Raytheon Company (RTN): Today's Featured Industrial Goods Winner
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 higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.6%. By the end of trading, Raytheon Company rose $1.08 (1.4%) to $79.80 on light volume. Throughout the day, 1,286,108 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1,904,300 shares. The stock ranged in a price between $78.70-$79.82 after having opened the day at $78.76 as compared to the previous trading day's close of $78.72. Other companies within the Industrial Goods sector that increased today were:
Wowjoint Holdings
(
BWOW
), up 28.0%,
Perma-Fix Environmental Services
(
), up 18.8%,
(
), up 16.3% and
(
), up 12.7%.
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 $25.4 billion and is part of the aerospace/defense industry. Shares are up 36.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Raytheon Company
as a
. 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.
On the negative front,
(
), down 10.1%,
(
), down 9.6%,
Jewett-Cameron Trading Company
(
), down 6.6% and
(
), down 6.4% , were all laggards within the industrial goods sector with
(
) being today's industrial goods sector laggard.
- 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.
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