CVS Caremark Corp (CVS): 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.

CVS Caremark ( CVS) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 1.2%. By the end of trading, CVS Caremark rose $0.67 (1.0%) to $66.09 on light volume. Throughout the day, 3,996,017 shares of CVS Caremark exchanged hands as compared to its average daily volume of 5,716,800 shares. The stock ranged in a price between $65.40-$66.18 after having opened the day at $65.43 as compared to the previous trading day's close of $65.42. Other companies within the Services sector that increased today were: Dex Media ( DXM), up 34.4%, Bon-Ton Stores ( BONT), up 23.0%, Point.360 ( PTSX), up 16.3% and Globus Maritime ( GLBS), up 12.8%.

CVS Caremark Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. CVS Caremark has a market cap of $77.6 billion and is part of the retail industry. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 34.9% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate CVS Caremark a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CVS Caremark as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Newlead Holdings ( NEWL), down 22.3%, Liquidity Service ( LQDT), down 18.7%, Seanergy Maritime Holdings ( SHIP), down 12.7% and Dolan ( DM), down 10.7% , were all laggards within the services sector with Ross Stores ( ROST) 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).

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