General Dynamics (GD): Today's Featured Industrial Goods 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.

General Dynamics ( GD) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.2%. By the end of trading, General Dynamics fell $1.15 (-1.3%) to $85.77 on light volume. Throughout the day, 1,258,775 shares of General Dynamics exchanged hands as compared to its average daily volume of 1,899,900 shares. The stock ranged in price between $85.74-$86.71 after having opened the day at $86.71 as compared to the previous trading day's close of $86.92. Other companies within the Industrial Goods sector that declined today were: Ecotality ( ECTY), down 79.1%, GreenHunter Resources ( GRH), down 25.7%, China Recycling Energy Corporation ( CREG), down 12.2% and India Globalization Capital ( IGC), down 6.3%.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $30.4 billion and is part of the aerospace/defense industry. Shares are up 25.5% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, China Valves Technology ( CVVT), up 14.7%, Metalico ( MEA), up 8.8%, Stratasys ( SSYS), up 8.5% and ExOne ( XONE), up 7.7% , were all gainers within the industrial goods sector with Parker Hannifin Corporation ( PH) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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