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

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SPX Corporation

(

SPW

) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.6%. By the end of trading, SPX Corporation rose $1.22 (1.8%) to $69.06 on heavy volume. Throughout the day, 1.1 million shares of SPX Corporation exchanged hands as compared to its average daily volume of 579,800 shares. The stock ranged in a price between $68.30-$71.14 after having opened the day at $71.14 as compared to the previous trading day's close of $67.84. Other companies within the Industrial industry that increased today were:

China BAK Battery

(

CBAK

), up 54.1%,

NF Energy Saving

(

NFEC

), up 25.8%,

JinkoSolar

(

JKS

), up 13.1%, and

ZBB Energy Corporation

(

ZBB

), up 11.7%.

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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 $3.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are up 11.1% year to date as of the close of trading on Friday. Currently there are 10 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

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Generac Holdings

(

GNRC

), down 9.3%,

Dixie Group

(

DXYN

), down 8%,

Ultralife Batteries

(

ULBI

), down 5.7%, and

Magnetek

(

MAG

), down 4.8%, were all laggards within the industrial industry with

Danaher Corporation

(

DHR

) being today's industrial industry laggard.

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

(

DIA

) while those bearish on the industrial industry could consider

ProShares UltraShort Industrials

(

SIJ

).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!

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