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Diversified Services Stocks On The Rise With Help From 3 Stocks

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 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Diversified Services industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include ExamWorks Group ( EXAM), up 9.3%, Heartland Payment Systems ( HPY), up 7.8%, Team Health Holdings ( TMH), up 6.5%, Booz Allen Hamilton ( BAH), up 6.0% and WEX ( WEX), up 4.4%.

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

3. Mercadolibre ( MELI) is one of the companies pushing the Diversified Services industry higher today. As of noon trading, Mercadolibre is up $3.06 (3.4%) to $94.01 on light volume. Thus far, 241,792 shares of Mercadolibre exchanged hands as compared to its average daily volume of 664,400 shares. The stock has ranged in price between $91.15-$94.22 after having opened the day at $91.57 as compared to the previous trading day's close of $90.95.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online e-commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. Mercadolibre has a market cap of $4.0 billion and is part of the services sector. Shares are down 15.6% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Mercadolibre a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mercadolibre 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, notable return on equity, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Mercadolibre 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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