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Discovery Communications ( DISCA) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole was unchanged today. By the end of trading, Discovery Communications fell $1.59 (-1.9%) to $82.94 on average volume. Throughout the day, 1,013,482 shares of Discovery Communications exchanged hands as compared to its average daily volume of 1,212,100 shares. The stock ranged in price between $82.88-$84.45 after having opened the day at $84.27 as compared to the previous trading day's close of $84.53. Other companies within the Services sector that declined today were: EnviroStar ( EVI), down 13.7%, SFX Entertainment ( SFXE), down 9.4%, Taminco ( TAM), down 7.4% and Newlead Holdings ( NEWL), down 6.8%.

Discovery Communications, Inc. operates as a non fiction media company worldwide. It operates through three segments: U.S. Networks, International Networks, and Education. The company provides original and purchased content across various distribution platforms. Discovery Communications has a market cap of $12.5 billion and is part of the media industry. The company has a P/E ratio of 30.9, above the S&P 500 P/E ratio of 17.7. Shares are up 34.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Discovery Communications a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Discovery Communications as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, 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 is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, Zale Corporation ( ZLC), up 15.5%, Gray Television ( GTN.A), up 12.8%, China HGS Real Estate ( HGSH), up 12.5% and AerCap Holdings N.V ( AER), up 11.6% , were all gainers within the services sector with Tyco International ( TYC) 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).

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