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 Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.3%. By the end of trading, Raytheon Company rose $0.77 (1.0%) to $76.65 on light volume. Throughout the day, 1,057,667 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1,997,200 shares. The stock ranged in a price between $76.02-$76.85 after having opened the day at $76.15 as compared to the previous trading day's close of $75.88. Other companies within the Aerospace/Defense industry that increased today were:
), up 10.6%,
), up 4.6%,
), up 2.8% and
), up 2.8%.
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Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $24.5 billion and is part of the industrial goods sector. Shares are up 31.8% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, 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 Raytheon Company Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider
) while those bearish on the aerospace/defense industry could consider
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