MPEL, EXPE And CMG, 3 Leisure Stocks Pushing The Industry Lower

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 60 points (0.4%) at 15,029 as of Tuesday, May 7, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,907 issues advancing vs. 994 declining with 159 unchanged.

The Leisure industry currently sits up 0.4% versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Starbucks Corporation ( SBUX), up 0.63.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Melco Crown Entertainment ( MPEL) is one of the companies pushing the Leisure industry lower today. As of noon trading, Melco Crown Entertainment is down $0.35 (-1.4%) to $24.39 on average volume Thus far, 2.4 million shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $24.24-$25.04 after having opened the day at $24.97 as compared to the previous trading day's close of $24.74.

Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. Melco Crown Entertainment has a market cap of $13.6 billion and is part of the services sector. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7. Shares are up 46.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Melco Crown Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Melco Crown Entertainment Ratings Report now.

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