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3 Stocks Pushing The Retail Industry 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 37 points (-0.2%) at 16,809 as of Friday, June 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,843 issues advancing vs. 1,114 declining with 177 unchanged.

The Retail industry currently sits up 0.5% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was L Brands ( LB), up 1.5%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Luxottica Group SpA ( LUX) is one of the companies pushing the Retail industry lower today. As of noon trading, Luxottica Group SpA is down $0.40 (-0.7%) to $57.60 on average volume. Thus far, 24,550 shares of Luxottica Group SpA exchanged hands as compared to its average daily volume of 56,100 shares. The stock has ranged in price between $57.58-$57.98 after having opened the day at $57.65 as compared to the previous trading day's close of $58.00.

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 SpA has a market cap of $27.9 billion and is part of the services sector. Shares are up 7.6% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Luxottica Group SpA a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Luxottica Group SpA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Luxottica Group SpA 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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