Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.1%. By the end of trading, Best Buy rose $0.64 (2.5%) to $26.29 on light volume. Throughout the day, 5,303,087 shares of Best Buy exchanged hands as compared to its average daily volume of 11,629,100 shares. The stock ranged in a price between $25.30-$26.34 after having opened the day at $25.34 as compared to the previous trading day's close of $25.65. Other companies within the Services sector that increased today were:
), up 23.0%,
), up 13.6%,
), up 12.9% and
), up 12.7%.
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Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $8.7 billion and is part of the retail industry. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. Shares are up 116.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Best Buy a buy, 2 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates Best Buy as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.
- You can view the full Best Buy Ratings Report.
On the negative front,
), down 18.3%,
), down 13.4%,
), down 12.8% and
), down 11.3% , were all laggards within the services sector with
) being today's services sector laggard.
- 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
) while those bearish on the services sector could consider
- Find other investment ideas from our top rated ETFs lists.
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