Mercadolibre Inc. (MELI): 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.

Mercadolibre ( MELI) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day up 0.1%. By the end of trading, Mercadolibre rose $1.93 (1.5%) to $130.69 on average volume. Throughout the day, 401,828 shares of Mercadolibre exchanged hands as compared to its average daily volume of 486,100 shares. The stock ranged in a price between $127.66-$131.74 after having opened the day at $128.81 as compared to the previous trading day's close of $128.76. Other companies within the Diversified Services industry that increased today were: eLong ( LONG), up 6.4%, Newtek Business Services ( NEWT), up 5.9%, Management Network Group ( TMNG), up 5.8% and China HGS Real Estate ( HGSH), up 4.5%.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. Mercadolibre has a market cap of $5.7 billion and is part of the services sector. Shares are up 64.2% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Mercadolibre as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Corporate Resource Services ( CRRS), down 11.3%, Daegis ( DAEG), down 8.0%, General Employment ( JOB), down 7.6% and EnviroStar ( EVI), down 5.7% , were all laggards within the diversified services industry with Visa ( V) 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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