Carnival Corporation (CCL): 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.

Carnival Corporation ( CCL) pushed the Services sector higher today making it today's featured services winner. The sector as a whole was unchanged today. By the end of trading, Carnival Corporation rose $0.62 (1.6%) to $39.99 on light volume. Throughout the day, 2,667,958 shares of Carnival Corporation exchanged hands as compared to its average daily volume of 3,601,600 shares. The stock ranged in a price between $39.06-$40.08 after having opened the day at $39.16 as compared to the previous trading day's close of $39.37. Other companies within the Services sector that increased today were: China Jo-Jo Drugstores ( CJJD), up 17.0%, Kelly Services ( KELYB), up 16.4%, Burlington Stores ( BURL), up 15.8% and SmartPros ( SPRO), up 14.5%.

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 $23.5 billion and is part of the leisure industry. Shares are down 1.4% year to date as of the close of trading on Wednesday. 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 negative front, Genco Shipping & Trading ( GNK), down 23.0%, Cato Corporation ( CATO), down 12.9%, Cinedigm ( CIDM), down 11.4% and China Nepstar Chain Drugstore ( NPD), down 10.9% , were all laggards within the services sector with Canadian Pacific Railway ( CP) 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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