3 Stocks Dragging In The Services Sector
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 87 points (0.5%) at 17,750 as of Monday, Nov. 2, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,154 issues advancing vs. 798 declining with 159 unchanged.
The Services sector currently sits up 0.6% versus the S&P 500, which is up 0.7%. On the negative front, top decliners within the sector include
(
), down 8.1%,
(
), down 6.4%,
(
), down 3.7%,
(
), down 3.1% and
(
), down 2.5%. Top gainers within the sector include
(
), up 4.7%,
(
), up 4.2%,
(
), up 3.4%,
(
), up 3.3% and
(
), up 2.8%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Services sector lower today. As of noon trading, Ross Stores is down $0.52 (-1.0%) to $50.06 on light volume. Thus far, 1.0 million shares of Ross Stores exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $49.48-$50.93 after having opened the day at $50.25 as compared to the previous trading day's close of $50.58.
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Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. It primarily offers apparel, accessories, footwear, and home fashions. Ross Stores has a market cap of $20.5 billion and is part of the retail industry. Shares are up 7.3% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Ross Stores a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Ross Stores
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
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2. As of noon trading,
(
) is down $0.60 (-1.4%) to $40.66 on light volume. Thus far, 2.4 million shares of Sysco exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $40.20-$41.19 after having opened the day at $40.98 as compared to the previous trading day's close of $41.25.
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Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. Sysco has a market cap of $24.9 billion and is part of the wholesale industry. Shares are up 3.9% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Sysco a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Sysco
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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1. As of noon trading,
(
) is down $0.67 (-0.6%) to $107.71 on light volume. Thus far, 5.4 million shares of Netflix exchanged hands as compared to its average daily volume of 22.2 million shares. The stock has ranged in price between $106.30-$109.37 after having opened the day at $109.20 as compared to the previous trading day's close of $108.38.
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Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. Netflix has a market cap of $44.9 billion and is part of the media industry. Shares are up 122.1% year-to-date as of the close of trading on Friday. Currently there are 17 analysts that rate Netflix a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Netflix
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. 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
(
).