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Time Warner Inc (TWX): 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

Time Warner ( TWX) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Time Warner fell $1.05 (-1.8%) to $58.47 on average volume. Throughout the day, 5,987,586 shares of Time Warner exchanged hands as compared to its average daily volume of 6,909,700 shares. The stock ranged in price between $58.34-$59.66 after having opened the day at $59.60 as compared to the previous trading day's close of $59.52. Other companies within the Services sector that declined today were: Mecox Lane ( MCOX), down 19.9%, Seanergy Maritime Holdings ( SHIP), down 13.5%, UniTek Global Services ( UNTK), down 12.1% and QKL Stores ( QKLS), down 11.0%.

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Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. Time Warner has a market cap of $55.8 billion and is part of the media industry. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Time Warner 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, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Overstock.com ( OSTK), down 37.0%, Bluefly ( BFLY), down 22.0%, Inuvo ( INUV), down 11.6% and ITT Educational Services ( ESI), down 11.1% , were all gainers within the services sector with Corrections Corporation of America ( CXW) 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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