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

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

ABB ( ABB) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.0%. By the end of trading, ABB fell $0.51 (-2.3%) to $21.79 on heavy volume. Throughout the day, 2,867,017 shares of ABB exchanged hands as compared to its average daily volume of 1,753,000 shares. The stock ranged in price between $21.77-$22.16 after having opened the day at $22.12 as compared to the previous trading day's close of $22.30. Other companies within the Industrial Goods sector that declined today were: MagneGas Corporation ( MNGA), down 22.8%, Real Goods Solar ( RSOL), down 11.5%, Ecotality ( ECTY), down 11.2% and Intellicheck Mobilisa ( IDN), down 10.6%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $50.8 billion and is part of the electronics industry. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Graham Corporation ( GHM), down 16.7%, Goldfield ( GV), down 4.0%, Cleantech Solutions International ( CLNT), down 4.0% and Perma-Fix Environmental Services ( PESI), down 3.8% , were all gainers within the industrial goods sector with Generac Holdings ( GNRC) being today's featured industrial goods sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

GE Nearing Deal to Sell Industrial Solutions Unit to Swiss-Based ABB

These Stocks Are Ready to Reverse Course

Stocks Lower as GE Depresses Dow, Microsoft Dips

Petrofac Falls 30% After Suspending COO Amid Fraud Investigation

General Dynamics, Raytheon, Northrop Grumman: 'Mad Money' Lightning Round