3 Leisure Stocks Pushing Industry Growth

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Leisure industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was MGM Resorts International ( MGM), up 0.7%.

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

3. Tim Hortons ( THI) is one of the companies pushing the Leisure industry higher today. As of noon trading, Tim Hortons is up $0.62 (1.1%) to $55.62 on average volume. Thus far, 67,732 shares of Tim Hortons exchanged hands as compared to its average daily volume of 150,500 shares. The stock has ranged in price between $55.03-$55.62 after having opened the day at $55.09 as compared to the previous trading day's close of $55.00.

Tim Hortons Inc. develops and franchises quick service restaurants primarily in Canada and the United States. Tim Hortons has a market cap of $7.4 billion and is part of the services sector. Shares are down 5.8% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Tim Hortons a buy, no analysts rate it a sell, and none rate it a hold.

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

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