Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model General Dynamics (
GD) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.0%. By the end of trading, General Dynamics rose $1.01 (1.5%) to $67.00 on average volume. Throughout the day, 2,804,406 shares of General Dynamics exchanged hands as compared to its average daily volume of 2,682,700 shares. The stock ranged in a price between $66.27-$67.13 after having opened the day at $66.35 as compared to the previous trading day's close of $65.99. Other companies within the Industrial Goods sector that increased today were:
China Yuchai International (
CYD), up 10.8%,
Fuelcell Energy (
FCEL), up 10.0%,
Omega Flex (
OFLX), up 8.9% and
Intellicheck Mobilisa (
IDN), up 7.3%.
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General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $23.5 billion and is part of the aerospace/defense industry. Shares are down 4.7% year to date as of the close of trading on Thursday.
TheStreet Ratings rates General Dynamics as a
buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
On the negative front,
India Globalization Capital (
IGC), down 10.0%,
IntriCon Corporation (
IIN), down 8.9%,
Ecotality (
ECTY), down 7.3% and
Continental Materials Corporation (
CUO), down 7.1%.
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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