Cardinal Health Inc (CAH): Today's Featured 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.

Cardinal Health ( CAH) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Cardinal Health fell $0.85 (-1.6%) to $52.40 on average volume. Throughout the day, 2,213,086 shares of Cardinal Health exchanged hands as compared to its average daily volume of 1,973,700 shares. The stock ranged in price between $52.38-$53.35 after having opened the day at $53.28 as compared to the previous trading day's close of $53.25. Other companies within the Services sector that declined today were: BioScrip ( BIOS), down 18.6%, Corporate Resource Services ( CRRS), down 11.3%, Rada Electronics Industries ( RADA), down 8.8% and Daegis ( DAEG), down 8.0%.

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. Cardinal Health has a market cap of $18.2 billion and is part of the wholesale industry. Shares are up 29.8% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Cardinal Health a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cardinal Health as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Vitran Corporation ( VTNC), up 11.5%, VisionChina Media ( VISN), up 9.1%, Noah Education Holdings ( NED), up 8.5% and Gordman's Stores ( GMAN), up 7.8% , were all gainers within the services sector with Las Vegas Sands ( LVS) being today's featured services sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists