3 Industrial Goods Stocks On The Rise

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 41 points (0.2%) at 17,110 as of Friday, Sept. 5, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,666 issues advancing vs. 1,285 declining with 190 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include B/E Aerospace ( BEAV), up 2.4%, AerCap Holdings ( AER), up 2.0%, Embraer S.A ( ERJ), up 1.1%, Tenaris ( TS), up 0.9% and Precision Castparts ( PCP), up 0.5%. A company within the sector that fell today was Cummins ( CMI), up 0.8%.

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

3. Lockheed Martin ( LMT) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Lockheed Martin is up $1.16 (0.7%) to $174.20 on light volume. Thus far, 439,979 shares of Lockheed Martin exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $172.37-$174.41 after having opened the day at $173.17 as compared to the previous trading day's close of $173.04.

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

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin has a market cap of $55.1 billion and is part of the aerospace/defense industry. Shares are up 16.4% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Lockheed Martin a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Lockheed Martin as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, 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 Lockheed Martin 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.

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