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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 62 points (0.4%) at 17,123 as of Wednesday, July 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,271 declining with 202 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Joy Global ( JOY), up 6.1%, Textron ( TXT), up 1.9%, Tenaris ( TS), up 1.4%, Cummins ( CMI), up 1.2% and Ingersoll-Rand ( IR), up 1.2%.

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

3. 3M ( MMM) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, 3M is up $0.82 (0.6%) to $145.88 on average volume. Thus far, 851,777 shares of 3M exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $145.03-$145.93 after having opened the day at $145.28 as compared to the previous trading day's close of $145.06.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $94.9 billion and is part of the industrial industry. Shares are up 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate 3M a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full 3M 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, Caterpillar ( CAT) is up $0.90 (0.8%) to $110.75 on average volume. Thus far, 1.5 million shares of Caterpillar exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $109.92-$110.98 after having opened the day at $110.18 as compared to the previous trading day's close of $109.85.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $68.9 billion and is part of the industrial industry. Shares are up 21.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Caterpillar a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Caterpillar 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 Electric ( GE) is up $0.24 (0.9%) to $26.86 on average volume. Thus far, 16.4 million shares of General Electric exchanged hands as compared to its average daily volume of 25.3 million shares. The stock has ranged in price between $26.66-$26.87 after having opened the day at $26.69 as compared to the previous trading day's close of $26.61.

General Electric Company operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $267.3 billion and is part of the industrial industry. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate General Electric a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Electric 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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