Allison Transmission Holdings Inc (ALSN): Today's Featured Automotive Laggard

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Allison Transmission Holdings ( ALSN) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Allison Transmission Holdings fell $1.12 (-3.6%) to $30.00 on heavy volume. Throughout the day, 9,926,547 shares of Allison Transmission Holdings exchanged hands as compared to its average daily volume of 1,040,700 shares. The stock ranged in price between $29.78-$30.33 after having opened the day at $29.89 as compared to the previous trading day's close of $31.12. Other companies within the Automotive industry that declined today were: Federal Signal ( FSS), down 4.2% and SORL Auto Parts ( SORL), down 2.9%.

Allison Transmission Holdings, Inc. and its subsidiaries design, manufacture, and sell commercial and defense automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles. Allison Transmission Holdings has a market cap of $5.6 billion and is part of the consumer goods sector. Shares are up 12.7% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Allison Transmission Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Allison Transmission Holdings as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, solid stock price performance and growth in earnings per share. 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 positive front, Modine Manufacturing Company ( MOD), up 9.1%, Motorcar Parts of America ( MPAA), up 7.3%, Tesla Motors ( TSLA), up 7.0% and Monro Muffler Brake ( MNRO), up 4.5% , were all gainers within the automotive industry with Harley-Davidson ( HOG) 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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