Icahn Enterprises LP (IEP): Today's Featured Conglomerates 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 Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day down 0.3%. By the end of trading, Icahn rose $4.51 (4.2%) to $112.99 on average volume. Throughout the day, 362,873 shares of Icahn exchanged hands as compared to its average daily volume of 415,800 shares. The stock ranged in a price between $107.56-$113.25 after having opened the day at $108.15 as compared to the previous trading day's close of $108.48. Another company within the Conglomerates sector that increased today was Tecnoglass ( TGLS), up 7.8%.

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 $12.4 billion and is part of the conglomerates industry. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Tuesday. 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, Pingtan Marine Enterprise ( PME), down 6.2%, Hemisphere Media Group ( HMTV), down 5.8% and Nacco Industries ( NC), down 3.0%.

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).

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