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 Electric (
GE) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.5%. By the end of trading, General Electric rose $0.25 (1.1%) to $23.77 on average volume. Throughout the day, 38,681,381 shares of General Electric exchanged hands as compared to its average daily volume of 40,141,400 shares. The stock ranged in a price between $23.65-$23.85 after having opened the day at $23.75 as compared to the previous trading day's close of $23.52. Other companies within the Industrial industry that increased today were:
China BAK Battery (
CBAK), up 11.5%,
Arotech Corporation (
ARTX), up 10.7%,
Highpower International (
HPJ), up 9.8% and
NN (
NNBR), up 9.2%.
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General Electric Company operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $244.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 12.1% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate General Electric a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
General Electric as a
buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
On the negative front,
Continental Materials Corporation (
CUO), down 18.7%,
China Valves Technology (
CVVT), down 12.5%,
Intellicheck Mobilisa (
IDN), down 12.2% and
Terex (
TEX), down 7.7% , were all laggards within the industrial industry with
Pentair (
PNR) being today's industrial industry laggard.
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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