CSX, TWC And DAL, 3 Services Stocks Pushing The Sector Lower
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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 48 points (0.3%) at 18,145 as of Thursday, March 5, 2015, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,642 issues advancing vs. 1,262 declining with 201 unchanged.
The Services sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include
(
), down 4.3%,
(
), down 2.6%,
(
), down 1.9%,
(
), down 1.7% and
(
), down 1.3%. Top gainers within the sector include
(
), up 11.8%,
(
), up 5.0%,
(
), up 3.9%,
(
), up 2.2% and
(
), up 2.4%.
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, CSX is down $0.30 (-0.9%) to $33.94 on light volume. Thus far, 2.1 million shares of CSX exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $33.83-$34.17 after having opened the day at $34.12 as compared to the previous trading day's close of $34.24.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. CSX has a market cap of $33.8 billion and is part of the transportation industry. Shares are down 5.5% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate CSX a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
CSX
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
2. As of noon trading,
(
) is down $1.41 (-0.9%) to $156.08 on light volume. Thus far, 469,105 shares of Time Warner Cable exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $156.01-$158.00 after having opened the day at $158.00 as compared to the previous trading day's close of $157.49.
Time Warner Cable Inc., together with its subsidiaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations. Time Warner Cable has a market cap of $44.0 billion and is part of the media industry. Shares are up 3.6% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Time Warner Cable a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Time Warner Cable
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, good cash flow from operations and expanding profit margins. 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
Time Warner Cable Ratings Report
now.
1. As of noon trading,
(
) is down $0.80 (-1.8%) to $44.35 on light volume. Thus far, 4.0 million shares of Delta Air Lines exchanged hands as compared to its average daily volume of 12.4 million shares. The stock has ranged in price between $44.27-$45.47 after having opened the day at $45.43 as compared to the previous trading day's close of $45.15.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Delta Air Lines has a market cap of $37.7 billion and is part of the transportation industry. Shares are down 8.2% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Delta Air Lines a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Delta Air Lines
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth 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
Delta Air Lines 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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