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CVS Caremark

(

CVS

) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 2%. By the end of trading, CVS Caremark rose 38 cents (0.9%) to $44.94 on average volume. Throughout the day, 9.1 million shares of CVS Caremark exchanged hands as compared to its average daily volume of eight million shares. The stock ranged in a price between $44.56-$45.21 after having opened the day at $44.78 as compared to the previous trading day's close of $44.56. Other companies within the Services sector that increased today were:

Medifast

(

MED

), up 26.5%,

Expedia

(

EXPE

), up 20.1%,

Saia

(

SAIA

), up 19.7%, and

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Westinghouse Solar

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CVS Caremark Corporation provides pharmacy health care services in the United States. CVS Caremark has a market cap of $57.08 billion and is part of the

retail

industry. The company has a P/E ratio of 16.7, below the average retail industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate CVS Caremark a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates CVS Caremark as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

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

(

IYC

) while those bearish on the services sector could consider

ProShares Ultra Short Consumer Sers

(

SCC

).

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