3 Industrial Stocks Nudging The Industry Higher

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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.

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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.

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