Leucadia National Corporation (LUK): Today's Featured Conglomerates Laggard

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Leucadia National Corporation ( LUK) pushed the Conglomerates sector lower today making it today's featured Conglomerates laggard. The sector as a whole was unchanged today. By the end of trading, Leucadia National Corporation fell $0.31 (-1.1%) to $27.09 on light volume. Throughout the day, 765,184 shares of Leucadia National Corporation exchanged hands as compared to its average daily volume of 1,407,200 shares. The stock ranged in price between $26.83-$27.29 after having opened the day at $27.21 as compared to the previous trading day's close of $27.40. Another company within the Conglomerates sector that decreased today was Tredegar Corporation ( TG), down 8.4%.

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 $9.8 billion and is part of the food & beverage industry. Shares are up 12.8% year to date as of the close of trading on Thursday.

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.

On the positive front, Pingtan Marine Enterprise ( PME), up 3.4% and AcelRx Pharmaceuticals ( ACRX), up 3.3%.

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).

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