Services Stocks On The Rise With Help From 5 Stocks

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 8 points (0.1%) at 15,256 as of Monday, June 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,353 issues advancing vs. 1,578 declining with 107 unchanged.

The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Liberty Media Corporation ( LMCA), up 15.5%, MGM Resorts International ( MGM), up 2.6%, Hertz Global Holdings ( HTZ), up 1.8%, Wynn Resorts ( WYNN), up 1.8% and Las Vegas Sands ( LVS), up 1.7%. On the negative front, top decliners within the sector include Cencosud ( CNCO), down 3.65, Liberty Global ( LBTYA), down 2.28, Discovery Communications ( DISCA), down 1.68, W.W. Grainger ( GWW), down 1.42 and Canadian Pacific Railway ( CP), down 1.40.

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

5. Walgreen Company ( WAG) is one of the companies pushing the Services sector higher today. As of noon trading, Walgreen Company is up $0.43 (0.87) to $49.85 on light volume Thus far, 1.6 million shares of Walgreen Company exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $49.35-$49.98 after having opened the day at $49.46 as compared to the previous trading day's close of $49.42.

Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. Walgreen Company has a market cap of $45.7 billion and is part of the retail industry. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7. Shares are up 33.5% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Walgreen Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Walgreen Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Walgreen Company Ratings Report now.

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