5 Stocks Pushing The Services Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 50 points (0.4%) at 14,380 as of Friday, March 8, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,811 issues advancing vs. 1,063 declining with 140 unchanged.

The Services sector currently sits up 0.6% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Pandora Media ( P), up 17.5%, H&R Block ( HRB), up 7.4%, United Continental Holdings ( UAL), up 5.6%, Delhaize Group ( DEG), up 5.2% and Sears Holdings Corporation ( SHLD), up 3.8%. On the negative front, top decliners within the sector include Gol Intelligent Airlines ( GOL), down 5.0%, Michael Kors Holdings ( KORS), down 1.2%, Chipotle Mexican Grill ( CMG), down 1.3%, Las Vegas Sands ( LVS), down 0.8% and Amazon.com ( AMZN), down 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. FedEx Corporation ( FDX) is one of the companies pushing the Services sector higher today. As of noon trading, FedEx Corporation is up $0.60 (0.6%) to $107.56 on light volume Thus far, 424,535 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $107.02-$107.95 after having opened the day at $107.59 as compared to the previous trading day's close of $106.96.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FedEx Corporation has a market cap of $34.0 billion and is part of the transportation industry. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate FedEx Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates FedEx Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full FedEx Corporation Ratings Report now.

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