3 Stocks Advancing The Industrial Goods Sector

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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.

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