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3 Stocks Pushing The Health Services 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 91 points (-0.5%) at 16,894 as of Thursday, July 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 864 issues advancing vs. 2,123 declining with 163 unchanged.

The Health Services industry currently sits down 0.7% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Mettler-Toledo International ( MTD), down 1.1%, St Jude Medical ( STJ), down 0.9%, Intuitive Surgical ( ISRG), down 0.9%, Agilent Technologies ( A), down 0.8% and UnitedHealth Group ( UNH), down 0.8%.

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

3. Waters ( WAT) is one of the companies pushing the Health Services industry lower today. As of noon trading, Waters is down $1.04 (-1.0%) to $102.49 on light volume. Thus far, 104,738 shares of Waters exchanged hands as compared to its average daily volume of 607,800 shares. The stock has ranged in price between $101.41-$102.63 after having opened the day at $102.01 as compared to the previous trading day's close of $103.53.

Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. Waters has a market cap of $8.8 billion and is part of the health care sector. Shares are up 3.5% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Waters a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Waters 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, reasonable valuation levels, expanding profit margins 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 Waters 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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