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 modelOne out of the three major indices are trading lower 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%. 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%. 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%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. CBS Corporation (CBS) is one of the companies pushing the Services sector lower today. As of noon trading, CBS Corporation is down $0.32 (-0.9%) to $35.52 on light volume Thus far, 2.7 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $35.30-$35.95 after having opened the day at $35.89 as compared to the previous trading day's close of $35.84. CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. CBS Corporation has a market cap of $21.1 billion and is part of the media industry. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are up 31.2% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full CBS Corporation Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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