L-3 Communications Holdings

(

LLL

) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 0.7%. By the end of trading, L-3 Communications Holdings fell 35 cents (-0.5%) to $67.98 on average volume. Throughout the day, 647,032 shares of L-3 Communications Holdings exchanged hands as compared to its average daily volume of 761,900 shares. The stock ranged in price between $66.46-$68.17 after having opened the day at $67.88 as compared to the previous trading day's close of $68.33. Other company's within the Industrial Goods sector that declined today were:

Avalon Holdings

(

AWX

), down 10.8%,

Integrated Electrical Services

(

IESC

), down 7.9%,

India Globalization Capital

(

IGC

), down 7.7%, and

Arotech Corporation

(

ARTX

), down 7%.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings has a market cap of $6.63 billion and is part of the

aerospace/defense

industry. The company has a P/E ratio of 7.4, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year to date as of the close of trading on Tuesday. Currently there is one analyst that rates L-3 Communications Holdings a buy, two analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates L-3 Communications Holdings as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front,

Wowjoint Holdings

(

BWOW

), up 24.8%,

NF Energy Saving

(

NFEC

), up 10.8%,

China BAK Battery

(

CBAK

), up 8.9%, and

Heico Corporation

(

HEI

), up 8.8%, were all gainers within the industrial goods sector with

Tyco International

(

TYC

) being today's featured industrial goods sector winner.

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

).

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