3 Stocks Dragging The Leisure Industry Downward
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.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.
The Leisure industry currently sits down 0.4% versus the S&P 500, which is unchanged. A company within the industry that fell today was
(
), up 1.2%. A company within the industry that increased today was
(
), up 1.1%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Leisure industry lower today. As of noon trading, Carnival is down $0.35 (-0.9%) to $39.30 on light volume. Thus far, 837,390 shares of Carnival exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $39.25-$39.62 after having opened the day at $39.56 as compared to the previous trading day's close of $39.65.
Carnival Corporation operates as a cruise company worldwide. It operates in two segments, North America; and Europe, Australia, & Asia. Carnival has a market cap of $23.7 billion and is part of the services sector. Shares are down 0.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Carnival a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Carnival
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations 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 poor profit margins. Get the full
now.
2. As of noon trading,
(
) is down $1.36 (-2.4%) to $55.00 on average volume. Thus far, 1.3 million shares of Ctrip.com International exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $54.31-$56.55 after having opened the day at $56.47 as compared to the previous trading day's close of $56.36.
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, ticketing services, packaged tours, and corporate travel management in China. Ctrip.com International has a market cap of $7.6 billion and is part of the services sector. Shares are up 12.9% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Ctrip.com International a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Ctrip.com International
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. Get the full
Ctrip.com International Ratings Report
now.
1. As of noon trading,
(
) is down $0.61 (-0.8%) to $73.05 on light volume. Thus far, 2.0 million shares of Starbucks exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $72.95-$73.57 after having opened the day at $73.30 as compared to the previous trading day's close of $73.66.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. Starbucks has a market cap of $54.2 billion and is part of the services sector. Shares are down 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Starbucks a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Starbucks
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
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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