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

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.

Leucadia National Corporation ( LUK) pushed the Conglomerates sector lower today making it today's featured Conglomerates laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Leucadia National Corporation fell $0.34 (-1.2%) to $26.84 on light volume. Throughout the day, 986,548 shares of Leucadia National Corporation exchanged hands as compared to its average daily volume of 1,359,300 shares. The stock ranged in price between $26.71-$27.16 after having opened the day at $27.03 as compared to the previous trading day's close of $27.18. Other companies within the Conglomerates sector that declined today were: Dex Media ( DXM), down 11.5%, Pingtan Marine Enterprise ( PME), down 6.2%, AcelRx Pharmaceuticals ( ACRX), down 2.7% and Poage Bankshares ( PBSK), down 1.9%.

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 14.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Leucadia National Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Nacco Industries ( NC), up 5.7%, Harbinger Group ( HRG), up 3.5%, MGT Capital Investments ( MGT), up 3.4% and Tredegar Corporation ( TG), up 2.3%.

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).

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

null

More from Markets

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE