3 Stocks Dragging The Services Sector Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.
The Services sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include
(
), down 7.6%,
(
), down 2.6%,
(
), down 1.9%,
(
), down 1.7% and
(
), down 1.7%. Top gainers within the sector include
(
), up 6.5%,
(
), up 6.1%,
(
), up 5.4%,
(
), up 1.6% and
(
), up 1.1%.
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, Wynn Resorts is down $2.24 (-2.3%) to $94.26 on average volume. Thus far, 1.1 million shares of Wynn Resorts exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $93.97-$96.48 after having opened the day at $96.38 as compared to the previous trading day's close of $96.50.
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Wynn Resorts, Limited, together with its subsidiaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations. The company operates Wynn Macau and Encore at Wynn Macau resort located in the People's Republic of China. Wynn Resorts has a market cap of $9.1 billion and is part of the leisure industry. Shares are up 39.5% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Wynn Resorts a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Wynn Resorts
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
now.
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2. As of noon trading,
(
) is down $0.41 (-0.5%) to $77.85 on light volume. Thus far, 1.3 million shares of Time Warner exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $77.40-$78.47 after having opened the day at $78.20 as compared to the previous trading day's close of $78.26.
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Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. Time Warner has a market cap of $61.3 billion and is part of the media industry. Shares are up 21.0% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Time Warner a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Time Warner
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. 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 down $1.38 (-1.0%) to $133.46 on average volume. Thus far, 2.4 million shares of Home Depot exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $133.10-$135.20 after having opened the day at $134.84 as compared to the previous trading day's close of $134.84.
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The Home Depot, Inc. operates as a home improvement retailer. Home Depot has a market cap of $167.1 billion and is part of the retail industry. Shares are up 2.0% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Home Depot a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Home Depot
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. 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
(
).