DISH Network Corp (DISH): 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

DISH Network ( DISH) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.4%. By the end of trading, DISH Network fell $1.17 (-2.9%) to $39.61 on average volume. Throughout the day, 2,847,293 shares of DISH Network exchanged hands as compared to its average daily volume of 3,288,700 shares. The stock ranged in price between $39.56-$40.95 after having opened the day at $40.95 as compared to the previous trading day's close of $40.78. Other companies within the Services sector that declined today were: Lionbridge Technologies ( LIOX), down 17.9%, FreeSeas ( FREE), down 11.7%, Salem Communications Corporation Class A ( SALM), down 11.5% and General Employment ( JOB), down 11.1%.
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DISH Network Corporation, together with its subsidiaries, offers direct broadcast satellite subscription television services in the United States. DISH Network has a market cap of $8.6 billion and is part of the media industry. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7. Shares are up 9.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate DISH Network a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates DISH Network as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, DS Torm ( TRMD), down 152.0%, Grand Canyon Education ( LOPE), down 14.1%, ENGlobal Corporation ( ENG), down 12.5% and Liberty Media Corporation ( LMCAD), down 10.5% , were all gainers within the services sector with Liberty Global ( LBTYA) 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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