5 Stocks Pushing The Services Sector Higher

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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 67 points (0.5%) at 13,019 as of Wednesday, Dec. 5, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,464 issues advancing vs. 1,407 declining with 149 unchanged.

The Services sector currently sits down 0.1% versus the S&P 500, which is up 0.0%. Top gainers within the sector include Heartland Express (HTLD), up 9.6%, Buckle Incorporated (BKE), up 6.3%, Dillards (DDS), up 4.7%, Canadian Pacific Railway (CP), up 4.3% and Gap (GPS), up 2.5%. On the negative front, top decliners within the sector include Pandora Media (P), down 17.0%, New Oriental Education & Technology Group I (EDU), down 4.5%, Penn National Gaming (PENN), down 2.9%, J.C. Penney (JCP), down 2.7% and Netflix (NFLX), down 3.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Whole Foods Market (WFM) is one of the companies pushing the Services sector higher today. As of noon trading, Whole Foods Market is up $0.51 (0.6%) to $92.58 on light volume Thus far, 545,893 shares of Whole Foods Market exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $91.97-$92.82 after having opened the day at $92.28 as compared to the previous trading day's close of $92.07.

Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. Whole Foods Market has a market cap of $17.1 billion and is part of the retail industry. The company has a P/E ratio of 36.7, above the S&P 500 P/E ratio of 17.7. Shares are up 32.8% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Whole Foods Market a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Whole Foods Market as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Whole Foods Market Ratings Report now.

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