This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Office Depot Inc (ODP): Specialty Retail's Featured Daily 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.

Office Depot ( ODP) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Office Depot fell 4 cents (-1.1%) to $3.71 on light volume. Throughout the day, 7.3 million shares of Office Depot exchanged hands as compared to its average daily volume of 11.3 million shares. The stock ranged in price between $3.71-$3.85 after having opened the day at $3.84 as compared to the previous trading day's close of $3.75. Other companies within the Specialty Retail industry that declined today were: Bluefly ( BFLY), down 4.9%, Books-A-Million ( BAMM), down 4.1%, DGSE Companies ( DGSE), down 2.3%, and Zagg ( ZAGG), down 2.2%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Office Depot, Inc., together with its subsidiaries, supplies office products and services. Office Depot has a market cap of $1.14 billion and is part of the services sector. Shares are up 14.3% year to date as of the close of trading on Monday. Currently there is one analyst that rates Office Depot a buy, one analyst rates it a sell, and nine rate it a hold.

TheStreet Ratings rates Office Depot as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and feeble growth in its earnings per share.

On the positive front, Lentuo International ( LAS), up 5.8%, Odyssey Marine Exploration ( OMEX), up 4.8%, MarineMax ( HZO), up 4.1%, and Medifast ( MED), up 3.5%, were all gainers within the specialty retail industry with PetSmart ( PETM) being today's featured specialty retail industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 16,785.28 +107.38 0.64%
S&P 500 1,960.50 +9.68 0.50%
NASDAQ 4,472.9740 +20.1820 0.45%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs