3 Stocks Pushing 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 61 points (0.3%) at 18,072 as of Monday, June 1, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,805 issues advancing vs. 1,201 declining with 153 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Elbit Systems ( ESLT), up 3.3%, Chicago Bridge & Iron Company ( CBI), up 2.5%, Masco ( MAS), up 1.7%, Mohawk Industries ( MHK), up 1.4% and DR Horton ( DHI), up 1.2%. A company within the sector that fell today was ABB ( ABB), up 0.8%.

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

3. Lockheed Martin ( LMT) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Lockheed Martin is up $2.49 (1.3%) to $190.69 on heavy volume. Thus far, 1.1 million shares of Lockheed Martin exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $188.37-$191.05 after having opened the day at $189.32 as compared to the previous trading day's close of $188.20.

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Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. Lockheed Martin has a market cap of $59.8 billion and is part of the aerospace/defense industry. Shares are down 2.3% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate Lockheed Martin a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Lockheed Martin as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Lockheed Martin Ratings Report now.

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