ACTG, AIRM, GPC And MCD, Pushing Services Sector Downward

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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 31 points (-0.2%) at 14,506 as of Friday, April 19, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,094 issues advancing vs. 778 declining with 149 unchanged.

The Services sector currently sits up 0.8% versus the S&P 500, which is up 0.7%. Top gainers within the sector include Chipotle Mexican Grill ( CMG), up 9.8%, Hertz Global Holdings ( HTZ), up 3.1%, CarMax ( KMX), up 3.0%, Wynn Resorts ( WYNN), up 2.9% and CBS Corporation ( CBS), up 2.9%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Acacia Research Coroporation ( ACTG) is one of the companies pushing the Services sector lower today. As of noon trading, Acacia Research Coroporation is down $7.32 (-24.8%) to $22.25 on heavy volume Thus far, 4.1 million shares of Acacia Research Coroporation exchanged hands as compared to its average daily volume of 567,300 shares. The stock has ranged in price between $21.64-$27.46 after having opened the day at $27.30 as compared to the previous trading day's close of $29.57.

Acacia Research Corporation, through its subsidiaries, acquires, develops, licenses, and enforces patented technologies in the United States. Acacia Research Coroporation has a market cap of $1.5 billion and is part of the diversified services industry. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 15.0% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Acacia Research Coroporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Acacia Research Coroporation Ratings Report now.

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