Lear Corporation (LEA): Today's Featured Automotive 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.

Lear Corporation ( LEA) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Lear Corporation fell $1.01 (-1.2%) to $85.79 on heavy volume. Throughout the day, 1,481,464 shares of Lear Corporation exchanged hands as compared to its average daily volume of 966,400 shares. The stock ranged in price between $85.11-$86.85 after having opened the day at $86.79 as compared to the previous trading day's close of $86.80. Other companies within the Automotive industry that declined today were: Quantum Fuel Systems Technologies Worldwide ( QTWW), down 3.9%, Supreme Industries ( STS), down 2.7%, Patrick Industries ( PATK), down 2.4% and Icahn ( IEP), down 1.5%.

Lear Corporation designs, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. It operates through two segments, Seating and Electrical. Lear Corporation has a market cap of $6.8 billion and is part of the consumer goods sector. Shares are up 3.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Lear Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Lear Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Accuride ( ACW), up 3.7%, Fuel Systems Solutions ( FSYS), up 3.6%, Westport Innovations ( WPRT), up 3.3% and Federal-Mogul ( FDML), up 2.5% , were all gainers within the automotive industry with Tesla Motors ( TSLA) being today's featured automotive industry leader.

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).

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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