Carnival Corporation (CCL): Today's Featured Leisure 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 Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Carnival Corporation fell $0.79 (-1.9%) to $39.66 on heavy volume. Throughout the day, 6,609,411 shares of Carnival Corporation exchanged hands as compared to its average daily volume of 4,094,100 shares. The stock ranged in price between $39.56-$39.98 after having opened the day at $39.93 as compared to the previous trading day's close of $40.45. Other companies within the Leisure industry that declined today were: Country Style Cooking Restaurant Chain ( CCSC), down 5.6%, Chuy's Holdings ( CHUY), down 5.4%, Famous Dave's of America ( DAVE), down 5.3% and Qunar Cayman Islands ( QUNR), down 5.0%.

Carnival Corporation operates as a cruise company worldwide. It operates in two segments, North America; and Europe, Australia, & Asia. Carnival Corporation has a market cap of $23.8 billion and is part of the services sector. Shares are up 0.7% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Carnival Corporation a buy, 2 analysts rate it a sell, and 10 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, Carrols Restaurant Group ( TAST), up 8.9%, Del Frisco's Restaurant Group ( DFRG), up 5.2%, Brinker International ( EAT), up 4.0% and Einstein Noah Restaurant Group ( BAGL), up 4.0% , were all gainers within the leisure industry with Darden Restaurants ( DRI) being today's featured leisure industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

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

If you liked this article you might like

Analysts Wrong on iPhone; Retail Not Going Away: Best of Cramer

S&P, Dow Close at Record Highs, Brushing Off Geopolitical Concerns

Stocks Shake Off North Korea and London to Stay in Record Territory

Carnival Will Have Massive Cruise Ships Using Liquefied Natural Gas by 2018

Jim Cramer on North Korea, Equifax, Alphabet, Oracle, Nvidia and Southwest Air