Raytheon Company (RTN): 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.

Raytheon Company ( RTN) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Raytheon Company fell $1.04 (-1.1%) to $93.23 on average volume. Throughout the day, 2,455,055 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1,875,900 shares. The stock ranged in price between $92.66-$94.43 after having opened the day at $94.30 as compared to the previous trading day's close of $94.27. Other companies within the Industrial Goods sector that declined today were: IntriCon Corporation ( IIN), down 10.6%, PMFG ( PMFG), down 7.4%, Bonso Electronics International ( BNSO), down 6.0% and Skyline Corporation ( SKY), down 5.5%.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $29.9 billion and is part of the aerospace/defense industry. Shares are up 3.9% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 9 rate it a hold.

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

On the positive front, Intellicheck Mobilisa ( IDN), up 33.5%, Hallwood Group ( HWG), up 27.9%, Ballard Power Systems ( BLDP), up 9.3% and Casella Waste Systems ( CWST), up 8.4%.

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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