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 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%. 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%. 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%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. Macy's (M) is one of the companies pushing the Services sector lower today. As of noon trading, Macy's is down $0.22 (-0.6%) to $38.64 on light volume Thus far, 1.2 million shares of Macy's exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $38.55-$39.05 after having opened the day at $38.85 as compared to the previous trading day's close of $38.86. Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its retail stores and Internet Web sites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. Macy's has a market cap of $15.4 billion and is part of the retail industry. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 20.8% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Macy's a buy, no analysts rate it a sell, and 4 rate it a hold.TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and growth in earnings per share. 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 Macy's 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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