5 Stocks Pushing The Services Sector Higher
TheStreet Ratings group would like to highlight 5 stocks pushing the services sector higher today, Nov. 14, 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged. The Services sector currently sits down 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Abercrombie & Fitch ( ANF), up 27.3%, Dollar General Corporation ( DG), up 1.5%, Whirlpool Corporation ( WHR), up 1.3%, Kohl's ( KSS), up 1.0% and Directv ( DTV), up 0.5%. On the negative front, top decliners within the sector include Ryanair Holdings ( RYAAY), down 5.3%, Delta Air Lines ( DAL), down 3.2%, United Continental Holdings ( UAL), down 2.6%, eBay ( EBAY), down 1.6% and Sirius XM Radio ( SIRI), down 1.8%. TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today: 5. Staples ( SPLS) is one of the companies pushing the Services sector higher today. As of noon trading, Staples is up $0.36 (3.2%) to $11.61 on average volume Thus far, 9.5 million shares of Staples exchanged hands as compared to its average daily volume of 14.2 million shares. The stock has ranged in price between $11.44-$11.83 after having opened the day at $11.75 as compared to the previous trading day's close of $11.25. Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. Staples has a market cap of $7.6 billion and is part of the specialty retail industry. The company has a P/E ratio of 8.4, below the S&P 500 P/E ratio of 17.7. Shares are down 20.2% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Staples a buy, 1 analyst rates it a sell, and 8 rate it a hold. TheStreet Ratings rates Staples as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. Get the full Staples 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.