Walgreen Company (WAG): 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.

Walgreen Company ( WAG) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.6%. By the end of trading, Walgreen Company fell $0.72 (-1.4%) to $50.24 on average volume. Throughout the day, 5,146,384 shares of Walgreen Company exchanged hands as compared to its average daily volume of 6,134,300 shares. The stock ranged in price between $50.09-$50.98 after having opened the day at $50.81 as compared to the previous trading day's close of $50.96. Other companies within the Services sector that declined today were: TravelCenters of America ( TA), down 27.6%, AECOM Technology Corporation ( ACM), down 16.6%, Jamba ( JMBA), down 13.3% and LB Foster Company ( FSTR), down 12.1%.

Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. Walgreen Company has a market cap of $48.2 billion and is part of the retail industry. Shares are up 37.7% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Walgreen Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Walgreen Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Newtek Business Services ( NEWT), up 32.9%, Liberty Media Corporation Class A ( LMCA), up 31.1%, Era Group ( ERA), up 22.0% and China Yida ( CNYD), up 17.5% , were all gainers within the services sector with Ulta Salon Cosmetics & Fragrances ( ULTA) 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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