3 Stocks Underperforming Today In The Services Sector
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 123 points (0.8%) at 15,622 as of Thursday, Aug. 1, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,947 issues advancing vs. 1,011 declining with 90 unchanged.The Services sector currently sits up 1.5% versus the S&P 500, which is up 1.0%. Top gainers within the sector include Ctrip.com International (CTRP), up 18.3%, Zillow (Z), up 15.2%, LKQ Corporation (LKQ), up 10.8%, MasterCard Incorporated (MA), up 4.8% and J.B. Hunt Transport Services (JBHT), up 4.1%.TheStreet would like to highlight 3 stocks pushing the sector lower today:3. Sally Beauty Holdings (SBH) is one of the companies pushing the Services sector lower today. As of noon trading, Sally Beauty Holdings is down $3.18 (-10.4%) to $27.33 on heavy volume. Thus far, 8.0 million shares of Sally Beauty Holdings exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $27.02-$29.24 after having opened the day at $28.96 as compared to the previous trading day's close of $30.51. Sally Beauty Holdings, Inc., through its subsidiaries, engages in the distribution and retail of professional beauty supplies primarily in North America, South America, and Europe. The company operates in two segments, Sally Beauty Supply and Beauty Systems Group. Sally Beauty Holdings has a market cap of $5.2 billion and is part of the specialty retail industry. Shares are up 29.4% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Sally Beauty Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.TheStreet Ratings rates Sally Beauty Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sally Beauty Holdings Ratings Report now.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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