5 Stocks Improving Performance Of 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 15 points (0.1%) at 16,035 as of Monday, Dec. 9, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,397 declining with 175 unchanged.The Services sector currently sits down 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Sysco Corporation (SYY), up 11.9%, Melco Crown Entertainment (MPEL), up 3.4%, Grupo Televisa S.A.B (TV), up 2.5%, MGM Resorts International (MGM), up 2.5% and CarMax (KMX), up 1.6%. On the negative front, top decliners within the sector include Restoration Hardware Holdings (RH), down 4.4%, Sears Holdings Corporation (SHLD), down 2.4%, Ulta Salon Cosmetics & Fragrances (ULTA), down 2.4%, L Brands (LTD), down 1.4% and Whole Foods Market (WFM), down 0.9%.TheStreet would like to highlight 5 stocks pushing the sector higher today:5. Wynn Resorts (WYNN) is one of the companies pushing the Services sector higher today. As of noon trading, Wynn Resorts is up $5.38 (3.1%) to $178.54 on heavy volume. Thus far, 1.2 million shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $173.50-$178.94 after having opened the day at $173.50 as compared to the previous trading day's close of $173.16. Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. Wynn Resorts has a market cap of $17.3 billion and is part of the leisure industry. The company has a P/E ratio of 27.7, above the S&P 500 P/E ratio of 17.7. Shares are up 52.4% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Wynn Resorts a buy, no analysts rate it a sell, and 7 rate it a hold.TheStreet Ratings rates Wynn Resorts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Wynn Resorts Ratings Report now.3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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