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

Corrections Corporation of America ( CXW) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.5%. By the end of trading, Corrections Corporation of America rose $0.46 (1.3%) to $34.98 on average volume. Throughout the day, 986,877 shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1,293,500 shares. The stock ranged in a price between $34.41-$35.06 after having opened the day at $34.56 as compared to the previous trading day's close of $34.52. Other companies within the Diversified Services industry that increased today were: Pointer Telocation ( PNTR), up 14.0%, Daegis ( DAEG), up 6.7%, General Finance Corporation ( GFN), up 6.5% and EnviroStar ( EVI), up 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 $4.1 billion and is part of the services sector. Shares are down 1.3% year to date as of the close of trading on Friday. 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, good cash flow from operations 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 negative front, General Employment ( JOB), down 27.4%, WidePoint Corporation ( WYY), down 14.7%, DLH Holdings ( DLHC), down 9.5% and Innotrac Corporation ( INOC), down 8.0% , were all laggards within the diversified services industry with Tyco International ( TYC) being today's diversified services industry laggard.

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).

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