4 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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 34 points (-0.2%) at 14,831 as of Friday, April 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 825 issues advancing vs. 2,080 declining with 130 unchanged.The Services sector currently sits down 0.40 versus the S&P 500, which is down 0.51. Top gainers within the sector include Liberty Media Corporation (LMCA), up 2.6%, Chipotle Mexican Grill (CMG), up 2.3%, Home Depot (HD), up 2.1%, McDonald's Corporation (MCD), up 1.3% and CSX (CSX), up 1.2%. On the negative front, top decliners within the sector include J.B. Hunt Transport Services (JBHT), down 2.99, CH Robinson Worldwide (CHRW), down 2.95, Shaw Communications (SJR), down 2.83, Michael Kors Holdings (KORS), down 2.44 and MasterCard Incorporated (MA), down 1.86.TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:4. Sinclair Broadcast Group (SBGI) is one of the companies pushing the Services sector higher today. As of noon trading, Sinclair Broadcast Group is up $3.34 (14.10) to $27.03 on heavy volume Thus far, 4.2 million shares of Sinclair Broadcast Group exchanged hands as compared to its average daily volume of 911,700 shares. The stock has ranged in price between $22.90-$27.48 after having opened the day at $23.00 as compared to the previous trading day's close of $23.69. Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. Sinclair Broadcast Group has a market cap of $1.2 billion and is part of the media industry. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are up 87.7% year to date as of the close of trading on Thursday.TheStreet Ratings rates Sinclair Broadcast Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and compelling growth in net income. 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 Sinclair Broadcast Group Ratings Report now.Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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