Carnival Corporation (CCL): 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.

Carnival Corporation ( CCL) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.7%. By the end of trading, Carnival Corporation fell $0.43 (-1.1%) to $38.62 on average volume. Throughout the day, 3,473,713 shares of Carnival Corporation exchanged hands as compared to its average daily volume of 4,481,800 shares. The stock ranged in price between $38.60-$39.05 after having opened the day at $38.93 as compared to the previous trading day's close of $39.05. Other companies within the Services sector that declined today were: Newlead Holdings ( NEWL), down 18.0%, MGT Capital Investments ( MGT), down 15.0%, Globus Maritime ( GLBS), down 10.5% and Buffalo Wild Wings ( BWLD), down 9.7%.

Carnival Corporation operates as a cruise and vacation company worldwide. The company operates in two segments, North America; and Europe, Australia, and Asia. Carnival Corporation has a market cap of $22.9 billion and is part of the leisure industry. Shares are down 2.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Carnival Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Carnival Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures 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 positive front, Myriad Genetics ( MYGN), up 15.1%, Furiex Pharmaceuticals ( FURX), up 7.4%, Knightsbridge Tankers ( VLCCF), up 7.3% and Birks Group ( BGI), up 6.8% , were all gainers within the services sector with Gap ( GPS) 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.

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