SPX Corporation (SPW): Today's Featured Industrial Goods Winner

SPX Corporation ( SPW) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 0.5%. By the end of trading, SPX Corporation rose 40 cents (0.5%) to $74.60 on average volume. Throughout the day, 533,201 shares of SPX Corporation exchanged hands as compared to its average daily volume of 690,700 shares. The stock ranged in a price between $73.79-$75 after having opened the day at $74.39 as compared to the previous trading day's close of $74.20. Other companies within the Industrial Goods sector that increased today were: Valence Technology ( VLNC), up 9.5%, Clean Diesel Technologies ( CDTI), up 9.1%, Nobility Homes ( NOBH), up 8.6%, and Integrated Electrical Services ( IESC), up 7.1%.

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 $3.76 billion and is part of the industrial industry. The company has a P/E ratio of 22.2, above the average industrial industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 23.1% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate SPX Corporation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates SPX Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the negative front, Wowjoint Holdings ( BWOW), down 13.2%, Arotech Corporation ( ARTX), down 11.1%, US Concrete ( USCR), down 10.7%, and Astrotech Corporation ( ASTC), down 6.2%, were all losers within the industrial goods sector with Lockheed Martin Corporation ( LMT) being today's industrial goods sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
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