3 Stocks Pushing The Services Sector Downward

TheStreet highlights 3 stocks pushing the services sector lower today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 8 points (0.0%) at 18,524 as of Monday, July 18, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,660 issues advancing vs. 1,244 declining with 151 unchanged.

The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include

JB Hunt Transport Services

(

JBHT

), down 3.7%,

Genpact

(

G

), down 3.0%,

HD Supply Holdings

(

HDS

), down 1.9%,

Alliance Data Systems

(

ADS

), down 1.1% and

CBS

(

CBS.A

), down 0.8%. Top gainers within the sector include

GameStop

(

GME

), up 7.3%,

Burlington Stores

(

BURL

), up 6.8%,

Wynn Resorts

(

WYNN

), up 3.6%,

Restaurant Brands International

(

QSR

), up 3.2% and

Cencosud

(

CNCO

), up 2.5%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3.

CBS

(

CBS

) is one of the companies pushing the Services sector lower today. As of noon trading, CBS is down $0.74 (-1.3%) to $55.11 on average volume. Thus far, 2.1 million shares of CBS exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $55.11-$55.96 after having opened the day at $55.90 as compared to the previous trading day's close of $55.85.

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CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. CBS has a market cap of $26.2 billion and is part of the media industry. Shares are up 18.5% year-to-date as of the close of trading on Friday. Currently there are 17 analysts that rate CBS a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

CBS

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and good cash flow from operations. 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

CBS Ratings Report

now.

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2. As of noon trading,

Time Warner

(

TWX

) is down $0.56 (-0.7%) to $78.08 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 $77.96-$78.48 after having opened the day at $78.43 as compared to the previous trading day's close of $78.64.

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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 $61.8 billion and is part of the media industry. Shares are up 21.6% year-to-date as of the close of trading on Friday. 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

buy

. 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

Time Warner Ratings Report

now.

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1. As of noon trading,

McKesson

(

MCK

) is down $0.99 (-0.5%) to $196.15 on light volume. Thus far, 377,964 shares of McKesson exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $196.07-$197.93 after having opened the day at $197.30 as compared to the previous trading day's close of $197.14.

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McKesson Corporation operates as a pharmaceutical distribution services and information technology company in the United States and internationally. It offers pharmaceuticals and medical supplies, and services for healthcare operations. McKesson has a market cap of $44.6 billion and is part of the wholesale industry. Shares are down 0.1% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate McKesson a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

McKesson

as a

buy

. 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 good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

McKesson Ratings Report

now.

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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

(

IYC

) while those bearish on the services sector could consider

ProShares Ultra Short Consumer Sers

(

SCC

).

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