4 Diversified Services Stocks Nudging The Industry 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Diversified Services industry currently sits down 0.90 versus the S&P 500, which is down 0.89. On the negative front, top decliners within the industry include Corrections Corporation of America ( CXW), down 3.87, Robert Half International ( RHI), down 2.64, Fidelity National Information Services ( FIS), down 1.65, Paychex ( PAYX), down 1.54 and Priceline.com ( PCLN), down 1.45.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Stewart ( STEI) is one of the companies pushing the Diversified Services industry higher today. As of noon trading, Stewart is up $3.29 (33.78) to $13.03 on heavy volume Thus far, 50.8 million shares of Stewart exchanged hands as compared to its average daily volume of 469,400 shares. The stock has ranged in price between $13.02-$13.10 after having opened the day at $13.06 as compared to the previous trading day's close of $9.74.

Stewart Enterprises, Inc., through its subsidiaries, provides funeral and cemetery products and services in the death care industry. It offers a range of funeral and cremation merchandise and services, as well as cemetery property, merchandise, and services. Stewart has a market cap of $802.8 million and is part of the services sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 28.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Stewart a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Stewart 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, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Stewart Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

The Deal: FTC Hears Jewish Group's Concern on Funeral Deal

4 Stocks Going Ex-Dividend Tomorrow: ARDC, STEI, BCR, APA

Stock Futures Slip on Fed Pullback Concerns

Insider Selling Flags