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SPX Corporation (SPW): Today's Featured Industrial Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

SPX Corporation (SPW) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.6%. By the end of trading, SPX Corporation rose $1.42 (2.1%) to $68.27 on average volume. Throughout the day, 799,116 shares of SPX Corporation exchanged hands as compared to its average daily volume of 583,600 shares. The stock ranged in a price between $67.54-$69.20 after having opened the day at $67.54 as compared to the previous trading day's close of $66.85. Other companies within the Industrial industry that increased today were: Wowjoint Holdings (BWOW), up 11.4%, eMagin Corporation (EMAN), up 11.2%, Altair Nanotechnologies (ALTI), up 8%, and Plug Power (PLUG), up 4%.

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SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. SPX Corporation has a market cap of $3.38 billion and is part of the industrial goods sector. The company has a P/E ratio of 22.3, above the average industrial industry P/E ratio of 18.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate SPX Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates SPX Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, China Valves Technology (CVVT), down 18.4%, Ecotality (ECTY), down 9.4%, TMS International (TMS), down 8.5%, and China Recycling Energy Corporation (CREG), down 7.2%, were all laggards within the industrial industry with Stanley Black & Decker (SWK) being today's industrial industry laggard.

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).

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