5 Stocks Dragging In The Services Sector

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Services sector currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Best Buy ( BBY), down 3.7%, Ryanair Holdings ( RYAAY), down 2.6%, eBay ( EBAY), down 1.3%, Las Vegas Sands ( LVS), down 1.1% and Priceline.com ( PCLN), down 0.4%. Top gainers within the sector include SAIC ( SAI), up 4.7%, Amazon.com ( AMZN), up 1.7%, Southwest Airlines ( LUV), up 1.2%, Canadian National Railway ( CNI), up 0.6% and Visa ( V), up 0.6%.

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

5. Luxottica Group ( LUX) is one of the companies pushing the Services sector lower today. As of noon trading, Luxottica Group is down $0.50 (-1.0%) to $50.33 on light volume Thus far, 46,390 shares of Luxottica Group exchanged hands as compared to its average daily volume of 146,200 shares. The stock has ranged in price between $49.80-$50.56 after having opened the day at $49.98 as compared to the previous trading day's close of $50.83.

Luxottica Group S.p.A., together with its subsidiaries, provides fashion, luxury, and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. Luxottica Group has a market cap of $23.8 billion and is part of the specialty retail industry. The company has a P/E ratio of 51.6, above the S&P 500 P/E ratio of 17.7. Shares are up 22.9% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Luxottica Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Luxottica Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Luxottica Group Ratings Report now.

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