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 32 points (0.2%) at 14,286 as of Wednesday, March 6, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,509 issues advancing vs. 1,334 declining with 158 unchanged.

The Services sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the sector include CTC Media (CTCM), up 12.2%, Charter Communications (CHTR), up 2.8%, Las Vegas Sands (LVS), up 2.7%, MGM Resorts International (MGM), up 1.8% and Yum Brands (YUM), up 1.8%. On the negative front, top decliners within the sector include Fresh Market (TFM), down 9.8%, eBay (EBAY), down 3.0%, Luxottica Group (LUX), down 2.2%, Grupo Televisa S.A (TV), down 2.1% and CSX (CSX), down 1.3%.

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

5. Best Buy (BBY) is one of the companies pushing the Services sector higher today. As of noon trading, Best Buy is up $0.60 (3.2%) to $19.00 on heavy volume Thus far, 10.3 million shares of Best Buy exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $18.93-$19.50 after having opened the day at $19.29 as compared to the previous trading day's close of $18.40.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $6.0 billion and is part of the retail industry. The company has a P/E ratio of 6.8, below the S&P 500 P/E ratio of 17.7. Shares are up 55.3% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Best Buy a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Best Buy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. Get the full Best Buy Ratings Report now.

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