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 1.2%. By the end of trading, Starbucks Corporation rose $1.19 (1.7%) to $71.90 on light volume. Throughout the day, 2,677,593 shares of Starbucks Corporation exchanged hands as compared to its average daily volume of 4,599,300 shares. The stock ranged in a price between $71.01-$72.26 after having opened the day at $71.08 as compared to the previous trading day's close of $70.71. Other companies within the Services sector that increased today were:
), up 26.3%,
), up 19.6%,
), up 17.0% and
), up 11.2%.
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Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. Starbucks Corporation has a market cap of $53.1 billion and is part of the leisure industry. Shares are up 31.9% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Starbucks Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. 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, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Starbucks Corporation Ratings Report.
On the negative front,
), down 15.4%,
), down 11.9%,
), down 11.1% and
), down 10.7% , were all laggards within the services sector with
) being today's services sector laggard.
- 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.