The

services

sector closed the day down 2.4%.

Rada Electronics Industries Inc

(

RADA

),

China Armco Metals Inc

(

CNAM

),

EnerNOC Inc

(

ENOC

), and

Focus Media

(

FMCN

) were all decliners today within the services sector with

MGM Resorts International

(

MGM

) being today's featured services loser. MGM Resorts International fell 63 cents (-6.3%) to $9.30 on average volume. Throughout the day, 31.8 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 25.9 million shares.

MGM Resorts International, through its subsidiaries, owns and operates casino resorts in the United States. The company's resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. MGM Resorts International has a market cap of $5 billion and is part of the

leisure

industry. The company has a P/E ratio of two, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 33.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates MGM Resorts International as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and disappointing return on equity.

On the positive front,

TheStreet Recommends

Innotrac Corporation

(

INOC

),

Seven Arts Entertainment Inc

(

SAPX

),

Infinity Pharmaceuticals Inc

(

INFI

), and

Bidz.com Inc

(

BIDZ

) were all gainers within the services sector with

AutoZone Inc

(

AZO

) being today's featured services sector winner.

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

).

null