3 Stocks Moving The Industrial Goods Sector Upward

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 91 points (-0.5%) at 16,894 as of Thursday, July 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 864 issues advancing vs. 2,123 declining with 163 unchanged.

The Industrial Goods sector currently sits down 1.0% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Royal Philips ( PHG), down 2.4%, Mohawk Industries ( MHK), down 2.3%, Dover ( DOV), down 1.8%, Parker Hannifin ( PH), down 1.2% and ABB ( ABB), down 1.1%.

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

3. Northrop Grumman ( NOC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Northrop Grumman is up $0.62 (0.5%) to $120.42 on light volume. Thus far, 370,580 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $118.23-$120.52 after having opened the day at $118.23 as compared to the previous trading day's close of $119.80.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $25.6 billion and is part of the aerospace/defense industry. Shares are up 4.5% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Northrop Grumman a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Northrop Grumman Ratings Report now.

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