CBS Corporation (CBS): Today's Featured Services Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

CBS Corporation ( CBS) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.6%. By the end of trading, CBS Corporation rose 35 cents (1%) to $34.42 on average volume. Throughout the day, 5.5 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 6.4 million shares. The stock ranged in a price between $34.08-$34.45 after having opened the day at $34.15 as compared to the previous trading day's close of $34.07. Other companies within the Services sector that increased today were: China Yida ( CNYD), up 31.7%, United Rentals ( URI), up 15.5%, Innovaro ( INV), up 13.6%, and Envoy Capital Group ( ECGI), up 12.5%.
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CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. CBS Corporation has a market cap of $20.31 billion and is part of the media industry. The company has a P/E ratio of 15.3, above the average media industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 25.5% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Apollo Group ( APOL), down 22.1%, Scientific Learning Corporation ( SCIL), down 12.9%, Overseas Shipholding Group ( OSG), down 9.6%, and China Jo-Jo Drugstores ( CJJD), down 9.5%, were all laggards within the services sector with Family Dollar Stores ( FDO) being today's services sector laggard.

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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