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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2. As of noon trading, Precision Castparts ( PCP) is up $1.10 (0.5%) to $212.73 on light volume. Thus far, 326,620 shares of Precision Castparts exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $211.81-$213.54 after having opened the day at $212.80 as compared to the previous trading day's close of $211.63.

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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 $30.6 billion and is part of the industrial industry. Shares are down 12.1% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Precision Castparts as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Precision Castparts Ratings Report now.

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1. As of noon trading, Danaher ( DHR) is up $0.68 (0.8%) to $87.00 on light volume. Thus far, 1.2 million shares of Danaher exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $86.05-$87.01 after having opened the day at $86.58 as compared to the previous trading day's close of $86.32.

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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 $61.8 billion and is part of the industrial industry. Shares are up 0.7% year-to-date as of the close of trading on Friday. Currently there are 11 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 increase in stock price during the past year. 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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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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