3 Stocks Driving 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 77 points (-0.4%) at 17,034 as of Tuesday, Sept. 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 824 issues advancing vs. 2,132 declining with 162 unchanged.

The Industrial Goods sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. Top gainers within the sector include NCI Building Systems ( NCS), up 5.4%, Alliant Techsystems ( ATK), up 3.0%, ABB ( ABB), up 0.9% and Pentair ( PNR), up 0.6%. On the negative front, top decliners within the sector include Clean Harbors ( CLH), down 2.6%, Fluor ( FLR), down 1.1% and Masco ( MAS), down 1.1%.

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

3. Raytheon ( RTN) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Raytheon is up $1.19 (1.2%) to $99.69 on average volume. Thus far, 844,171 shares of Raytheon exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $98.75-$99.71 after having opened the day at $99.08 as compared to the previous trading day's close of $98.50.

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

Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. Raytheon has a market cap of $30.4 billion and is part of the aerospace/defense industry. Shares are up 8.6% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Raytheon a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Raytheon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 Raytheon 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, General Dynamics ( GD) is up $0.98 (0.8%) to $126.75 on average volume. Thus far, 694,289 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $125.72-$126.78 after having opened the day at $125.77 as compared to the previous trading day's close of $125.77.

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

General Dynamics Corporation operates as aerospace and defense company worldwide. General Dynamics has a market cap of $41.9 billion and is part of the aerospace/defense industry. Shares are up 31.6% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate General Dynamics a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, good cash flow from operations, growth in earnings per share 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 General Dynamics 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, Lockheed Martin ( LMT) is up $0.89 (0.5%) to $175.66 on average volume. Thus far, 557,157 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 $174.87-$175.84 after having opened the day at $175.60 as compared to the previous trading day's close of $174.77.

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 $55.4 billion and is part of the aerospace/defense industry. Shares are up 17.6% year-to-date as of the close of trading on Monday. 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.

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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