The

conglomerates

sector closed the day up 2.2%.

MGT Capital Investments Inc

(

MGT

) and

Tredegar Corporation

(

TG

) were all winners today within the conglomerates sector with

United Technologies

(

UTX

) being today's featured conglomerates winner. United Technologies rose 78 cents (1%) to $76.06 on average volume. Throughout the day, five million shares of United Technologies exchanged hands as compared to its average daily volume of 6.5 million shares.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $69.7 billion and is part of the

conglomerates

industry. The company has a P/E ratio of 14.4, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 4.4% year to date as of the close of trading on Tuesday.

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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