Wynn Resorts Ltd (WYNN): 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

Wynn Resorts ( WYNN) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.3%. By the end of trading, Wynn Resorts rose $2.13 (1.6%) to $131.50 on average volume. Throughout the day, 1,521,743 shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1,298,300 shares. The stock ranged in a price between $129.92-$132.04 after having opened the day at $130.00 as compared to the previous trading day's close of $129.37. Other companies within the Services sector that increased today were: Boyd Gaming Corporation ( BYD), up 22.7%, Point.360 ( PTSX), up 12.4%, SUPERVALU ( SVU), up 12.1% and Education Management Corporation ( EDMC), up 11.8%.
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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 $13.0 billion and is part of the leisure industry. The company has a P/E ratio of 26.6, above the S&P 500 P/E ratio of 17.7. Shares are up 15.0% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Wynn Resorts as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, DeVry ( DV), down 20.4%, Globus Maritime ( GLBS), down 15.8%, Media General ( MEG), down 15.1% and Mecox Lane ( MCOX), down 11.8% , were all laggards within the services sector with Norfolk Southern Corporation ( NSC) 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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