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.
) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.1%. By the end of trading, Corrections Corporation of America rose $0.37 (1.1%) to $33.51 on light volume. Throughout the day, 867,957 shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1,495,900 shares. The stock ranged in a price between $33.00-$33.58 after having opened the day at $33.21 as compared to the previous trading day's close of $33.14. Other companies within the Diversified Services industry that increased today were:
), up 9.0%,
), up 6.3%,
), up 6.2% and
), up 5.8%.
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Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corporation of America has a market cap of $3.4 billion and is part of the services sector. Shares are down 6.6% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Corrections Corporation of America
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, attractive valuation levels and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Corrections Corporation of America Ratings Report.
On the negative front,
), down 11.4%,
), down 6.3%,
), down 5.8% and
), down 4.8% , were all laggards within the diversified services industry with
) being today's diversified services industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider
) while those bearish on the diversified services industry could consider
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