3 Services Stocks Nudging The Sector Higher
Two out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 25 points (0.1%) at 17,526 as of Monday, May 23, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,545 issues advancing vs. 1,371 declining with 153 unchanged.
The Services sector currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the sector include
New Oriental Education & Technology Group I
(
), up 4.0%,
(
), up 3.4%,
(
), up 2.8%,
(
), up 2.5% and
(
), up 2.4%. On the negative front, top decliners within the sector include
(
), down 2.0%,
(
), down 1.9%,
(
), down 1.4%,
(
), down 0.8% and
(
), down 0.8%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Services sector higher today. As of noon trading, Best Buy is up $0.77 (2.4%) to $33.11 on heavy volume. Thus far, 5.2 million shares of Best Buy exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $32.36-$33.22 after having opened the day at $32.56 as compared to the previous trading day's close of $32.34.
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Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates through two reportable segments, Domestic and International. Best Buy has a market cap of $10.2 billion and is part of the retail industry. Shares are up 6.2% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Best Buy a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Best Buy
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its 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 $0.32 (1.4%) to $22.08 on light volume. Thus far, 2.2 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $21.76-$22.14 after having opened the day at $21.88 as compared to the previous trading day's close of $21.76.
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MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. MGM Resorts International has a market cap of $12.2 billion and is part of the leisure industry. Shares are down 4.2% year-to-date as of the close of trading on Friday. Currently there are 12 analysts who rate MGM Resorts International a buy, no analysts rate it a sell, and 1 rates 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk. Get the full
MGM Resorts International Ratings Report
now.
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1. As of noon trading,
(
) is up $0.18 (0.5%) to $34.80 on light volume. Thus far, 2.5 million shares of Kroger exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $34.62-$34.94 after having opened the day at $34.69 as compared to the previous trading day's close of $34.62.
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The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Kroger has a market cap of $33.5 billion and is part of the retail industry. Shares are down 17.2% year-to-date as of the close of trading on Friday. Currently there are 12 analysts who rate Kroger a buy, 2 analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Kroger
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, 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
(
).
