MGM Resorts International (MGM): 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.

MGM Resorts International ( MGM) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.6%. By the end of trading, MGM Resorts International fell $0.64 (-2.7%) to $23.02 on heavy volume. Throughout the day, 17,127,232 shares of MGM Resorts International exchanged hands as compared to its average daily volume of 10,326,800 shares. The stock ranged in price between $22.52-$23.69 after having opened the day at $23.67 as compared to the previous trading day's close of $23.66. Other companies within the Services sector that declined today were: Newlead Holdings ( NEWL), down 20.4%, YOU On Demand Holdings ( YOD), down 12.3%, InfoSonics ( IFON), down 12.1% and Wayside Technology Group ( WSTG), down 11.5%.

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 $12.0 billion and is part of the leisure industry. Shares are up 0.6% year to date as of the close of trading on Friday. Currently there are 13 analysts that 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.

On the positive front, Susser Holdings ( SUSS), up 36.3%, Furiex Pharmaceuticals ( FURX), up 28.6%, Susser Petroleum Partners ( SUSP), up 22.0% and JC Penney ( JCP), up 9.0% , were all gainers within the services sector with Wal-Mart Stores ( WMT) 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).

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