Tenaris SA (TS): Today's Featured Industrial Goods 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.

Tenaris ( TS) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.4%. By the end of trading, Tenaris rose $0.86 (1.9%) to $47.36 on heavy volume. Throughout the day, 1,876,448 shares of Tenaris exchanged hands as compared to its average daily volume of 1,135,900 shares. The stock ranged in a price between $46.56-$47.41 after having opened the day at $47.11 as compared to the previous trading day's close of $46.50. Other companies within the Industrial Goods sector that increased today were: MagneGas Corporation ( MNGA), up 21.8%, US Ecology ( ECOL), up 11.5%, Intellicheck Mobilisa ( IDN), up 10.9% and THT Heat Transfer Technology ( THTI), up 9.8%.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $27.4 billion and is part of the industrial industry. Shares are up 6.4% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, expanding profit margins 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.

On the negative front, Ducommun ( DCO), down 15.7%, ZBB Energy Corporation ( ZBB), down 12.3%, Asia Pacific Wire & Cable Corp ( APWC), down 5.6% and Bonso Electronics International ( BNSO), down 4.9% , were all laggards within the industrial goods sector with JinkoSolar ( JKS) being today's industrial goods sector laggard.

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).

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