ABB Ltd. (ABB): Today's Featured Industrial Winner

ABB ( ABB) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 3.3%. By the end of trading, ABB rose 73 cents (4.7%) to $16.32 on average volume. Throughout the day, 2.9 million shares of ABB exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $16.14-$16.32 after having opened the day at $16.19 as compared to the previous trading day's close of $15.59. Other companies within the Industrial industry that increased today were: UQM Technologies ( UQM), up 24.3%, AZZ ( AZZ), up 19.4%, China Development Group Corporation ( CTDC), up 18%, and Chase Corporation ( CCF), up 12.2%.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $35.62 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 17.2% year to date as of the close of trading on Thursday. Currently there are six analysts that rate ABB a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, reasonable valuation levels and growth in earnings per share. 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 industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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