Is there any good news out there? Are there any stocks going up in this market? The answer to both questions is "yes." As always, there is money to be made in any market environment, as long as you own the right stocks. It's always been that way, and it always will be.

So, how do we go about finding what companies are doing well in a weak economic environment? Well, the answer is simple: just pick out the strongest sector of the economy, consider that sector's visibility, and find the best stocks therein.

The technology sector is always growing, but it's not doing so that well in the current environment. Conglomerates will be slowing because of their exposure to a wide range of industries. The financial sector -- while more attractively priced right now – doesn't look like it will be outperforming for quite some time. How about consumer goods? Well, companies like Procter & Gamble are outperforming the market, but there isn't much of a catalyst in this group.

Think commodity price cycle. Oil and gas have gone up. Gold and silver have gone up. So what is left in the raw material basket? How about agriculture and related industries?

Two companies come to mind that are doing great on the stock market right now. One is called Titan Machinery, Inc. (NASDAQ/TITN), and the other is Balchem Corporation (NASDAQ/BCPC).

Titan Machinery is a new listing on the stock market that's done nothing but go up since its January IPO. This company is a consolidator of full-service agricultural equipment dealers in the U.S. The company operates a network of Case IH, Case Construction, and New Holland equipment dealers throughout the country and business is great.

This stock had doubled in value since its listing, which is a real accomplishment considering how negative market sentiment has been since the beginning of the year.

Balchem is a company that specializes in selling ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries worldwide. This company is highly specialized in that it sells sophisticated chemical and nutrients that go in foods, feed supplies, and products that help sterilize surgical equipment. Balchem has four main business lines: ARC Specialty Products; Food, Pharma & Human Nutrition; BCP Ingredients Inc.; and Animal Nutrition & Health.

In its latest fourth quarter, Balchem's revenues grew over 100% to a record fifty-three-plus million dollars. Over the last 12 months, this stock has appreciated some 30% and, more recently, it has defied the stock market correction.

So, there's no reason to be glum about the state of the equity market. As is always the case, there are still some stocks that are going up when most others are going down.