3 Stocks Pushing The Services Sector Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 163 points (-0.9%) at 17,539 as of Thursday, Nov. 12, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 691 issues advancing vs. 2,260 declining with 136 unchanged.
The Services sector currently sits down 0.6% versus the S&P 500, which is down 0.7%. On the negative front, top decliners within the sector include
(
), down 20.5%,
(
), down 12.8%,
(
), down 3.2%,
(
), down 1.9% and
(
), down 1.7%. Top gainers within the sector include
(
), up 4.2%,
(
), up 3.9%,
(
), up 1.6%,
(
), up 1.3% and
(
), up 1.3%.
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, eBay is down $0.34 (-1.2%) to $28.60 on light volume. Thus far, 4.0 million shares of eBay exchanged hands as compared to its average daily volume of 14.3 million shares. The stock has ranged in price between $28.58-$28.92 after having opened the day at $28.67 as compared to the previous trading day's close of $28.95.
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eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise. eBay has a market cap of $35.0 billion and is part of the specialty retail industry. Shares are up 22.6% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate eBay a buy, 1 analyst rates it a sell, and 17 rate it a hold.
TheStreet Ratings rates
eBay
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally higher debt management risk. Get the full
now.
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2. As of noon trading,
(
) is down $1.42 (-1.5%) to $93.43 on average volume. Thus far, 3.4 million shares of CVS Health exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $92.76-$94.60 after having opened the day at $94.22 as compared to the previous trading day's close of $94.85.
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CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. CVS Health has a market cap of $108.3 billion and is part of the health services industry. Shares are down 1.5% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts that rate CVS Health a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
CVS Health
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
now.
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1. As of noon trading,
(
) is down $0.34 (-0.6%) to $57.24 on light volume. Thus far, 3.3 million shares of Wal-Mart Stores exchanged hands as compared to its average daily volume of 12.5 million shares. The stock has ranged in price between $57.21-$57.77 after having opened the day at $57.65 as compared to the previous trading day's close of $57.58.
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Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. Wal-Mart Stores has a market cap of $188.1 billion and is part of the retail industry. Shares are down 33.0% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Wal-Mart Stores a buy, 1 analyst rates it a sell, and 17 rate it a hold.
TheStreet Ratings rates
Wal-Mart Stores
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow. Get the full
Wal-Mart Stores 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
(
).