Melco Crown Entertainment Ltd (MPEL): Today's Featured Leisure Laggard

Melco Crown Entertainment ( MPEL) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Melco Crown Entertainment fell $0.34 (-1.5%) to $22.36 on light volume. Throughout the day, 2,741,832 shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 3,953,400 shares. The stock ranged in price between $22.26-$22.69 after having opened the day at $22.65 as compared to the previous trading day's close of $22.70. Other companies within the Leisure industry that declined today were: Canterbury Park Holding Corporation ( CPHC), down 6.5%, Nevada Gold & Casinos ( UWN), down 6.1%, MTR Gaming Group ( MNTG), down 4.3% and Empire Resorts ( NYNY), down 4.3%.

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 $12.4 billion and is part of the services sector. The company has a P/E ratio of 31.7, above the S&P 500 P/E ratio of 17.7. Shares are up 34.8% year to date as of the close of trading on Thursday. 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.

On the positive front, Premier Exhibitions ( PRXI), up 8.1%, Asia Entertainment & Resources ( AERL), up 6.6%, PokerTek ( PTEK), up 5.4% and Renren ( RENN), up 5.3% , were all gainers within the leisure industry with MGM Resorts International ( MGM) being today's featured leisure industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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