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 up 0.3%. By the end of trading, Mercadolibre rose $4.51 (5.0%) to $93.98 on heavy volume. Throughout the day, 1,388,925 shares of Mercadolibre exchanged hands as compared to its average daily volume of 754,400 shares. The stock ranged in a price between $89.13-$96.90 after having opened the day at $90.00 as compared to the previous trading day's close of $89.47. Other companies within the Diversified Services industry that increased today were:
), up 17.2%,
), up 8.8%,
), up 8.6% and
), up 5.7%.
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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 $4.0 billion and is part of the services sector. Shares are down 17.0% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Mercadolibre a buy, 3 analysts rate it a sell, and 2 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, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Mercadolibre Ratings Report.
On the negative front,
), down 13.5%,
), down 9.0%,
), down 7.2% and
), down 4.6% , were all laggards within the diversified services industry with
) being today's diversified services industry laggard.
- Use our diversified services section to find industry-relevant news.
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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.