3 Stocks Boosting The Leisure Industry Higher
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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 105 points (-0.6%) at 17,744 as of Wednesday, March 18, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,422 issues advancing vs. 1,524 declining with 171 unchanged.
The Leisure industry currently sits down 0.4% versus the S&P 500, which is down 0.3%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Leisure industry higher today. As of noon trading, Carnival is up $0.35 (0.8%) to $46.02 on light volume. Thus far, 1.4 million shares of Carnival exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $45.50-$46.04 after having opened the day at $45.61 as compared to the previous trading day's close of $45.67.
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Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. Carnival has a market cap of $27.4 billion and is part of the services sector. Shares are up 0.8% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Carnival a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Carnival
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, 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
now.
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2. As of noon trading,
(
) is up $0.79 (0.9%) to $93.12 on light volume. Thus far, 636,381 shares of Expedia exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $92.10-$93.67 after having opened the day at $92.29 as compared to the previous trading day's close of $92.33.
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Expedia, Inc., together with its subsidiaries, operates as an online travel company in the United States and internationally. The company operates in two segments, Leisure and Egencia. Expedia has a market cap of $10.6 billion and is part of the services sector. Shares are up 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Expedia a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Expedia
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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1. As of noon trading,
(
) is up $0.33 (1.5%) to $22.07 on heavy volume. Thus far, 19.1 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 11.5 million shares. The stock has ranged in price between $21.40-$22.38 after having opened the day at $21.55 as compared to the previous trading day's close of $21.74.
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MGM Resorts International, through its subsidiaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts International has a market cap of $9.7 billion and is part of the services sector. Shares are up 1.7% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate MGM Resorts International a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
MGM Resorts International
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full
MGM Resorts International Ratings Report
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
PowerShares Dynamic Leisure&Entert
(
) while those bearish on the leisure industry could consider
ProShares Ultra Sht Consumer Services
(
).
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