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.

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