Wynn Resorts Ltd (WYNN): Today's Featured Services Laggard

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.

Wynn Resorts ( WYNN) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.9%. By the end of trading, Wynn Resorts fell $2.57 (-2.1%) to $120.39 on average volume. Throughout the day, 1.9 million shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $118.07-$120.91 after having opened the day at $120.90 as compared to the previous trading day's close of $122.96. Other companies within the Services sector that declined today were: Digital Generation ( DGIT), down 28.2%, FreeSeas ( FREE), down 12.4%, Inuvo ( INUV), down 11%, and CIBT Education Group ( MBA), down 10.9%.
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Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. Wynn Resorts has a market cap of $12.4 billion and is part of the leisure industry. The company has a P/E ratio of 22.9, above the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Wynn Resorts a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Wynn Resorts as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, OfficeMax ( OMX), up 20.9%, Red Robin Gourmet Burgers ( RRGB), up 18.9%, DLH Holdings ( DLHC), up 14.3%, and Guangshen Railway Company ( GSH), up 13.5%, were all gainers within the services sector with CSX ( CSX) 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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