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5 Stocks Dragging The Services Sector Downward

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 down today with the Dow Jones Industrial Average (^DJI) trading down 41 points (-0.3%) at 14,800 as of Friday, Aug. 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 850 issues advancing vs. 2,040 declining with 117 unchanged.

The Services sector currently sits down 1.0% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Krispy Kreme Doughnuts (KKD), down 14.0%, Avnet (AVT), down 2.6%, Delhaize Group (DEG), down 2.5%, Luxottica Group (LUX), down 2.0% and Hertz Global Holdings (HTZ), down 1.7%. Top gainers within the sector include LATAM Airlines Group S.A (LFL), up 2.0%, Delta Air Lines (DAL), up 1.7%, Michael Kors Holdings (KORS), up 1.0%, United Continental Holdings (UAL), up 1.2% and Time Warner Cable (TWC), up 0.7%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Time Warner (TWX) is one of the companies pushing the Services sector lower today. As of noon trading, Time Warner is down $0.44 (-0.7%) to $60.56 on light volume. Thus far, 1.0 million shares of Time Warner exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $60.48-$61.12 after having opened the day at $61.10 as compared to the previous trading day's close of $61.00.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. The Networks segment consists of Turner Broadcasting System, Inc. and Home Box Office, Inc. Time Warner has a market cap of $56.1 billion and is part of the media industry. Shares are up 27.5% year to date as of the close of trading on Thursday. Currently there are 17 analysts that rate Time Warner a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Time Warner as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth 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 Time Warner 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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