Mercadolibre Inc. (MELI): Today's Featured Diversified 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.

Mercadolibre ( MELI) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Mercadolibre fell $2.24 (-2.4%) to $93.09 on light volume. Throughout the day, 441,975 shares of Mercadolibre exchanged hands as compared to its average daily volume of 760,000 shares. The stock ranged in price between $92.50-$96.71 after having opened the day at $95.71 as compared to the previous trading day's close of $95.33. Other companies within the Diversified Services industry that declined today were: Euronet Worldwide ( EEFT), down 13.5%, Furiex Pharmaceuticals ( FURX), down 7.8%, General Employment ( JOB), down 6.1% and National Research Corporation ( NRCIB), down 5.5%.

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 $4.2 billion and is part of the services sector. Shares are down 11.6% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Mercadolibre a buy, 3 analysts rate it a sell, and 2 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, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Luna Innovations ( LUNA), up 22.9%, Kforce ( KFRC), up 14.1%, DLH Holdings ( DLHC), up 11.8% and China Yida ( CNYD), up 11.0% , were all gainers within the diversified services industry with McGraw Hill Financial ( MHFI) being today's featured diversified services industry leader.

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).

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

More from Markets

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

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

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

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern