Icahn Enterprises LP (IEP): Today's Featured Automotive 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.

Icahn ( IEP) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 0.1%. By the end of trading, Icahn rose $3.96 (3.5%) to $117.24 on average volume. Throughout the day, 519,820 shares of Icahn exchanged hands as compared to its average daily volume of 388,000 shares. The stock ranged in a price between $114.78-$119.22 after having opened the day at $114.82 as compared to the previous trading day's close of $113.28. Other companies within the Automotive industry that increased today were: Supreme Industries ( STS), up 4.9%, Accuride ( ACW), up 3.8%, Miller Industries ( MLR), up 3.3% and SORL Auto Parts ( SORL), up 3.0%.

Icahn Enterprises L.P. engages in the investment, automotive, gaming, railcar, food packaging, metals, real estate, and home fashion businesses in the United States and internationally. Its Investment segment provides investment advisory, and administrative and back office services. Icahn has a market cap of $12.5 billion and is part of the conglomerates sector. Shares are unchanged year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Icahn a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Icahn as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Shiloh Industries ( SHLO), down 9.2%, Marine Products Corporation ( MPX), down 4.4%, General Motors ( GM), down 3.4% and American Axle & Mfg Holdings ( AXL), down 3.3% , were all laggards within the automotive industry with Dana ( DAN) being today's automotive industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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