Lockheed Martin Corporation (LMT): 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.

Lockheed Martin Corporation ( LMT) 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, Lockheed Martin Corporation rose $1.81 (1.1%) to $166.14 on average volume. Throughout the day, 2,532,842 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1,957,000 shares. The stock ranged in a price between $164.80-$168.41 after having opened the day at $165.62 as compared to the previous trading day's close of $164.33. Other companies within the Industrial Goods sector that increased today were: Trex Company ( TREX), up 20.7%, Ballard Power Systems ( BLDP), up 16.1%, Bonso Electronics International ( BNSO), up 10.3% and IntriCon Corporation ( IIN), up 9.8%.

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin Corporation has a market cap of $52.8 billion and is part of the aerospace/defense industry. Shares are up 10.5% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Ocean Power Technologies ( OPTT), down 8.3%, China BAK Battery ( CBAK), down 7.0%, MagneGas Corporation ( MNGA), down 6.2% and Desarrolladora Homex SAB de CV ADR ( HXM), down 5.8% , were all laggards within the industrial goods sector with Armstrong World Industries ( AWI) 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).

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

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