Best Buy Co Inc (BBY): Today's Featured Services Loser

Best Buy ( BBY) pushed the Services sector lower today making it today's featured Services loser. The sector as a whole closed the day down 0.5%. By the end of trading, Best Buy fell 41 cents (-1.9%) to $21.18 on light volume. Throughout the day, 6.3 million shares of Best Buy exchanged hands as compared to its average daily volume of 9.4 million shares. The stock ranged in price between $20.93-$21.58 after having opened the day at $21.55 as compared to the previous trading day's close of $21.59. Other company's within the Services sector that declined today were: Bridgepoint Education ( BPI), down 33.7%, SED International Holdings ( SED), down 19.6%, Ambow Education ( AMBO), down 13.4%, and Bluefly ( BFLY), down 11.3%.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $7.39 billion and is part of the retail industry. Shares are down 7.6% year to date as of the close of trading on Friday. Currently there are three analysts that rate Best Buy a buy, one analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Best Buy as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow.

On the positive front, Birks & Mayors ( BMJ), up 14%, Teamstaff ( TSTF), up 13.7%, DLH Holdings ( DLHC), up 13.7%, and Willdan Group ( WLDN), up 11.5%, were all gainers within the services sector with Gap ( GPS) 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).
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