American Tower Corp (AMT): Today's Featured Financial Winner

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

American Tower ( AMT) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.6%. By the end of trading, American Tower rose $0.90 (1.1%) to $83.94 on average volume. Throughout the day, 1,845,481 shares of American Tower exchanged hands as compared to its average daily volume of 2,391,100 shares. The stock ranged in a price between $82.83-$84.02 after having opened the day at $83.46 as compared to the previous trading day's close of $83.04. Other companies within the Financial sector that increased today were: China HGS Real Estate ( HGSH), up 16.6%, First Marblehead Corporation ( FMD), up 8.8%, Capital ( CT), up 7.6% and Invesco ( IVZ), up 6.8%.
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American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. American Tower has a market cap of $33.2 billion and is part of the real estate industry. The company has a P/E ratio of 52.4, above the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, US Global Investors ( GROW), down 7.5%, Independent Bank Corp (Ionia MI ( IBCP), down 7.3%, Gleacher ( GLCH), down 7.1% and First ( FBMS), down 6.8% , were all laggards within the financial sector with PartnerRe ( PRE) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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