4 Leisure Stocks Moving The Industry Upward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 58 points (-0.4%) at 15,461 as of Wednesday, Aug. 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 785 issues advancing vs. 2,161 declining with 94 unchanged.

The Leisure industry currently sits down 0.5% versus the S&P 500, which is down 0.4%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Arcos Dorados Holdings ( ARCO) is one of the companies pushing the Leisure industry higher today. As of noon trading, Arcos Dorados Holdings is up $0.57 (4.6%) to $12.94 on heavy volume. Thus far, 1.8 million shares of Arcos Dorados Holdings exchanged hands as compared to its average daily volume of 823,100 shares. The stock has ranged in price between $12.23-$13.09 after having opened the day at $12.23 as compared to the previous trading day's close of $12.37.

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. Arcos Dorados Holdings has a market cap of $1.6 billion and is part of the services sector. Shares are up 3.4% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Arcos Dorados Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Arcos Dorados Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins. Get the full Arcos Dorados Holdings Ratings Report now.

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

3. As of noon trading, Wendy's ( WEN) is up $0.42 (5.7%) to $7.85 on heavy volume. Thus far, 6.6 million shares of Wendy's exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $7.50-$7.85 after having opened the day at $7.58 as compared to the previous trading day's close of $7.43.

The Wendy's Company, through its subsidiaries, owns and franchises Wendy's restaurant system in North America and internationally. It engages in operating, developing, and franchising a system of distinctive quick-service restaurants. Wendy's has a market cap of $2.9 billion and is part of the services sector. Shares are up 58.1% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Wendy's a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Wendy's as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth 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. Get the full Wendy's Ratings Report now.

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

2. As of noon trading, Darden Restaurants ( DRI) is up $0.59 (1.2%) to $49.84 on light volume. Thus far, 402,347 shares of Darden Restaurants exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $49.15-$49.88 after having opened the day at $49.23 as compared to the previous trading day's close of $49.25.

Darden Restaurants, Inc. owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, and Wildfish Seafood Grille brand names. Darden Restaurants has a market cap of $6.5 billion and is part of the services sector. Shares are up 9.3% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Darden Restaurants a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Darden Restaurants as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Darden Restaurants Ratings Report now.

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

1. As of noon trading, MGM Resorts International ( MGM) is up $0.43 (2.5%) to $17.34 on heavy volume. Thus far, 7.3 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $16.86-$17.43 after having opened the day at $16.95 as compared to the previous trading day's close of $16.91.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts International has a market cap of $8.1 billion and is part of the services sector. Shares are up 45.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate MGM Resorts International a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. Get the full MGM Resorts International Ratings Report now.

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

If you are interested in one of these 4 stocks, 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%