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3 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Services sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Canadian Pacific Railway ( CP), up 2.9%, Kansas City Southern ( KSU), up 1.7%, Rockwell Automation ( ROK), up 1.2%, W.W. Grainger ( GWW), up 0.8% and Canadian National Railway ( CNI), up 0.2%. On the negative front, top decliners within the sector include LATAM Airlines Group S.A ( LFL), down 3.1%, Royal Philips ( PHG), down 2.9%, Liberty Global ( LBTYK), down 2.4%, Southwest Airlines ( LUV), down 2.0% and Melco Crown Entertainment ( MPEL), down 2.2%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Luxottica Group ( LUX) is one of the companies pushing the Services sector higher today. As of noon trading, Luxottica Group is up $0.22 (0.4%) to $53.23 on light volume. Thus far, 23,192 shares of Luxottica Group exchanged hands as compared to its average daily volume of 85,100 shares. The stock has ranged in price between $53.23-$53.75 after having opened the day at $53.46 as compared to the previous trading day's close of $53.01.

Luxottica Group S.p.A., together with its subsidiaries, provides luxury and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. Luxottica Group has a market cap of $24.7 billion and is part of the retail industry. The company has a P/E ratio of 44.9, above the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Luxottica Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Luxottica Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. 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 Luxottica Group 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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