3 Industrial Goods Stocks Nudging The Sector Higher

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 17 points (-0.1%) at 17,039 as of Tuesday, July 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 915 issues advancing vs. 2,069 declining with 174 unchanged.

The Industrial Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Embraer S.A ( ERJ), down 2.0%, Tenaris ( TS), down 1.6%, Royal Philips ( PHG), down 1.2%, Flowserve ( FLS), down 1.2% and Xylem ( XYL), down 1.2%.

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

3. Ballard Power Systems ( BLDP) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Ballard Power Systems is up $0.34 (9.2%) to $4.05 on heavy volume. Thus far, 3.1 million shares of Ballard Power Systems exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $3.91-$4.14 after having opened the day at $3.91 as compared to the previous trading day's close of $3.71.

Ballard Power Systems Inc. is engaged in the development and commercialization of proton exchange membrane fuel cells worldwide. Ballard Power Systems has a market cap of $491.2 million and is part of the industrial industry. Shares are up 146.2% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Ballard Power Systems a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ballard Power Systems as a sell. Among the areas we feel are negative, one of the most important has been poor profit margins. Get the full Ballard Power Systems Ratings Report now.

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2. As of noon trading, Raytheon ( RTN) is up $0.54 (0.6%) to $94.50 on average volume. Thus far, 673,241 shares of Raytheon exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $93.97-$95.26 after having opened the day at $94.06 as compared to the previous trading day's close of $93.96.

Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. Raytheon has a market cap of $29.1 billion and is part of the aerospace/defense industry. Shares are up 3.6% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Raytheon a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Raytheon 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, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Raytheon 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, General Dynamics ( GD) is up $0.75 (0.6%) to $117.43 on light volume. Thus far, 528,770 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $116.87-$118.10 after having opened the day at $116.89 as compared to the previous trading day's close of $116.68.

General Dynamics Corporation operates as aerospace and defense company worldwide. General Dynamics has a market cap of $40.1 billion and is part of the aerospace/defense industry. Shares are up 22.1% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate General Dynamics a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates General Dynamics 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, increase in net income, reasonable valuation levels 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 General Dynamics 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).

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