DRI, YUM And CMG, 3 Services Stocks Pushing The Sector Lower
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 35 points (-0.2%) at 18,458 as of Tuesday, July 26, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,840 issues advancing vs. 1,054 declining with 156 unchanged.
The Services sector currently sits up 0.5% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include
(
), down 4.2%,
(
), down 1.7%,
(
), down 1.4%,
(
), down 0.7% and
(
), down 0.5%. Top gainers within the sector include
(
), up 7.2%,
(
), up 6.0%,
(
), up 6.0%,
(
), up 5.9% and
(
), up 5.6%.
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, Darden Restaurants is down $1.95 (-3.1%) to $61.19 on average volume. Thus far, 1.3 million shares of Darden Restaurants exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $61.10-$62.52 after having opened the day at $62.19 as compared to the previous trading day's close of $63.14.
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Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. Darden Restaurants has a market cap of $7.9 billion and is part of the leisure industry. Shares are down 0.8% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Darden Restaurants a buy, 2 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Darden Restaurants
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
Darden Restaurants Ratings Report
now.
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2. As of noon trading,
(
) is down $1.28 (-1.4%) to $89.06 on average volume. Thus far, 2.1 million shares of Yum Brands exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $88.87-$90.12 after having opened the day at $89.38 as compared to the previous trading day's close of $90.34.
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YUM! Brands, Inc., through its subsidiaries, operates quick service restaurants. It operates in four segments: YUM China, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. Yum Brands has a market cap of $35.1 billion and is part of the leisure industry. Shares are up 23.7% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate Yum Brands a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Yum Brands
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full
now.
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1. As of noon trading,
(
) is down $8.99 (-2.0%) to $432.53 on average volume. Thus far, 649,353 shares of Chipotle Mexican Grill exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $430.69-$439.24 after having opened the day at $431.95 as compared to the previous trading day's close of $441.52.
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Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates fast-casual fresh Mexican food restaurants. As of December 31, 2015, the company operated 1,971 Chipotle restaurants in the United States; 11 in Canada; 7 in England; 4 in France; and 1 in Germany. Chipotle Mexican Grill has a market cap of $12.9 billion and is part of the leisure industry. Shares are down 8.0% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Chipotle Mexican Grill a buy, 4 analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates
Chipotle Mexican Grill
as a
. The company's strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. Get the full
Chipotle Mexican Grill Ratings Report
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
(
).
