5 Stocks Pushing The Services Sector Higher
TheStreet Ratings group would like to highlight 5 stocks pushing the services sector higher today, Nov. 13, 2012.Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged. The Services sector currently sits up 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Dick's Sporting Goods ( DKS), up 5.0%, Home Depot ( HD), up 4.4%, Luxottica Group ( LUX), up 2.3%, Ross Stores ( ROST), up 2.2% and O'Reilly Automotive ( ORLY), up 1.9%. A company within the sector that fell today was KAR Auction Services ( KAR), up 7.7%. TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today: 5. Target ( TGT) is one of the companies pushing the Services sector higher today. As of noon trading, Target is up $0.74 (1.2%) to $62.72 on light volume Thus far, 1.4 million shares of Target exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $61.65-$62.92 after having opened the day at $61.87 as compared to the previous trading day's close of $61.98. Target Corporation operates general merchandise stores in the United States. Target has a market cap of $40.6 billion and is part of the retail industry. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 21.1% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Target a buy, no analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates Target as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and notable return on equity. 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 Target Ratings Report now.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.