3 Stocks Dragging In The Leisure Industry

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 66 points (-0.4%) at 16,378 as of Thursday, Aug. 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,660 declining with 123 unchanged.

The Leisure industry currently is unchanged today versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Las Vegas Sands ( LVS), down 3.0%, and Wynn Resorts ( WYNN), down 1.2%.

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

3. Royal Caribbean Cruises ( RCL) is one of the companies pushing the Leisure industry lower today. As of noon trading, Royal Caribbean Cruises is down $0.70 (-1.1%) to $60.33 on average volume. Thus far, 1.1 million shares of Royal Caribbean Cruises exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $60.28-$61.94 after having opened the day at $61.00 as compared to the previous trading day's close of $61.03.

Royal Caribbean Cruises, Ltd. operates as a cruise company worldwide. It owns six cruise brands comprising Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France, and TUI Cruises. Royal Caribbean Cruises has a market cap of $13.5 billion and is part of the services sector. Shares are up 28.7% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Royal Caribbean Cruises a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Royal Caribbean Cruises as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Royal Caribbean Cruises Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, Melco Crown Entertainment ( MPEL) is down $1.05 (-3.5%) to $28.97 on heavy volume. Thus far, 7.6 million shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $27.42-$29.71 after having opened the day at $28.30 as compared to the previous trading day's close of $30.02.

Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. Melco Crown Entertainment has a market cap of $17.7 billion and is part of the services sector. Shares are down 23.5% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Melco Crown Entertainment a buy, no analysts rate it a sell, and 1 rates 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Melco Crown Entertainment Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, MGM Resorts International ( MGM) is down $0.40 (-1.6%) to $24.74 on heavy volume. Thus far, 5.7 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $24.70-$25.25 after having opened the day at $24.88 as compared to the previous trading day's close of $25.14.

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 $12.7 billion and is part of the services sector. Shares are up 6.9% year-to-date as of the close of trading on Wednesday. Currently there are 12 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, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full MGM Resorts International Ratings Report now.

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 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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