Rite Aid Corporation (RAD): Today's Featured Services Winner

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.

Rite Aid Corporation ( RAD) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day down 1.2%. By the end of trading, Rite Aid Corporation rose $0.06 (1.8%) to $3.46 on average volume. Throughout the day, 18,286,774 shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 21,813,200 shares. The stock ranged in a price between $3.45-$3.53 after having opened the day at $3.47 as compared to the previous trading day's close of $3.40. Other companies within the Services sector that increased today were: DLH Holdings ( DLHC), up 18.6%, VisionChina Media ( VISN), up 12.4%, Dover Downs Gaming & Entertainment ( DDE), up 9.6% and CTPartners Executive Search ( CTP), up 9.0%.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation has a market cap of $3.0 billion and is part of the retail industry. Shares are up 146.3% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Rite Aid Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rite Aid Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.

On the negative front, Sears Hometown & Outlet Stores ( SHOS), down 17.9%, Pacific Sunwear ( PSUN), down 16.8%, Krispy Kreme Doughnuts ( KKD), down 15.1% and E-Commerce China Dangdang ( DANG), down 10.0% , were all laggards within the services sector with Lowe's Companies ( LOW) being today's services sector laggard.

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).

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

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing