3 Stocks Raising The Services Sector Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 41 points (-0.2%) at 18,075 as of Tuesday, March 24, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,371 issues advancing vs. 1,586 declining with 175 unchanged.
The Services sector currently sits up 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the sector include
(
), up 3.4%,
(
), up 1.8%,
(
), up 1.7%,
(
), up 1.6% and
(
), up 1.6%. On the negative front, top decliners within the sector include
(
), down 1.6%,
(
), down 1.4%,
Starwood Hotels & Resorts Worldwide
(
), down 1.3%,
(
), down 1.0% and
(
), down 0.9%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Services sector higher today. As of noon trading, Costco Wholesale is up $0.84 (0.6%) to $153.77 on light volume. Thus far, 803,921 shares of Costco Wholesale exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $152.89-$154.23 after having opened the day at $152.95 as compared to the previous trading day's close of $152.93.
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Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. Costco Wholesale has a market cap of $67.1 billion and is part of the retail industry. Shares are up 7.9% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Costco Wholesale a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Costco Wholesale
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
Costco Wholesale Ratings Report
now.
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2. As of noon trading,
(
) is up $0.64 (0.8%) to $81.87 on average volume. Thus far, 2.3 million shares of Target exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $80.91-$82.12 after having opened the day at $81.03 as compared to the previous trading day's close of $81.23.
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Target Corporation operates general merchandise stores in the United States and Canada. Target has a market cap of $52.2 billion and is part of the retail industry. Shares are up 7.0% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Target a buy, 2 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Target
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, attractive valuation levels and good cash flow from operations. We feel these 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 up $15.50 (3.6%) to $440.50 on heavy volume. Thus far, 1.7 million shares of Netflix exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $427.83-$441.69 after having opened the day at $427.95 as compared to the previous trading day's close of $425.00.
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.
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 $25.9 billion and is part of the media industry. Shares are up 24.4% year-to-date as of the close of trading on Monday. Currently there are 15 analysts who rate Netflix a buy, 2 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Netflix
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including premium valuation, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. 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
(
).
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