opened the day at $59.11 as compared to the previous trading day's close of $59.07.

3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. 3D Systems has a market cap of $6.0 billion and is part of the computer hardware industry. Shares are down 36.4% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate 3D Systems a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates 3D Systems as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation. Get the full 3D Systems 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

Trump to Blame for Oil's Recent Surge, Not OPEC

Trump to Blame for Oil's Recent Surge, Not OPEC

3 Things Investors Must Know for Monday

3 Things Investors Must Know for Monday

U.S. Earnings On Pace for Best Season in Two Decades but Tech Giants Await

U.S. Earnings On Pace for Best Season in Two Decades but Tech Giants Await

Alphabet Earnings and 4 Other Business Stories You Must Know Monday Morning

Alphabet Earnings and 4 Other Business Stories You Must Know Monday Morning

Alphabet Earnings, Bond Yields Rise, Akorn Plunges - 5 Things You Must Know

Alphabet Earnings, Bond Yields Rise, Akorn Plunges - 5 Things You Must Know