3 Stocks Dragging The Leisure 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 81 points (0.5%) at 15,076 as of Thursday, June 13, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,136 issues advancing vs. 827 declining with 99 unchanged.

The Leisure industry currently sits up 0.2% versus the S&P 500, which is up 0.6%.

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 $0.46 (-1.9%) to $23.54 on average volume Thus far, 2.7 million shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $23.46-$23.97 after having opened the day at $23.87 as compared to the previous trading day's close of $24.00.

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 $13.2 billion and is part of the services sector. The company has a P/E ratio of 31.4, above the S&P 500 P/E ratio of 17.7. Shares are up 41.6% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Melco Crown Entertainment a buy, no analysts rate it a sell, and 2 rate it a hold.

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

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