MPEL, CMG, YUM, MCD And AMZN, 5 Services Stocks Pushing The Sector Lower
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.The Services sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Dreamworks Animation SKG (DWA), down 7.5%, Ryanair Holdings (RYAAY), down 1.1%, Norfolk Southern Corporation (NSC), down 1.2%, Genuine Parts Company (GPC), down 1.1% and Time Warner Cable (TWC), down 0.9%. Top gainers within the sector include SAIC (SAI), up 2.6%, Royal Philips (PHG), up 2.3%, MasterCard Incorporated (MA), up 1.2%, Priceline.com (PCLN), up 0.8% and Time Warner (TWX), up 0.8%.TheStreet would like to highlight 5 stocks pushing the sector lower today:5. Melco Crown Entertainment (MPEL) is one of the companies pushing the Services sector lower today. As of noon trading, Melco Crown Entertainment is down $0.43 (-1.8%) to $23.95 on heavy volume. Thus far, 3.0 million shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $23.48-$24.12 after having opened the day at $24.02 as compared to the previous trading day's close of $24.38. Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. Melco Crown Entertainment has a market cap of $13.4 billion and is part of the leisure industry. Shares are up 43.9% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Melco Crown Entertainment a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Melco Crown Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Melco Crown Entertainment Ratings Report now.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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