Icahn Enterprises LP (IEP): Today's Featured Conglomerates 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.

Icahn ( IEP) pushed the Conglomerates sector lower today making it today's featured Conglomerates laggard. The sector as a whole closed the day down 0.9%. By the end of trading, Icahn fell $2.41 (-2.3%) to $100.56 on average volume. Throughout the day, 194,271 shares of Icahn exchanged hands as compared to its average daily volume of 251,100 shares. The stock ranged in price between $100.39-$104.00 after having opened the day at $102.93 as compared to the previous trading day's close of $102.97. Other companies within the Conglomerates sector that declined today were: Dex Media ( DXM), down 6.4%, AcelRx Pharmaceuticals ( ACRX), down 4.1%, Seaboard Corporation ( SEB), down 3.6% and Tredegar Corporation ( TG), down 3.6%.

Icahn Enterprises L.P. is engaged in the investment, automotive, energy, metals, railcar, gaming, food packaging, real estate, and home fashion businesses in the United States and Internationally. Icahn has a market cap of $11.7 billion and is part of the conglomerates industry. Shares are down 5.9% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Icahn a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Icahn as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series 1 ( SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 ( SH).

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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