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 0.4%. By the end of trading, Mercadolibre rose $1.48 (1.2%) to $121.49 on average volume. Throughout the day, 736,299 shares of Mercadolibre exchanged hands as compared to its average daily volume of 509,600 shares. The stock ranged in a price between $119.18-$124.71 after having opened the day at $119.90 as compared to the previous trading day's close of $120.01. Other companies within the Diversified Services industry that increased today were:
), up 20.3%,
), up 7.2%,
), up 7.1% and
), up 6.1%.
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MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. Mercadolibre has a market cap of $5.3 billion and is part of the technology sector. Shares are up 52.8% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Mercadolibre Ratings Report.
On the negative front,
), down 9.6%,
), down 6.4%,
), down 5.2% and
), down 4.9% , 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
- Find other investment ideas from our top rated ETFs lists.