ABB Ltd. (ABB): Today's Featured Industrial Goods 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.

ABB ( ABB) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.4%. By the end of trading, ABB rose $0.23 (1.0%) to $23.05 on average volume. Throughout the day, 1,019,954 shares of ABB exchanged hands as compared to its average daily volume of 1,330,000 shares. The stock ranged in a price between $22.91-$23.08 after having opened the day at $22.97 as compared to the previous trading day's close of $22.82. Other companies within the Industrial Goods sector that increased today were: China Development Group Corporation ( CTDC), up 14.3%, Exide Technologies ( XIDE), up 13.2%, UQM Technologies ( UQM), up 11.3% and LSI Industries ( LYTS), up 11.3%.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $51.9 billion and is part of the industrial industry. Shares are up 8.8% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, China Advanced Construction Materials Group ( CADC), down 6.9%, Continental Materials Corporation ( CUO), down 5.0%, Ecotality ( ECTY), down 5.0% and Astrotech Corporation ( ASTC), down 3.7% , were all laggards within the industrial goods sector with Manitowoc ( MTW) being today's industrial goods sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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