5 Diversified Services Stocks Pushing The Industry Higher

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Diversified Services industry currently sits down 0.16 versus the S&P 500, which is down 0.48. On the negative front, top decliners within the industry include Air Lease ( AL), down 2.94, and Maximus ( MMS), down 2.71.

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

5. Corrections Corporation of America ( CXW) is one of the companies pushing the Diversified Services industry higher today. As of noon trading, Corrections Corporation of America is up $0.38 (1.14) to $33.82 on average volume Thus far, 990,299 shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $33.51-$34.08 after having opened the day at $33.62 as compared to the previous trading day's close of $33.44.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corporation of America has a market cap of $4.1 billion and is part of the services sector. The company has a P/E ratio of 26.1, above the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Corrections Corporation of America 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, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Corrections Corporation of America Ratings Report now.

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