5 Services Stocks Pushing Sector Growth

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 87 points (-0.6%) at 14,874 as of Thursday, June 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,603 declining with 125 unchanged.

The Services sector currently sits down 0.10 versus the S&P 500, which is down 0.38. Top gainers within the sector include Liberty Media Corporation ( LMCA), up 11.0%, Home Depot ( HD), up 1.6%, AutoZone ( AZO), up 1.1%, Canadian Pacific Railway ( CP), up 0.9% and Sirius XM Radio ( SIRI), up 1.1%. On the negative front, top decliners within the sector include Ascena Retail Group ( ASNA), down 10.42, US Airways Group ( LCC), down 4.60, United Continental Holdings ( UAL), down 4.11, Netflix ( NFLX), down 3.51 and Southwest Airlines ( LUV), down 2.71.

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

5. Macy's ( M) is one of the companies pushing the Services sector higher today. As of noon trading, Macy's is up $0.40 (0.84) to $47.76 on light volume Thus far, 1.4 million shares of Macy's exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $47.40-$48.20 after having opened the day at $47.57 as compared to the previous trading day's close of $47.36.

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Macy's has a market cap of $18.9 billion and is part of the retail industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 21.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Macy's a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. 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 Macy's Ratings Report now.

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