3 Stocks Moving The Leisure Industry Upward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Leisure industry currently sits down 0.4% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was Starbucks Corporation ( SBUX), up 0.9%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. MGM Resorts International ( MGM) is one of the companies pushing the Leisure industry higher today. As of noon trading, MGM Resorts International is up $0.26 (1.1%) to $24.34 on average volume. Thus far, 4.7 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 11.0 million shares. The stock has ranged in price between $23.55-$24.53 after having opened the day at $23.89 as compared to the previous trading day's close of $24.08.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. MGM Resorts International has a market cap of $12.2 billion and is part of the services sector. Shares are up 2.4% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts who rate MGM Resorts International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full MGM Resorts International Ratings Report now.

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