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) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 0.8%. By the end of trading, ABB rose $0.26 (1.0%) to $26.26 on heavy volume. Throughout the day, 4,837,224 shares of ABB exchanged hands as compared to its average daily volume of 1,798,600 shares. The stock ranged in a price between $25.96-$26.35 after having opened the day at $26.16 as compared to the previous trading day's close of $26.00. Other companies within the Industrial Goods sector that increased today were:
), up 8.1%,
), up 6.5%,
), up 6.2% and
), up 5.8%.
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ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $59.9 billion and is part of the industrial industry. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate ABB a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. 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, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full ABB Ratings Report.
On the negative front,
), down 11.8%,
), down 11.1%,
), down 9.3% and
), down 9.3% , were all laggards within the industrial goods sector with
) being today's industrial goods sector laggard.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.