4 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 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,592 issues advancing vs. 1,268 declining with 151 unchanged.The Services sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include J.C. Penney (JCP), down 15.7%, Cablevision Systems (CVC), down 10.2%, Sears Holdings Corporation (SHLD), down 5.5%, Pandora Media (P), down 5.3% and Kohl's (KSS), down 1.7%. Top gainers within the sector include Limited Brands (LTD), up 3.5%, Luxottica Group (LUX), up 2.1%, Fleetcor Technologies (FLT), up 2.4%, Canadian National Railway (CNI), up 1.5% and Expeditors International of Washington (EXPD), up 1.6%.TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:4. LKQ Corporation (LKQ) is one of the companies pushing the Services sector lower today. As of noon trading, LKQ Corporation is down $1.51 (-6.6%) to $21.42 on heavy volume Thus far, 2.7 million shares of LKQ Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $20.72-$22.24 after having opened the day at $22.00 as compared to the previous trading day's close of $22.93. LKQ Corporation, together with its subsidiaries, provides replacement parts, components, and systems needed to repair vehicles, primarily cars and trucks in the United States, the United Kingdom, Canada, Mexico, and Central America. LKQ Corporation has a market cap of $6.6 billion and is part of the automotive industry. The company has a P/E ratio of 26.3, above the S&P 500 P/E ratio of 17.7. Shares are up 6.0% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate LKQ Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.TheStreet Ratings rates LKQ Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full LKQ Corporation Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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