3 Stocks Pushing The Services Sector Downward
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 or Stephanie Link.
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 11 points (0.1%) at 17,997 as of Friday, Feb. 20, 2015, 12:10 PM ET. The NYSE advances/declines ratio sits at 1,566 issues advancing vs. 1,413 declining with 145 unchanged.
The Services sector currently sits down 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include
(
), down 28.6%,
(
), down 25.7%,
(
), down 4.2%,
(
), down 3.4% and
(
), down 3.3%. Top gainers within the sector include
(
), up 14.3%,
(
), up 3.0%,
(
), up 1.9%,
(
), up 1.7% 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, Carnival is down $0.60 (-1.4%) to $43.10 on average volume. Thus far, 2.1 million shares of Carnival exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $42.82-$43.36 after having opened the day at $43.27 as compared to the previous trading day's close of $43.70.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. Carnival has a market cap of $26.0 billion and is part of the leisure industry. Shares are down 3.6% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts that rate Carnival a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Carnival
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
2. As of noon trading,
(
) is down $1.30 (-1.7%) to $75.67 on light volume. Thus far, 484,102 shares of Royal Caribbean Cruises exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $75.56-$76.86 after having opened the day at $76.86 as compared to the previous trading day's close of $76.97.
Royal Caribbean Cruises, Ltd. operates as a cruise company worldwide. It owns six cruise brands comprising Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France, and TUI Cruises. Royal Caribbean Cruises has a market cap of $16.8 billion and is part of the leisure industry. Shares are down 6.6% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate Royal Caribbean Cruises a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Royal Caribbean Cruises
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, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
Royal Caribbean Cruises Ratings Report
now.
1. As of noon trading,
(
) is down $0.67 (-0.6%) to $110.92 on light volume. Thus far, 544,100 shares of Norfolk Southern exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $110.68-$111.70 after having opened the day at $111.28 as compared to the previous trading day's close of $111.59.
Norfolk Southern Corporation, together with its subsidiaries, is engaged in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2013, it operated approximately 20,000 miles of road in 22 states and the District of Columbia. Norfolk Southern has a market cap of $34.2 billion and is part of the transportation industry. Shares are up 1.8% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate Norfolk Southern a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Norfolk Southern
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Norfolk Southern Ratings Report
now.
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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