Myriad Genetics Inc. (MYGN): Today's Featured Diversified Services Winner

Myriad Genetics ( MYGN) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.2%. By the end of trading, Myriad Genetics rose $0.47 (1.7%) to $27.79 on light volume. Throughout the day, 1,114,394 shares of Myriad Genetics exchanged hands as compared to its average daily volume of 1,971,300 shares. The stock ranged in a price between $27.04-$27.91 after having opened the day at $27.19 as compared to the previous trading day's close of $27.32. Other companies within the Diversified Services industry that increased today were: ADT Corporation ( ADT), up 10.0%, RLJ Entertainment ( RLJE), up 8.4%, Swisher Hygiene ( SWSH), up 7.9% and VirtualScopics ( VSCP), up 7.1%.

Myriad Genetics, Inc., a molecular diagnostic company, focuses on the development and marketing of predictive medicine, personalized medicine, and prognostic medicine tests primarily in the United States. Myriad Genetics has a market cap of $2.1 billion and is part of the services sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 1.4% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Myriad Genetics a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Myriad Genetics as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, 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 weak operating cash flow.

On the negative front, SmartPros ( SPRO), down 10.9%, Planet Payment ( PLPM), down 8.1%, Document Security Systems ( DSS), down 7.0% and Spar Group ( SGRP), down 6.8% , were all laggards within the diversified services industry with Moody's Corporation ( MCO) being today's diversified services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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