This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Colfax Corporation (CFX): Today's Featured Industrial Winner

Colfax Corporation ( CFX) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 1.7%. By the end of trading, Colfax Corporation rose 20 cents (0.7%) to $29.72 on average volume. Throughout the day, 862,811 shares of Colfax Corporation exchanged hands as compared to its average daily volume of 848,700 shares. The stock ranged in a price between $28.81-$29.76 after having opened the day at $29.08 as compared to the previous trading day's close of $29.52. Other companies within the Industrial industry that increased today were: Fuelcell Energy ( FCEL), up 9%, THT Heat Transfer Technology ( THTI), up 6.6%, EnerSys ( ENS), up 6.1%, and Fuel Tech ( FTEK), up 5.2%.

Colfax Corporation designs, manufactures, installs, maintains, and sells gas-and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. The company offers rotary positive displacement and specialty centrifugal pumps. Colfax Corporation has a market cap of $2.71 billion and is part of the industrial goods sector. Shares are up 3.7% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Colfax Corporation a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Colfax Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Valence Technology ( VLNC), down 15.2%, Daktronics ( DAKT), down 9.9%, China Ming Yang Wind Power Group ( MY), down 9.2%, and RTI International Metals ( RTI), down 9%, were all losers within the industrial industry with Caterpillar ( CAT) being today's industrial industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs