Leucadia National Corporation ( LUK) pushed the Conglomerates sector lower today making it today's featured Conglomerates loser. The sector as a whole closed the day down 0.4%. By the end of trading, Leucadia National Corporation fell 15 cents (-0.7%) to $20.51 on light volume. Throughout the day, 973,513 shares of Leucadia National Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $20.41-$21.12 after having opened the day at $20.93 as compared to the previous trading day's close of $20.66. Another company within the Conglomerates sector that decreased today was MGT Capital Investments ( MGT), down 9.6%. Leucadia National Corporation engages in beef processing, manufacturing, land based contract oil and gas drilling, gaming entertainment, real estate activities, medical product development, and winery operations in the United States and internationally. Leucadia National Corporation has a market cap of $4.9 billion and is part of the conglomerates industry. The company has a P/E ratio of 10.1, above the average conglomerates industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 12% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Leucadia National Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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).