3 Industrial Stocks Nudging The Industry 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 68 points (0.4%) at 17,048 as of Thursday, Aug. 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,215 declining with 171 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is up 0.3%. Top gainers within the industry include ABB ( ABB), up 0.8%, and Nidec ( NJ), up 0.5%. A company within the industry that fell today was Cummins ( CMI), up 0.9%.

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

3. Royal Philips ( PHG) is one of the companies pushing the Industrial industry higher today. As of noon trading, Royal Philips is up $0.31 (1.0%) to $30.60 on average volume. Thus far, 323,166 shares of Royal Philips exchanged hands as compared to its average daily volume of 762,900 shares. The stock has ranged in price between $30.50-$30.71 after having opened the day at $30.55 as compared to the previous trading day's close of $30.29.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Koninklijke Philips N.V. is engaged in healthcare, consumer lifestyle, and lighting businesses worldwide. Royal Philips has a market cap of $28.1 billion and is part of the consumer goods sector. Shares are down 18.1% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Royal Philips a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Philips as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Royal Philips Ratings Report now.

STOCKS TO BUY: 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, Tenaris ( TS) is up $0.34 (0.8%) to $43.58 on light volume. Thus far, 259,683 shares of Tenaris exchanged hands as compared to its average daily volume of 946,400 shares. The stock has ranged in price between $43.13-$43.65 after having opened the day at $43.25 as compared to the previous trading day's close of $43.24.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Tenaris S.A., through its subsidiaries, is engaged in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.5 billion and is part of the basic materials sector. Shares are down 1.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Tenaris a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Tenaris Ratings Report now.

STOCKS TO BUY: 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, Caterpillar ( CAT) is up $0.61 (0.6%) to $108.31 on average volume. Thus far, 1.7 million shares of Caterpillar exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $107.54-$108.57 after having opened the day at $108.12 as compared to the previous trading day's close of $107.70.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $67.4 billion and is part of the industrial goods sector. Shares are up 18.6% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Caterpillar a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, growth in earnings per share, increase in net income and notable return on equity. 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.

STOCKS TO BUY: 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 industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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