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 1.0%. By the end of trading, Visa rose $3.76 (1.7%) to $220.88 on heavy volume. Throughout the day, 4,991,754 shares of Visa exchanged hands as compared to its average daily volume of 3,079,500 shares. The stock ranged in a price between $216.31-$226.00 after having opened the day at $225.75 as compared to the previous trading day's close of $217.12. Other companies within the Diversified Services industry that increased today were:
), up 43.3%,
), up 9.5%,
), up 6.8% and
), up 6.6%.
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Visa Inc., a payments technology company, is engaged in the operation of retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. Visa has a market cap of $111.8 billion and is part of the financial sector. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Visa 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, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Visa Ratings Report.
On the negative front,
), down 21.1%,
), down 15.8%,
), down 6.2% and
), down 5.9% , 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.