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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model


SPX Corporation



) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.2%. By the end of trading, SPX Corporation fell 75 cents (-1.1%) to $64.55 on light volume. Throughout the day, 383,710 shares of SPX Corporation exchanged hands as compared to its average daily volume of 562,800 shares. The stock ranged in price between $64.18-$65.30 after having opened the day at $65.30 as compared to the previous trading day's close of $65.30. Other companies within the Industrial industry that declined today were:

NF Energy Saving



), down 15.7%,




), down 13.7%,

China Development Group Corporation


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TheStreet Recommends


), down 11.1%, and

A123 Systems



), down 10.7%.

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SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide. SPX Corporation has a market cap of $3.29 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 21.7, above the average industrial industry P/E ratio of 17.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate SPX Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates SPX Corporation as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front,

Ultralife Batteries



), up 4.1%,

Dixie Group



), up 4%,

Altair Nanotechnologies



), up 3.8%, and

ZBB Energy Corporation



), up 3.4%, were all gainers within the industrial industry with




) being today's featured industrial industry leader.

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

SPDR Dow Jones Industrial Average



) while those bearish on the industrial industry could consider

ProShares UltraShort Industrials




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