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 Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.7%. By the end of trading, Macy's rose $0.60 (1.1%) to $53.54 on average volume. Throughout the day, 5,057,078 shares of Macy's exchanged hands as compared to its average daily volume of 5,288,100 shares. The stock ranged in a price between $52.91-$53.64 after having opened the day at $53.07 as compared to the previous trading day's close of $52.94. Other companies within the Services sector that increased today were:
), up 31.4%,
), up 30.6%,
), up 17.3% and
), up 17.0%.
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Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Macy's has a market cap of $19.7 billion and is part of the retail industry. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 34.0% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Macy's a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in stock price during the past year, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Macy's Ratings Report.
On the negative front,
), down 28.6%,
), down 24.4%,
), down 12.3% and
), down 7.3% , were all laggards within the services sector with
) being today's services sector laggard.
- Use our services section to find sector-relevant news.
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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.