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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 17,388 as of Tuesday, Nov. 4, 2014, 2:05 PM ET. The NYSE advances/declines ratio sits at 1,085 issues advancing vs. 1,951 declining with 143 unchanged.

The Industrial Goods sector currently sits down 0.7% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Eagle Materials ( EXP), down 5.8%, Allegheny Technologies ( ATI), down 3.5%, Tenaris ( TS), down 3.0%, Nidec ( NJ), down 2.7% and CNH Industrial ( CNHI), down 2.8%.

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

3. Vulcan Materials ( VMC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Vulcan Materials is up $0.69 (1.1%) to $63.09 on heavy volume. Thus far, 1.9 million shares of Vulcan Materials exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $61.22-$64.71 after having opened the day at $62.72 as compared to the previous trading day's close of $62.40.

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

Vulcan Materials Company produces and sells construction aggregates, asphalt mix, ready-mixed concrete, and cement primarily in the United States. The company's Aggregates segment offers crushed stone, sand and gravel, sand, and other aggregates, as well as related products and services. Vulcan Materials has a market cap of $8.1 billion and is part of the materials & construction industry. Shares are up 5.0% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Vulcan Materials a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Vulcan Materials 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, revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Vulcan Materials 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, Northrop Grumman ( NOC) is up $1.76 (1.3%) to $138.72 on average volume. Thus far, 761,881 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $136.82-$139.47 after having opened the day at $137.91 as compared to the previous trading day's close of $136.96.

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

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $27.9 billion and is part of the aerospace/defense industry. Shares are up 19.5% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Northrop Grumman a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Northrop Grumman 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 and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Northrop Grumman 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, Raytheon ( RTN) is up $2.04 (2.0%) to $105.42 on average volume. Thus far, 1.2 million shares of Raytheon exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $103.68-$105.75 after having opened the day at $104.57 as compared to the previous trading day's close of $103.38.

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 $32.0 billion and is part of the aerospace/defense industry. Shares are up 14.0% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Raytheon a buy, no analysts rate it a sell, and 6 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, reasonable valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

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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