Deere & Co (DE): 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.

Deere ( DE) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.2%. By the end of trading, Deere rose $2.27 (2.6%) to $89.84 on heavy volume. Throughout the day, 6,545,801 shares of Deere exchanged hands as compared to its average daily volume of 2,874,100 shares. The stock ranged in a price between $87.88-$89.84 after having opened the day at $88.14 as compared to the previous trading day's close of $87.57. Other companies within the Industrial Goods sector that increased today were: MagneGas Corporation ( MNGA), up 60.0%, Vertex Energy ( VTNR), up 19.1%, ARC Group Worldwide ( ARCW), up 7.8% and L.S. Starrett Company ( SCX), up 7.3%.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $32.3 billion and is part of the industrial industry. Shares are down 4.4% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Clean Diesel Technologies ( CDTI), down 9.2%, ExOne ( XONE), down 8.1%, AAR Corporation ( AIR), down 8.0% and Hydrogenics Corporation ( HYGS), down 7.1% , were all laggards within the industrial goods sector with Vulcan Materials Company ( VMC) 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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