Raytheon Company (RTN): Today's Featured Industrial Goods Winner

Raytheon Company ( RTN) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 0.3%. By the end of trading, Raytheon Company rose 45 cents (0.8%) to $56.33 on average volume. Throughout the day, 1.8 million shares of Raytheon Company exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in a price between $55.84-$56.41 after having opened the day at $55.85 as compared to the previous trading day's close of $55.88. Other companies within the Industrial Goods sector that increased today were: Manitex International ( MNTX), up 13.4%, P & F Industries ( PFIN), up 8.3%, Valence Technology ( VLNC), up 7.8%, and China Ming Yang Wind Power Group ( MY), up 7.7%.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $18.69 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 10.1, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 15.5% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, China Development Group Corporation ( CTDC), down 12.1%, A123 Systems ( AONE), down 11.2%, Real Goods Solar ( RSOL), down 10.7%, and NF Energy Saving ( NFEC), down 9.4%, were all losers within the industrial goods sector with Eaton ( ETN) 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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