5 Stocks Pushing The Services Sector Lower
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 modelAll three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.The Services sector currently sits up 0.1% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Zale Corporation (ZLC), down 29.2%, Scholastic Corporation (SCHL), down 18.5%, Sears Holdings Corporation (SHLD), down 4.0%, Dreamworks Animation SKG (DWA), down 4.5% and Gol Intelligent Airlines (GOL), down 4.2%. Top gainers within the sector include Infinity Pharmaceuticals (INFI), up 9.6%, Lender Processing Services (LPS), up 2.8%, KBR (KBR), up 2.8%, AECOM Technology Corporation (ACM), up 2.8% and Delhaize Group (DEG), up 2.4%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. Sysco Corporation (SYY) is one of the companies pushing the Services sector lower today. As of noon trading, Sysco Corporation is down $0.19 (-0.6%) to $30.27 on light volume Thus far, 830,292 shares of Sysco Corporation exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $30.24-$30.50 after having opened the day at $30.38 as compared to the previous trading day's close of $30.46. Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily to the foodservice or food-away-from-home industry. Sysco Corporation has a market cap of $17.9 billion and is part of the wholesale industry. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Sysco Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.TheStreet Ratings rates Sysco Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sysco Corporation Ratings Report now.Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade
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