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 lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Melco Crown Entertainment fell $0.97 (-4.1%) to $22.49 on heavy volume. Throughout the day, 7,416,143 shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 3,792,300 shares. The stock ranged in price between $22.00-$23.82 after having opened the day at $23.60 as compared to the previous trading day's close of $23.46. Other companies within the Services sector that declined today were:
), down 16.7%,
), down 14.1%,
Mandalay Digital Group
), down 13.4% and
), down 13.4%.
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Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. Melco Crown Entertainment has a market cap of $13.8 billion and is part of the leisure industry. The company has a P/E ratio of 32.8, above the S&P 500 P/E ratio of 17.7. Shares are up 48.0% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Melco Crown Entertainment a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Melco Crown Entertainment
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Melco Crown Entertainment Ratings Report.
On the positive front,
), down 29.4%,
Digital Domain Media Group
), down 29.4%,
), down 17.5% and
), down 15.0% , were all gainers within the services sector with
) being today's featured services sector leader.
- 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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