3 Stocks Moving The Industrial Goods 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 84 points (0.5%) at 17,140 as of Wednesday, Sept. 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,536 issues advancing vs. 1,417 declining with 186 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Nidec ( NJ), up 3.2%, Royal Philips ( PHG), up 2.2%, Weyerhaeuser ( WY), up 1.4%, Sherwin-Williams ( SHW), up 1.1% and Cemex SAB de CV ( CX), up 0.9%. On the negative front, top decliners within the sector include GrafTech International ( GTI), down 30.5%, AAR ( AIR), down 10.5% and ABB ( ABB), down 0.7%.

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

3. General Dynamics ( GD) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, General Dynamics is up $0.69 (0.6%) to $126.66 on average volume. Thus far, 577,910 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 $125.90-$126.99 after having opened the day at $126.14 as compared to the previous trading day's close of $125.97.

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 $42.8 billion and is part of the aerospace/defense industry. Shares are up 31.8% year-to-date as of the close of trading on Tuesday. 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.

2. As of noon trading, Emerson Electric ( EMR) is up $0.58 (0.9%) to $64.08 on average volume. Thus far, 2.0 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $63.22-$64.31 after having opened the day at $63.55 as compared to the previous trading day's close of $63.50.

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

Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $44.8 billion and is part of the industrial industry. Shares are down 9.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Emerson Electric a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Emerson Electric 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, Caterpillar ( CAT) is up $0.52 (0.5%) to $100.50 on average volume. Thus far, 2.6 million shares of Caterpillar exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $99.89-$100.68 after having opened the day at $100.15 as compared to the previous trading day's close of $99.99.

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

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $63.3 billion and is part of the industrial industry. Shares are up 10.1% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Caterpillar a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Caterpillar 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 and increase in net income. 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 Caterpillar 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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