Deere

(

DE

) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.6%. By the end of trading, Deere rose $1.15 (1.5%) to $76.29 on average volume. Throughout the day, 2.9 million shares of Deere exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in a price between $75.73-$77.01 after having opened the day at $75.92 as compared to the previous trading day's close of $75.14. Other companies within the Industrial Goods sector that increased today were:

Bonso Electronics International

(

BNSO

), up 21.4%,

A123 Systems

(

AONE

), up 18.8%,

Wowjoint Holdings

(

BWOW

), up 15.2%, and

Valence Technology

(

VLNC

), up 14.5%.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $30.19 billion and is part of the

industrial

industry. The company has a P/E ratio of 10.3, below the average industrial industry P/E ratio of 10.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Friday. Currently there are eight analysts that rate Deere a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates Deere as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider

Industrial Select Sector SPDR

(

XLI

) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30

(

DOG

).

null