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 Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.4%. By the end of trading, General Dynamics fell $1.38 (-1.3%) to $108.02 on average volume. Throughout the day, 2,180,960 shares of General Dynamics exchanged hands as compared to its average daily volume of 2,547,900 shares. The stock ranged in price between $107.48-$110.33 after having opened the day at $109.66 as compared to the previous trading day's close of $109.40. Other companies within the Industrial Goods sector that declined today were:
(
), down 11.1%,
(
), down 9.6%,
(
), down 8.1% and
(
), down 6.4%.
General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $37.1 billion and is part of the aerospace/defense industry. Shares are up 14.5% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
General Dynamics
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full General Dynamics Ratings Report.
On the positive front,
(
), up 18.6%,
China Recycling Energy Corporation
(
), up 8.4%,
(
), up 7.5% and
(
), up 6.8% , were all gainers within the industrial goods sector with
(
) being today's featured industrial goods sector leader.
- 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.
