Carnival Corporation (CCL): Today's Featured Leisure 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 Leisure industry higher today making it today's featured leisure winner. The industry as a whole closed the day down 1.1%. By the end of trading, Carnival Corporation rose $0.42 (1.1%) to $38.46 on average volume. Throughout the day, 3,564,108 shares of Carnival Corporation exchanged hands as compared to its average daily volume of 3,884,100 shares. The stock ranged in a price between $38.16-$38.50 after having opened the day at $38.42 as compared to the previous trading day's close of $38.04. Other companies within the Leisure industry that increased today were: Nevada Gold & Casinos ( UWN), up 4.4%, King Digital Entertainment ( KING), up 3.5%, Chanticleer Holdings ( HOTR), up 2.6% and Extended Stay America ( STAY), up 1.7%.

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 $22.7 billion and is part of the services sector. Shares are down 5.3% 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 reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Qunar Cayman Islands ( QUNR), down 11.6%, SFX Entertainment ( SFXE), down 4.8%, 500.com Ltd ADR ( WBAI), down 4.8% and Noodles ( NDLS), down 4.4% , were all laggards within the leisure industry with Expedia ( EXPE) being today's leisure industry laggard.

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).

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