Ingram Micro Inc (IM): Today's Featured Services 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.

Ingram Micro ( IM) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Ingram Micro fell $2.78 (-9.2%) to $27.49 on heavy volume. Throughout the day, 8,554,756 shares of Ingram Micro exchanged hands as compared to its average daily volume of 1,333,500 shares. The stock ranged in price between $25.67-$28.26 after having opened the day at $28.11 as compared to the previous trading day's close of $30.27. Other companies within the Services sector that declined today were: Newlead Holdings ( NEWL), down 23.3%, Tsakos Energy Navigation ( TNP), down 12.6%, Empire Resorts ( NYNY), down 10.6% and MGT Capital Investments ( MGT), down 10.1%.

Ingram Micro Inc. distributes information technology (IT) products; and provides IT supply-chain, mobile device lifecycle, and logistics solutions worldwide. Ingram Micro has a market cap of $4.8 billion and is part of the wholesale industry. Shares are up 29.0% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Ingram Micro a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ingram Micro as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Body Central ( BODY), up 9.7%, Internet Patents ( PTNT), up 8.3%, Sport Chalet ( SPCHB), up 8.3% and Inuvo ( INUV), up 8.2% , were all gainers within the services sector with Whole Foods Market ( WFM) being today's featured services sector leader.

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).

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

Fishing for Acquisition Candidates in a Shallow Deep-Value Pond

Is Kulicke & Soffa a Buyout Candidate?

David Einhorn Cashed Out of These 9 Stocks

Heavy Early Morning Activity On Ingram Micro (IM)

Strong And Under The Radar Today: Ingram Micro (IM)