3 Services Stocks Driving The Sector Higher
Two out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading down 27 points (-0.1%) at 18,429 as of Friday, July 29, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,872 issues advancing vs. 1,043 declining with 148 unchanged.
The Services sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include
(
), up 14.8%,
(
), up 11.5%,
(
), up 8.7%,
(
), up 2.1% and
(
), up 2.1%. On the negative front, top decliners within the sector include
(
), down 6.1%,
(
), down 3.3%,
(
), down 2.8%,
(
), down 1.6% and
(
), down 1.6%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Services sector higher today. As of noon trading, Live Nation Entertainment is up $2.09 (8.1%) to $27.83 on heavy volume. Thus far, 1.8 million shares of Live Nation Entertainment exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $26.84-$28.10 after having opened the day at $26.84 as compared to the previous trading day's close of $25.74.
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Live Nation Entertainment, Inc. operates as a live entertainment company. The company operates through Concerts, Ticketing, Artist Nation, and Sponsorship & Advertising segments. Live Nation Entertainment has a market cap of $5.3 billion and is part of the media industry. Shares are up 4.8% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Live Nation Entertainment a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Live Nation Entertainment
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself. Get the full
Live Nation Entertainment Ratings Report
now.
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2. As of noon trading,
(
) is up $0.78 (2.3%) to $34.40 on light volume. Thus far, 1.1 million shares of LKQ exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $33.63-$34.51 after having opened the day at $33.66 as compared to the previous trading day's close of $33.62.
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LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in the United States, the United Kingdom, and internationally. It operates in three segments: North America, Europe, and Specialty. LKQ has a market cap of $10.5 billion and is part of the automotive industry. Shares are up 13.5% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate LKQ a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
LKQ
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
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1. As of noon trading,
(
) is up $0.51 (1.7%) to $30.73 on light volume. Thus far, 1.6 million shares of Liberty Global exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $30.08-$30.87 after having opened the day at $30.38 as compared to the previous trading day's close of $30.22.
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Liberty Global plc, together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, and Puerto Rico. Liberty Global has a market cap of $28.5 billion and is part of the media industry. Shares are down 25.9% year-to-date as of the close of trading on Thursday.
TheStreet Ratings rates
Liberty Global
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the services sector could consider
iShares Dow Jones US Cons Services
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).