Mohawk Industries Inc. (MHK): Today's Featured Industrial Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Mohawk Industries ( MHK) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole was unchanged today. By the end of trading, Mohawk Industries rose $8.68 (7.2%) to $129.97 on heavy volume. Throughout the day, 2,576,075 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 754,600 shares. The stock ranged in a price between $128.71-$134.21 after having opened the day at $132.51 as compared to the previous trading day's close of $121.29. Other companies within the Industrial industry that increased today were: China Recycling Energy Corporation ( CREG), up 14.0%, Euro Tech Holdings Company ( CLWT), up 11.5%, Arotech Corporation ( ARTX), up 6.3% and Dixie Group ( DXYN), up 6.2%.

Mohawk Industries, Inc., together with its subsidiaries, produces floor covering products for residential and commercial applications in the United States and for residential applications in Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. Mohawk Industries has a market cap of $8.6 billion and is part of the industrial goods sector. Shares are up 31.5% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Mohawk Industries 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, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, ZBB Energy Corporation ( ZBB), down 11.6%, MRC Global ( MRC), down 11.0%, Global-Tech Advanced Innovations ( GAI), down 8.3% and Cleantech Solutions International ( CLNT), down 6.5% , were all laggards within the industrial industry with Parker Hannifin Corporation ( PH) 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).

3x UPSIDE POTENTIAL: 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

What's Behind the Hound of Hades' Stock Market Rampage

What's Behind the Hound of Hades' Stock Market Rampage

7 Investment Themes You Can't Afford to Miss for 2018

7 Investment Themes You Can't Afford to Miss for 2018

Bring On the Bitcoin Futures Trading Insanity!

Bring On the Bitcoin Futures Trading Insanity!

5 Housing Stocks You Must Immediately Buy

5 Housing Stocks You Must Immediately Buy

Cramer: These Sectors Look Bullish (Part III)

Cramer: These Sectors Look Bullish (Part III)