Corrections Corporation Of America (CXW): Today's Featured Diversified 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.

Corrections Corporation of America ( CXW) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Corrections Corporation of America fell $1.26 (-3.6%) to $33.44 on heavy volume. Throughout the day, 3,572,924 shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1,378,400 shares. The stock ranged in price between $33.31-$34.82 after having opened the day at $34.60 as compared to the previous trading day's close of $34.70. Other companies within the Diversified Services industry that declined today were: Bioanalytical Systems ( BASI), down 7.4%, Taomee Holdings ( TAOM), down 7.1%, China Yida ( CNYD), down 7.0% and YY ( YY), down 5.7%.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corporation of America has a market cap of $4.0 billion and is part of the services sector. Shares are down 2.2% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Corrections Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Genetic Technologies ( GENE), up 19.6%, Industrial Services of America ( IDSA), up 17.0%, Harris Interactive ( HPOL), up 11.2% and Compx International ( CIX), up 10.5% , were all gainers within the diversified services industry with Western Union Company ( WU) being today's featured diversified services industry leader.

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).

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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