L-3 Communications Holdings Inc (LLL): 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.

L-3 Communications Holdings ( LLL) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.3%. By the end of trading, L-3 Communications Holdings fell $2.46 (-2.1%) to $113.84 on heavy volume. Throughout the day, 1,450,478 shares of L-3 Communications Holdings exchanged hands as compared to its average daily volume of 679,800 shares. The stock ranged in price between $113.63-$116.00 after having opened the day at $115.58 as compared to the previous trading day's close of $116.30. Other companies within the Industrial Goods sector that declined today were: China Ceramics ( CCCL), down 17.3%, Astrotech Corporation ( ASTC), down 9.9%, Chart Industries ( GTLS), down 9.6% and MagneGas Corporation ( MNGA), down 9.3%.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings has a market cap of $10.2 billion and is part of the aerospace/defense industry. Shares are up 8.8% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate L-3 Communications Holdings a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates L-3 Communications Holdings 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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Highpower International ( HPJ), up 23.8%, China BAK Battery ( CBAK), up 17.6%, Altair Nanotechnologies ( ALTI), up 16.6% and Stock Building Supply Holdings ( STCK), up 10.2% , were all gainers within the industrial goods sector with Martin Marietta Materials ( MLM) being today's featured industrial goods sector leader.

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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