5 Stocks Boosting 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 68 points (0.4%) at 15,371 as of Thursday, May 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,814 issues advancing vs. 1,135 declining with 104 unchanged.

The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Liberty Media Corporation ( LMCA), up 14.2%, Express ( EXPR), up 10.6%, Magna International ( MGA), up 2.9%, Michael Kors Holdings ( KORS), up 2.8% and Royal Caribbean Cruises ( RCL), up 2.4%. On the negative front, top decliners within the sector include Big Lots ( BIG), down 8.71, AutoNation ( AN), down 2.51, Cencosud ( CNCO), down 1.76 and McDonald's Corporation ( MCD), down 0.75.

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

5. Time Warner Cable ( TWC) is one of the companies pushing the Services sector higher today. As of noon trading, Time Warner Cable is up $0.89 (0.93) to $96.91 on light volume Thus far, 709,932 shares of Time Warner Cable exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $96.11-$97.05 after having opened the day at $96.11 as compared to the previous trading day's close of $96.02.

Time Warner Cable Inc., together with its subsidiaries, offers video, high-speed data, and voice services to residential and business service customers over its broadband cable systems in the United States. Time Warner Cable has a market cap of $28.0 billion and is part of the media industry. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Time Warner Cable a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Time Warner Cable Ratings Report now.

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