Safeway Inc. (SWY): Today's Featured Services Laggard
(
) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Safeway fell $0.35 (-1.4%) to $24.55 on light volume. Throughout the day, 2,798,469 shares of Safeway exchanged hands as compared to its average daily volume of 6,005,700 shares. The stock ranged in price between $24.46-$24.93 after having opened the day at $24.84 as compared to the previous trading day's close of $24.90. Other companies within the Services sector that declined today were:
(
), down 12.3%,
(
), down 9.9%,
(
), down 7.2% and
(
), down 6.7%.
Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. Safeway has a market cap of $5.9 billion and is part of the retail industry. Shares are up 35.2% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Safeway a buy, 3 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Safeway
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Safeway Ratings Report.
On the positive front,
(
), up 28.1%,
(
), up 19.9%,
(
), up 12.5% and
(
), up 11.4% , were all gainers within the services sector with
(
) being today's featured services sector leader.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).
- Find other investment ideas from our top rated ETFs lists.
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