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

ABB ( ABB) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.2%. By the end of trading, ABB fell 24 cents (-1.4%) to $17.12 on average volume. Throughout the day, 3.4 million shares of ABB exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in price between $16.94-$17.40 after having opened the day at $17.25 as compared to the previous trading day's close of $17.36. Other company's within the Industrial industry that declined today were: China Development Group Corporation ( CTDC), down 20%, Ultralife Batteries ( ULBI), down 18%, Rexnord ( RXN), down 17.9%, and Highway Holdings ( HIHO), down 8.5%.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $39.79 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.6, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 7.8% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate ABB a buy, no analysts rate it a sell, and four 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, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, China BAK Battery ( CBAK), up 17.1%, H&E Equipment Services ( HEES), up 17%, Energy Recovery ( ERII), up 12.9%, and WSI Industries ( WSCI), up 9.5%, were all gainers within the industrial industry with Caterpillar ( CAT) being today's featured industrial industry leader.

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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