PACCAR Inc (PCAR): 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.

PACCAR ( PCAR) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 0.8%. By the end of trading, PACCAR rose $0.75 (1.2%) to $62.29 on heavy volume. Throughout the day, 2,655,589 shares of PACCAR exchanged hands as compared to its average daily volume of 1,642,300 shares. The stock ranged in a price between $61.70-$62.79 after having opened the day at $61.75 as compared to the previous trading day's close of $61.54. Other companies within the Automotive industry that increased today were: Supreme Industries ( STS), up 5.5%, Wabash National Corporation ( WNC), up 3.8%, SORL Auto Parts ( SORL), up 3.1% and Tesla Motors ( TSLA), up 2.8%.

PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. PACCAR has a market cap of $21.8 billion and is part of the consumer goods sector. Shares are up 4.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate PACCAR a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates PACCAR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Westport Innovations ( WPRT), down 2.7% and China Automotive Systems ( CAAS), down 1.7% , were all laggards within the automotive industry with Harley-Davidson ( HOG) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE