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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 18,296 as of Wednesday, May 20, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,463 declining with 190 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the sector include Dover ( DOV), up 1.6%, and Caterpillar ( CAT), up 0.6%. On the negative front, top decliners within the sector include Nidec ( NJ), down 1.5%, Sherwin-Williams ( SHW), down 1.4%, Masco ( MAS), down 1.3%, Cemex SAB de CV ( CX), down 0.8% and Precision Castparts ( PCP), down 0.6%.

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

3. Dycom Industries ( DY) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Dycom Industries is up $8.88 (19.3%) to $54.95 on heavy volume. Thus far, 1.2 million shares of Dycom Industries exchanged hands as compared to its average daily volume of 316,000 shares. The stock has ranged in price between $52.51-$55.76 after having opened the day at $53.42 as compared to the previous trading day's close of $46.07.

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Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. Dycom Industries has a market cap of $1.6 billion and is part of the materials & construction industry. Shares are up 31.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Dycom Industries a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Dycom Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Dycom Industries Ratings Report now.

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2. As of noon trading, Honeywell International ( HON) is up $0.54 (0.5%) to $106.36 on average volume. Thus far, 1.3 million shares of Honeywell International exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $105.60-$106.49 after having opened the day at $105.92 as compared to the previous trading day's close of $105.81.

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Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $83.5 billion and is part of the industrial industry. Shares are up 5.9% year-to-date as of the close of trading on Tuesday. Currently there are 14 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 solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Honeywell International Ratings Report now.

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1. As of noon trading, General Electric ( GE) is up $0.16 (0.6%) to $27.51 on light volume. Thus far, 16.2 million shares of General Electric exchanged hands as compared to its average daily volume of 45.4 million shares. The stock has ranged in price between $27.20-$27.59 after having opened the day at $27.34 as compared to the previous trading day's close of $27.35.

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General Electric Company (GE) operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $275.2 billion and is part of the industrial industry. Shares are up 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate General Electric a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates General Electric as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full General Electric Ratings Report now.

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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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