United Technologies

(

UTX

) pushed the Conglomerates sector lower today making it today's featured Conglomerates loser. The sector as a whole closed the day up 0.4%. By the end of trading, United Technologies fell $1.02 (-1.4%) to $73.05 on light volume. Throughout the day, 3.8 million shares of United Technologies exchanged hands as compared to its average daily volume of 5.4 million shares. The stock ranged in price between $72.53-$73.95 after having opened the day at $73.80 as compared to the previous trading day's close of $74.07.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $68.96 billion and is part of the

conglomerates

industry. The company has a P/E ratio of 14.3, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 5.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates United as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

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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