3 Leisure Stocks Nudging The Industry Higher

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Leisure industry currently sits down 0.3% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Wynn Resorts ( WYNN), up 1.9%, and Las Vegas Sands ( LVS), up 1.7%.

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

3. Carnival ( CCL) is one of the companies pushing the Leisure industry higher today. As of noon trading, Carnival is up $0.46 (1.2%) to $37.88 on light volume. Thus far, 1.1 million shares of Carnival exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $37.56-$38.08 after having opened the day at $37.86 as compared to the previous trading day's close of $37.42.

Carnival Corporation operates as a cruise company worldwide. It operates in two segments, North America; and Europe, Australia, & Asia. Carnival has a market cap of $22.1 billion and is part of the services sector. Shares are down 6.8% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Carnival a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Carnival as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Carnival Ratings Report now.

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2. As of noon trading, Melco Crown Entertainment ( MPEL) is up $0.53 (1.5%) to $36.89 on heavy volume. Thus far, 4.3 million shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $36.08-$37.19 after having opened the day at $36.50 as compared to the previous trading day's close of $36.36.

Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. Melco Crown Entertainment has a market cap of $21.1 billion and is part of the services sector. Shares are down 7.3% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Melco Crown Entertainment a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Melco Crown Entertainment 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Melco Crown Entertainment Ratings Report now.

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1. As of noon trading, McDonald's ( MCD) is up $0.74 (0.8%) to $99.87 on light volume. Thus far, 1.8 million shares of McDonald's exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $99.13-$99.95 after having opened the day at $99.52 as compared to the previous trading day's close of $99.13.

McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company's restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. McDonald's has a market cap of $98.2 billion and is part of the services sector. Shares are up 2.2% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate McDonald's a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates McDonald's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full McDonald's Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, 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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