3 Stocks Dragging The Leisure Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Leisure industry currently sits down 0.4% versus the S&P 500, which is unchanged. A company within the industry that fell today was McDonald's ( MCD), up 1.2%. A company within the industry that increased today was Wynn Resorts ( WYNN), up 1.1%.

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

3. Carnival ( CCL) is one of the companies pushing the Leisure industry lower today. As of noon trading, Carnival is down $0.35 (-0.9%) to $39.30 on light volume. Thus far, 837,390 shares of Carnival exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $39.25-$39.62 after having opened the day at $39.56 as compared to the previous trading day's close of $39.65.

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 $23.7 billion and is part of the services sector. Shares are down 0.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Carnival a buy, 1 analyst rates 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 solid stock price performance. 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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