FDX, LUV And NFLX, 3 Services Stocks Pushing The Sector Lower
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 1 points (0.0%) at 18,534 as of Tuesday, July 19, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,061 issues advancing vs. 1,832 declining with 165 unchanged.
The Services sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include
(
), down 3.8%,
(
), down 2.4%,
(
), down 1.8% and
(
), down 1.5%.
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, FedEx is down $1.20 (-0.8%) to $159.56 on light volume. Thus far, 308,819 shares of FedEx exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $159.36-$160.74 after having opened the day at $159.95 as compared to the previous trading day's close of $160.76.
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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. FedEx has a market cap of $43.1 billion and is part of the transportation industry. Shares are up 7.9% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate FedEx a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
FedEx
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is down $0.40 (-0.9%) to $42.78 on light volume. Thus far, 2.1 million shares of Southwest Airlines exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $42.57-$43.17 after having opened the day at $43.07 as compared to the previous trading day's close of $43.18.
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Southwest Airlines Co. operates passenger airlines that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2015, it operated 704 Boeing 737 aircraft. Southwest Airlines has a market cap of $27.6 billion and is part of the transportation industry. Shares are up 0.3% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Southwest Airlines a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Southwest Airlines
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full
Southwest Airlines Ratings Report
now.
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1. As of noon trading,
(
) is down $13.58 (-13.7%) to $85.23 on heavy volume. Thus far, 40.2 million shares of Netflix exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $84.50-$86.75 after having opened the day at $85.43 as compared to the previous trading day's close of $98.81.
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Netflix, Inc., an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. The Company operates in three segments: Domestic streaming, International streaming and Domestic DVD. Netflix has a market cap of $42.1 billion and is part of the media industry. Shares are down 13.6% year-to-date as of the close of trading on Monday. Currently there are 16 analysts that rate Netflix a buy, 3 analysts rate it a sell, and 8 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, expanding profit margins and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. Get the full
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
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).