Today's Top Performers In Industrial Goods

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 77 points (-0.5%) at 16,493 as of Tuesday, Aug. 5, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,020 issues advancing vs. 1,966 declining with 149 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.6%. Top gainers within the sector include Mueller Water Products ( MWA), up 13.6%, Ametek ( AME), up 2.9%, TransDigm Group ( TDG), up 2.2%, Textron ( TXT), up 1.0% and Raytheon ( RTN), up 0.8%. On the negative front, top decliners within the sector include Louisiana-Pacific ( LPX), down 6.7%, Fastenal ( FAST), down 2.3%, Nidec ( NJ), down 1.6%, ABB ( ABB), down 1.1% and Sherwin-Williams ( SHW), down 0.6%.

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

3. Precision Castparts ( PCP) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Precision Castparts is up $1.57 (0.7%) to $230.75 on average volume. Thus far, 456,681 shares of Precision Castparts exchanged hands as compared to its average daily volume of 867,900 shares. The stock has ranged in price between $227.94-$232.60 after having opened the day at $227.96 as compared to the previous trading day's close of $229.18.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. It operates in three segments: Investment Cast Products, Forged Products, and Airframe Products. Precision Castparts has a market cap of $33.2 billion and is part of the industrial industry. Shares are down 14.9% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Precision Castparts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Precision Castparts Ratings Report now.

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2. As of noon trading, Deere ( DE) is up $0.49 (0.6%) to $85.76 on heavy volume. Thus far, 2.5 million shares of Deere exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $84.85-$86.51 after having opened the day at $84.92 as compared to the previous trading day's close of $85.27.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $30.9 billion and is part of the industrial industry. Shares are down 6.6% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Deere 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, Boeing ( BA) is up $1.23 (1.0%) to $121.16 on average volume. Thus far, 2.6 million shares of Boeing exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $119.66-$121.98 after having opened the day at $119.76 as compared to the previous trading day's close of $119.93.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $86.7 billion and is part of the aerospace/defense industry. Shares are down 12.1% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate Boeing a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Boeing 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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