3 Stocks Dragging The Services Sector Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 89 points (0.5%) at 17,572 as of Tuesday, Nov. 17, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,176 declining with 187 unchanged.
The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. A company within the sector that fell today was
(
), up 1.6%. Top gainers within the sector include
(
), up 7.4%,
(
), up 4.9%,
(
), up 4.6%,
(
), up 4.4% and
(
), up 4.0%.
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, Dick's Sporting Goods is down $4.68 (-11.5%) to $36.13 on heavy volume. Thus far, 14.4 million shares of Dick's Sporting Goods exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $33.42-$36.46 after having opened the day at $34.35 as compared to the previous trading day's close of $40.81.
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.
Dick's Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. Dick's Sporting Goods has a market cap of $3.9 billion and is part of the specialty retail industry. Shares are down 17.8% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Dick's Sporting Goods a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Dick's Sporting Goods
as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. Get the full
Dick's Sporting Goods Ratings Report
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.
2. As of noon trading,
(
) is down $10.70 (-6.6%) to $152.28 on heavy volume. Thus far, 399,849 shares of AthenaHealth exchanged hands as compared to its average daily volume of 483,300 shares. The stock has ranged in price between $150.43-$158.25 after having opened the day at $158.10 as compared to the previous trading day's close of $162.98.
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.
athenahealth, Inc., together with its subsidiaries, operates as a business services company that provides ongoing billing, clinical-related, and other related services to medical group practices and health systems in the United States. AthenaHealth has a market cap of $6.3 billion and is part of the computer software & services industry. Shares are up 11.9% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate AthenaHealth a buy, 2 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
AthenaHealth
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including premium valuation 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.
1. As of noon trading,
(
) is down $1.50 (-1.7%) to $86.80 on average volume. Thus far, 1.3 million shares of Norfolk Southern exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $84.11-$88.23 after having opened the day at $88.23 as compared to the previous trading day's close of $88.30.
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.
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated approximately 20,000 miles of road in 22 states and the District of Columbia. Norfolk Southern has a market cap of $26.6 billion and is part of the transportation industry. Shares are down 19.4% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate Norfolk Southern a buy, 3 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Norfolk Southern
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Norfolk Southern Ratings Report
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
(
).