Industrial Goods Stocks On The Rise With Help From 3 Stocks

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Northrop Grumman ( NOC), down 2.1%, Dover ( DOV), down 1.6%, Raytheon ( RTN), down 1.6%, General Dynamics ( GD), down 1.2% and Tenaris ( TS), down 0.9%.

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

3. Spectrum Brands Holdings ( SPB) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Spectrum Brands Holdings is up $2.86 (3.3%) to $88.99 on average volume. Thus far, 141,221 shares of Spectrum Brands Holdings exchanged hands as compared to its average daily volume of 233,800 shares. The stock has ranged in price between $88.00-$89.22 after having opened the day at $88.04 as compared to the previous trading day's close of $86.13.

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

Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. The company operates through Global Batteries & Appliances, Global Pet Supplies, Home and Garden Business, and Hardware & Home Improvement segments. Spectrum Brands Holdings has a market cap of $4.5 billion and is part of the consumer non-durables industry. Shares are up 22.1% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Spectrum Brands Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Spectrum Brands Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. 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 Spectrum Brands Holdings 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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