3 Industrial Goods Stocks Pushing Sector Growth

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 6 points (0.0%) at 17,548 as of Friday, Nov. 7, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,802 issues advancing vs. 1,173 declining with 159 unchanged.

The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the sector include MRC Global ( MRC), up 6.9%, Clean Harbors ( CLH), up 3.9%, Chicago Bridge & Iron Company ( CBI), up 2.0%, Lennar ( LEN), up 1.8% and CNH Industrial ( CNHI), up 1.8%. On the negative front, top decliners within the sector include Nidec ( NJ), down 1.6%, Fastenal ( FAST), down 1.5%, AerCap Holdings ( AER), down 1.5%, Northrop Grumman ( NOC), down 1.2% and Raytheon ( RTN), down 0.9%.

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

3. Cemex SAB de CV ( CX) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Cemex SAB de CV is up $0.13 (1.1%) to $12.39 on light volume. Thus far, 1.6 million shares of Cemex SAB de CV exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $12.32-$12.40 after having opened the day at $12.33 as compared to the previous trading day's close of $12.26.

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

CEMEX, S.A.B. de C.V. produces, markets, distributes, and sells cement, ready-mix concrete, clinker, aggregates, and other construction materials for home construction and concrete pavement applications. Cemex SAB de CV has a market cap of $14.4 billion and is part of the materials & construction industry. Shares are up 3.6% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Cemex SAB de CV a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cemex SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Cemex SAB de CV 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, Precision Castparts ( PCP) is up $1.16 (0.5%) to $226.44 on average volume. Thus far, 376,777 shares of Precision Castparts exchanged hands as compared to its average daily volume of 801,700 shares. The stock has ranged in price between $224.17-$226.62 after having opened the day at $225.38 as compared to the previous trading day's close of $225.28.

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

Precision Castparts Corp. manufactures and sells metal components and products worldwide. It operates in three segments: Investment Cast Products, Forged Products, and Airframe Products. Precision Castparts has a market cap of $32.0 billion and is part of the industrial industry. Shares are down 16.4% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Precision Castparts 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, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Precision Castparts 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 $0.99 (1.1%) to $88.76 on light volume. Thus far, 1.3 million shares of Deere exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $87.72-$88.76 after having opened the day at $87.79 as compared to the previous trading day's close of $87.77.

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 $30.5 billion and is part of the industrial industry. Shares are down 3.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Deere a buy, 9 analysts rate it a sell, and 7 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, notable return on equity and increase in stock price during the past year. 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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