Macy's Inc (M): Today's Featured Services Laggard

Macy's ( M) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 1.6%. By the end of trading, Macy's fell 57 cents (-1.6%) to $35.03 on light volume. Throughout the day, 4.8 million shares of Macy's exchanged hands as compared to its average daily volume of 6.6 million shares. The stock ranged in price between $34.52-$35.21 after having opened the day at $34.88 as compared to the previous trading day's close of $35.60. Other company's within the Services sector that declined today were: VisionChina Media ( VISN), down 27.1%, Ultrapetrol Bahamas ( ULTR), down 21.5%, AirMedia Group ( AMCN), down 16.9%, and Armco Metals Holdings ( CNAM), down 10.3%.

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its retail stores and Internet Web sites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. Macy's has a market cap of $14.66 billion and is part of the retail industry. The company has a P/E ratio of 11.6, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Macy's a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front, Seven Arts Entertainment ( SAPX), up 20.2%, RailAmerica ( RA), up 9.8%, American Reprographics Company ( ARP), up 9.3%, and FreeSeas ( FREE), up 6.8%, were all gainers within the services sector with Aeropostale ( ARO) being today's featured services sector leader.

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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