3 Stocks Raising 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 104 points (0.6%) at 17,895 as of Tuesday, June 16, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,771 issues advancing vs. 1,197 declining with 176 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Cemex SAB de CV ( CX), up 1.3%, Mohawk Industries ( MHK), up 1.1%, Honeywell International ( HON), up 0.7% and 3M ( MMM), up 0.5%. On the negative front, top decliners within the sector include Colfax ( CFX), down 2.2%, Caterpillar ( CAT), down 0.9%, Royal Philips ( PHG), down 0.8%, Tenaris ( TS), down 0.7% and Deere ( DE), down 0.7%.

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

3. Weyerhaeuser ( WY) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Weyerhaeuser is up $0.96 (3.0%) to $33.00 on heavy volume. Thus far, 3.7 million shares of Weyerhaeuser exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $32.10-$33.04 after having opened the day at $32.10 as compared to the previous trading day's close of $32.04.

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Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada. Weyerhaeuser has a market cap of $16.6 billion and is part of the materials & construction industry. Shares are down 10.7% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Weyerhaeuser a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Weyerhaeuser as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Weyerhaeuser Ratings Report now.

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