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Corrections Corporation Of America (CXW): Today's Featured Services Winner

Corrections Corporation of America (CXW) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day down 1.7%. By the end of trading, Corrections Corporation of America rose 18 cents (0.6%) to $28.25 on heavy volume. Throughout the day, 2.6 million shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $27.70-$28.35 after having opened the day at $28.04 as compared to the previous trading day's close of $28.07. Other companies within the Services sector that increased today were: Einstein Noah Restaurant Group (BAGL), up 19%, Peoples Educational Holdings (PEDH), up 13.7%, InfoSonics Corporation (IFON), up 13.6%, and AMN Healthcare Services (AHS), up 13%.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corporation of America has a market cap of $2.89 billion and is part of the diversified services industry. The company has a P/E ratio of 18.8, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 42.4% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Corrections Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Body Central (BODY), down 48.5%, bebe stores (BEBE), down 22%, Chefs Warehouse Holdings (CHEF), down 19.9%, and Arcos Dorados Holdings (ARCO), down 16.5%, were all losers within the services sector with Home Depot (HD) being today's services sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services (IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers (SCC).

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