Leucadia National Corporation

(

LUK

) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day up 1.7%. By the end of trading, Leucadia National Corporation rose 43 cents (2.1%) to $21.18 on light volume. Throughout the day, 920,295 shares of Leucadia National Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $20.69-$21.23 after having opened the day at $20.83 as compared to the previous trading day's close of $20.75. Other companies within the Conglomerates sector that increased today were:

Poage Bankshares

(

PBSK

), up 4.7% and

MGT Capital Investments

(

MGT

), up 4.4%.

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Leucadia National Corporation engages in beef processing, manufacturing, land based contract oil and gas drilling, gaming entertainment, real estate activities, medical product development, and winery operations in the United States and internationally. Leucadia National Corporation has a market cap of $5.27 billion and is part of the

conglomerates

industry. The company has a P/E ratio of 10.8, above the average conglomerates industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 8.8% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Leucadia National Corporation as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.

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

SPDR Trust Series one

(

SPY

) while those bearish on the conglomerates sector could consider

ProShares Short S&P 500

(

SH

).

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