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Services Standout Walgreen Company (WAG) Making Gains Today

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.

Walgreen Company (WAG) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.3%. By the end of trading, Walgreen Company rose $1.38 (3%) to $47.57 on average volume. Throughout the day, 8.5 million shares of Walgreen Company exchanged hands as compared to its average daily volume of 6.7 million shares. The stock ranged in a price between $46.37-$47.61 after having opened the day at $46.49 as compared to the previous trading day's close of $46.19. Other companies within the Services sector that increased today were: Destination XL Group (DXLG), up 34.1%, Casual Male Retail Group (CMRG), up 34.1%, PokerTek (PTEK), up 24.6%, and Tiger Media (IDI), up 11.2%.

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Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. Walgreen Company has a market cap of $43.94 billion and is part of the retail industry. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 24.8% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Walgreen Company a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Walgreen Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Rainmaker Systems (RMKR), down 19.2%, Gordman's Stores (GMAN), down 15.3%, U.S. Auto Parts Network (PRTS), down 12.8%, and Excel Maritime Carriers (EXM), down 9.3%, were all laggards within the services sector with Limited Brands (LTD) being today's services sector laggard.

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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