Emerson Electric Co. (EMR): Today's Featured Technology Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 2.3%. By the end of trading, Emerson Electric fell $1.17 (-1.9%) to $60.58 on average volume. Throughout the day, 2,875,434 shares of Emerson Electric exchanged hands as compared to its average daily volume of 3,186,800 shares. The stock ranged in price between $60.50-$61.19 after having opened the day at $61.05 as compared to the previous trading day's close of $61.75. Other companies within the Technology sector that declined today were:
(
), down 31.2%,
(
), down 17.4%,
(
), down 15.4% and
(
), down 14.1%.
Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $44.3 billion and is part of the electronics industry. Shares are up 17.0% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 16 rate it a hold.
TheStreet Ratings rates
Emerson Electric
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Emerson Electric Ratings Report.
On the positive front,
(
), up 35.3%,
Daegis
(
DAEG
), up 9.7%,
(
), up 8.5% and
(
), up 8.3%.
- Use our technology 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 technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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