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.Leucadia National Corporation ( LUK) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole was unchanged today. By the end of trading, Leucadia National Corporation rose $0.53 (2.0%) to $27.56 on average volume. Throughout the day, 1,529,001 shares of Leucadia National Corporation exchanged hands as compared to its average daily volume of 1,199,400 shares. The stock ranged in a price between $27.08-$27.62 after having opened the day at $27.12 as compared to the previous trading day's close of $27.03. Other companies within the Conglomerates sector that increased today were: AcelRx Pharmaceuticals ( ACRX), up 6.0% and Harbinger Group ( HRG), up 1.5%.
Leucadia National Corporation, through its subsidiary, Jefferies Group LLC, primarily operates in the investment banking sector. Leucadia National Corporation has a market cap of $10.0 billion and is part of the food & beverage industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 4.6% year to date as of the close of trading on Monday. TheStreet Ratings rates Leucadia National Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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).