5 Stocks Dragging The 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 12 points (0.1%) at 15,069 as of Wednesday, May 8, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,254 declining with 121 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Zillow ( Z), down 10.10, CH Robinson Worldwide ( CHRW), down 6.97, Mercadolibre ( MELI), down 4.36, Tim Hortons ( THI), down 2.19 and InterContinental Hotels Group ( IHG), down 2.17. Top gainers within the sector include Liberty Media Corporation ( LMCA), up 10.5%, McKesson ( MCK), up 6.0%, Copa Holdings ( CPA), up 4.2%, Grupo Televisa S.A ( TV), up 2.9% and Fidelity National Information Services ( FIS), up 2.3%.

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

5. Bed Bath & Beyond ( BBBY) is one of the companies pushing the Services sector lower today. As of noon trading, Bed Bath & Beyond is down $1.12 (-1.6%) to $68.94 on average volume Thus far, 1.4 million shares of Bed Bath & Beyond exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $68.86-$69.80 after having opened the day at $69.22 as compared to the previous trading day's close of $70.07.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. Bed Bath & Beyond has a market cap of $15.3 billion and is part of the retail industry. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7. Shares are up 24.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Bed Bath & Beyond as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Bed Bath & Beyond Ratings Report now.

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