3 Industrial Goods Stocks Moving The Sector Upward

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 8 points (0.0%) at 17,140 as of Wednesday, Sept. 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,738 issues advancing vs. 1,242 declining with 174 unchanged.

The Industrial Goods sector currently sits up 0.7% versus the S&P 500, which is unchanged. Top gainers within the sector include Dresser-Rand Group ( DRC), up 5.5%, Lennar ( LEN), up 5.3%, MasTec ( MTZ), up 4.8%, Stratasys ( SSYS), up 3.1% and DR Horton ( DHI), up 3.1%. On the negative front, top decliners within the sector include Nidec ( NJ), down 1.9%, and Fastenal ( FAST), down 0.6%.

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

3. Danaher ( DHR) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Danaher is up $1.21 (1.6%) to $78.78 on average volume. Thus far, 1.6 million shares of Danaher exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $77.69-$78.94 after having opened the day at $77.80 as compared to the previous trading day's close of $77.57.

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

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher has a market cap of $53.7 billion and is part of the industrial industry. Shares are up 0.5% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Danaher a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Danaher 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, Honeywell International ( HON) is up $0.65 (0.7%) to $95.51 on average volume. Thus far, 1.1 million shares of Honeywell International exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $95.00-$95.91 after having opened the day at $95.16 as compared to the previous trading day's close of $94.86.

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

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $74.1 billion and is part of the industrial industry. Shares are up 3.8% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Honeywell International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Honeywell International 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, Deere ( DE) is up $0.50 (0.6%) to $83.42 on average volume. Thus far, 1.6 million shares of Deere exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $83.00-$83.49 after having opened the day at $83.10 as compared to the previous trading day's close of $82.93.

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

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $29.6 billion and is part of the industrial industry. Shares are down 9.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Deere a buy, 8 analysts rate it a sell, and 8 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 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 Deere 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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