Leucadia National Corporation ( LUK) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day down 1.9%. By the end of trading, Leucadia National Corporation rose $0.81 (3.2%) to $25.82 on average volume. Throughout the day, 1,749,726 shares of Leucadia National Corporation exchanged hands as compared to its average daily volume of 1,486,600 shares. The stock ranged in a price between $25.09-$25.99 after having opened the day at $25.27 as compared to the previous trading day's close of $25.01. Other companies within the Conglomerates sector that increased today were: Nacco Industries ( NC), up 3.3%, AcelRx Pharmaceuticals ( ACRX), up 3.2%, Tredegar Corporation ( TG), up 3.2% and Rayonier ( RYN), up 3.0%.
Leucadia National Corporation engages in investment banking, beef processing, manufacturing, telecommunications, gaming, real estate, energy, medical product development, and winery operations in the United States and internationally. Leucadia National Corporation has a market cap of $9.1 billion and is part of the conglomerates industry. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Leucadia National Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series 1 ( SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 ( SH).