3 Stocks Pushing The Industrial Goods 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 96 points (-0.6%) at 16,467 as of Friday, Aug. 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 828 issues advancing vs. 2,201 declining with 119 unchanged.

The Industrial Goods sector currently sits down 0.8% versus the S&P 500, which is down 0.6%. A company within the sector that increased today was Spirit AeroSystems Holdings ( SPR), up 9.3%. On the negative front, top decliners within the sector include Chart Industries ( GTLS), down 6.0%, 3D Systems ( DDD), down 4.8%, Flowserve ( FLS), down 2.2%, Parker Hannifin ( PH), down 1.7% and Dover ( DOV), down 1.3%.

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

3. L-3 Communications Holdings ( LLL) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, L-3 Communications Holdings is up $2.07 (2.0%) to $107.03 on heavy volume. Thus far, 1.0 million shares of L-3 Communications Holdings exchanged hands as compared to its average daily volume of 835,500 shares. The stock has ranged in price between $104.61-$108.97 after having opened the day at $104.96 as compared to the previous trading day's close of $104.96.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings has a market cap of $10.3 billion and is part of the aerospace/defense industry. Shares are down 1.8% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate L-3 Communications Holdings a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates L-3 Communications Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full L-3 Communications Holdings 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 liked this article you might like

Cramer: How Picking Stocks Is Like Fantasy Football

The Bull Run in L3 Technologies Continues

Analysts' Actions -- Autodesk, Estee Lauder, Newell Brands, Western Digital and More

Trump Budget Has Potentially Huge Upside for Defense Stocks