3 Industrial Goods Stocks Nudging The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 26 points (-0.1%) at 17,879 as of Friday, June 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,219 issues advancing vs. 1,787 declining with 146 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include CNH Industrial ( CNHI), down 2.4%, ABB ( ABB), down 1.9%, Tenaris ( TS), down 0.9%, Lockheed Martin ( LMT), down 0.6% and Precision Castparts ( PCP), down 0.6%.

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

3. Vulcan Materials ( VMC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Vulcan Materials is up $0.72 (0.8%) to $89.34 on light volume. Thus far, 307,751 shares of Vulcan Materials exchanged hands as compared to its average daily volume of 999,200 shares. The stock has ranged in price between $88.13-$89.94 after having opened the day at $88.46 as compared to the previous trading day's close of $88.62.

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Vulcan Materials Company produces and sells construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt Mix, Concrete, and Calcium. Vulcan Materials has a market cap of $11.8 billion and is part of the materials & construction industry. Shares are up 34.8% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Vulcan Materials a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Vulcan Materials 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, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Vulcan Materials Ratings Report now.

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2. As of noon trading, Raytheon ( RTN) is up $0.64 (0.6%) to $101.31 on average volume. Thus far, 1.2 million shares of Raytheon exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $99.31-$101.39 after having opened the day at $99.74 as compared to the previous trading day's close of $100.67.

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Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. Raytheon has a market cap of $31.2 billion and is part of the aerospace/defense industry. Shares are down 6.9% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Raytheon a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Raytheon as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, notable return on equity and increase in stock price during the past year. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Raytheon Ratings Report now.

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1. As of noon trading, Caterpillar ( CAT) is up $0.54 (0.6%) to $86.01 on light volume. Thus far, 1.8 million shares of Caterpillar exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $84.91-$86.50 after having opened the day at $85.01 as compared to the previous trading day's close of $85.47.

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Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $52.1 billion and is part of the industrial industry. Shares are down 6.6% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Caterpillar a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, attractive valuation levels, expanding profit margins and growth in earnings per share. 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 Caterpillar 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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