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

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Services sector currently sits up 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Best Buy (BBY), up 14.8%, United Continental Holdings (UAL), up 5.3%, Delta Air Lines (DAL), up 3.9%, J.C. Penney (JCP), up 3.7% and Staples (SPLS), up 2.0%. On the negative front, top decliners within the sector include Expedia (EXPE), down 2.4%, O'Reilly Automotive (ORLY), down 1.8%, Royal Caribbean Cruises (RCL), down 1.4%, Fidelity National Information Services (FIS), down 1.2% and Moody's Corporation (MCO), down 1.0%.

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 $0.72 (1.2%) to $61.26 on average volume Thus far, 1.7 million shares of Target exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $60.56-$61.27 after having opened the day at $60.63 as compared to the previous trading day's close of $60.54.

Target Corporation operates general merchandise stores in the United States. Target has a market cap of $40.0 billion and is part of the retail industry. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 19.9% year to date as of the close of trading on Wednesday. Currently there are 12 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, increase in net income and good cash flow from operations. 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.

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