5 Stocks Dragging The Diversified Services Industry Downward

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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.

The Diversified Services industry currently sits down 0.1% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Ritchie Bros. Auctioneers ( RBA), down 2.3%, Qiagen ( QGEN), down 0.9% and Verisk Analytics ( VRSK), down 0.8%. A company within the industry that increased today was Visa ( V), up 0.5%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Mercadolibre ( MELI) is one of the companies pushing the Diversified Services industry lower today. As of noon trading, Mercadolibre is down $1.74 (-1.8%) to $94.45 on average volume Thus far, 228,801 shares of Mercadolibre exchanged hands as compared to its average daily volume of 547,500 shares. The stock has ranged in price between $94.12-$96.01 after having opened the day at $96.01 as compared to the previous trading day's close of $96.19.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. Mercadolibre has a market cap of $4.3 billion and is part of the services sector. The company has a P/E ratio of 42.5, above the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mercadolibre as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Mercadolibre Ratings Report now.

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