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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Corrections Corporation of America (CXW) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Corrections Corporation of America fell $1.13 (-3%) to $37.22 on heavy volume. Throughout the day, 3.5 million shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $37.01-$38.22 after having opened the day at $38.15 as compared to the previous trading day's close of $38.35. Other companies within the Services sector that declined today were: Seanergy Maritime Holdings (SHIP), down 15.9%, China HGS Real Estate (HGSH), down 13.2%, ChinaEdu Corporation (CEDU), down 7.8%, and American Public Education (APEI), down 7%.

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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 $3.81 billion and is part of the diversified services industry. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 7.4% 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 one rates 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, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, iParty Corporation (IPT), up 179.4%, American Learning (ALRN), up 21%, Sinclair Broadcast Group (SBGI), up 12.6%, and Document Security Systems (DSS), up 9.8%, were all gainers within the services sector with Dollar General Corporation (DG) being today's featured services sector leader.

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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