Today's Stocks Driving Success For The Industrial Goods Sector

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 104 points (0.6%) at 18,145 as of Wednesday, May 27, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,945 issues advancing vs. 1,035 declining with 155 unchanged.

The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Abengoa ( ABGB), up 4.6%, Cemex SAB de CV ( CX), up 2.0%, Spirit AeroSystems Holdings ( SPR), up 1.6%, ABB ( ABB), up 1.5% and Sherwin-Williams ( SHW), up 1.5%. On the negative front, top decliners within the sector include Toll Brothers ( TOL), down 2.8%, Embraer S.A ( ERJ), down 2.7% and Weyerhaeuser ( WY), down 0.5%.

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

3. Deere ( DE) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Deere is up $0.89 (0.9%) to $94.69 on heavy volume. Thus far, 2.2 million shares of Deere exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $93.70-$94.83 after having opened the day at $93.89 as compared to the previous trading day's close of $93.80.

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Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $31.7 billion and is part of the industrial industry. Shares are up 6.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Deere a buy, 5 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Deere as a buy. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Deere Ratings Report now.

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2. As of noon trading, Danaher ( DHR) is up $0.76 (0.9%) to $86.94 on light volume. Thus far, 996,418 shares of Danaher exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $86.03-$87.00 after having opened the day at $86.26 as compared to the previous trading day's close of $86.18.

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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher has a market cap of $61.3 billion and is part of the industrial industry. Shares are up 0.6% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Danaher a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Danaher Ratings Report now.

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1. As of noon trading, 3M ( MMM) is up $1.16 (0.7%) to $160.75 on average volume. Thus far, 964,270 shares of 3M exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $159.53-$160.82 after having opened the day at $159.82 as compared to the previous trading day's close of $159.59.

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3M Company operates as a diversified technology company worldwide. 3M has a market cap of $102.1 billion and is part of the industrial industry. Shares are down 2.9% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate 3M a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full 3M 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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