United Technologies Corp (UTX): 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.

United Technologies ( UTX) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.4%. By the end of trading, United Technologies fell $2.42 (-2.2%) to $109.58 on heavy volume. Throughout the day, 5,603,796 shares of United Technologies exchanged hands as compared to its average daily volume of 2,970,700 shares. The stock ranged in price between $109.58-$112.19 after having opened the day at $111.94 as compared to the previous trading day's close of $112.00. Other companies within the Industrial Goods sector that declined today were: Exide Technologies ( XIDE), down 31.9%, Frontline ( FRO), down 13.9%, Highpower International ( HPJ), down 6.7% and THT Heat Transfer Technology ( THTI), down 6.5%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $101.3 billion and is part of the industrial industry. Shares are up 34.6% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate United Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

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

On the positive front, MagneGas Corporation ( MNGA), up 14.1%, Energy Recovery ( ERII), up 13.3%, IntriCon Corporation ( IIN), up 11.1% and Skyline Corporation ( SKY), up 8.7%.

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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