3 Stocks Pushing The Services Sector Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 65 points (0.4%) at 17,698 as of Wednesday, March 30, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,906 issues advancing vs. 1,052 declining with 157 unchanged.
The Services sector currently sits up 0.6% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include
(
), down 1.8%,
(
), down 1.0%,
(
TheStreet Recommends
), down 0.9%,
(
), down 0.8% and
(
), down 0.8%. Top gainers within the sector include
(
), up 3.5%,
(
), up 3.4%,
(
), up 3.3%,
(
), up 3.0% and
(
), up 2.5%.
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, Signet Jewelers is down $2.56 (-2.1%) to $120.35 on average volume. Thus far, 715,608 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $120.07-$123.80 after having opened the day at $122.94 as compared to the previous trading day's close of $122.91.
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Signet Jewelers Limited engages in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. Signet Jewelers has a market cap of $9.6 billion and is part of the specialty retail industry. Shares are down 0.6% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Signet Jewelers a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Signet Jewelers
as a
. 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, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Signet Jewelers Ratings Report
now.
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2. As of noon trading,
(
) is down $0.66 (-1.2%) to $54.24 on light volume. Thus far, 1.4 million shares of CBS exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $54.22-$55.16 after having opened the day at $55.14 as compared to the previous trading day's close of $54.90.
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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 $25.1 billion and is part of the media industry. Shares are up 16.5% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts that rate CBS a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
CBS
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. We feel its 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 down $1.75 (-1.9%) to $92.39 on average volume. Thus far, 1.7 million shares of Wynn Resorts exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $91.74-$95.99 after having opened the day at $95.51 as compared to the previous trading day's close of $94.14.
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Wynn Resorts, Limited, together with its subsidiaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations. The company operates Wynn Macau and Encore at Wynn Macau resort located in the People's Republic of China. Wynn Resorts has a market cap of $9.4 billion and is part of the leisure industry. Shares are up 36.1% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Wynn Resorts a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Wynn Resorts
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and feeble growth in the company's earnings per share. 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
(
).
