Best Buy Co Inc (BBY): Today's Featured Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Best Buy ( BBY) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Best Buy fell $0.60 (-2.1%) to $28.54 on light volume. Throughout the day, 3,343,105 shares of Best Buy exchanged hands as compared to its average daily volume of 6,377,500 shares. The stock ranged in price between $28.49-$29.31 after having opened the day at $29.21 as compared to the previous trading day's close of $29.14. Other companies within the Services sector that declined today were: Digital Domain Media Group ( DDMGQ), down 22.7%, Digital Domain Media Group ( DDMG), down 22.7%, Zagg ( ZAGG), down 17.1% and InfoSonics Corporation ( IFON), down 8.8%.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $10.1 billion and is part of the retail industry. Shares are up 145.9% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Best Buy a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Best Buy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.

On the positive front, Excel Maritime Carriers ( EXM), up 20.0%, Newlead Holdings ( NEWL), up 17.2%, LightInTheBox Holding Co Ltd ADR ( LITB), up 16.4% and Versar ( VSR), up 12.2% , 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).

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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