5 Stocks Driving 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 15,111 as of Friday, June 14, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Services sector currently sits down 0.39 versus the S&P 500, which is down 0.25. Top gainers within the sector include Charter Communications ( CHTR), up 4.1%, Grupo Aeroportuario del Sureste S.A.B. de ( ASR), up 3.8%, GameStop ( GME), up 3.8%, Cinemark Holdings ( CNK), up 2.4% and Panera Bread Company ( PNRA), up 2.4%. On the negative front, top decliners within the sector include Myriad Genetics ( MYGN), down 8.54, Gannett ( GCI), down 7.48, Casey's General Stores ( CASY), down 3.68, Fidelity National Information Services ( FIS), down 2.01 and Urban Outfitters ( URBN), down 1.59.

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

5. AutoZone ( AZO) is one of the companies pushing the Services sector higher today. As of noon trading, AutoZone is up $2.58 (0.62) to $422.08 on light volume Thus far, 59,457 shares of AutoZone exchanged hands as compared to its average daily volume of 268,300 shares. The stock has ranged in price between $418.72-$424.40 after having opened the day at $419.46 as compared to the previous trading day's close of $419.50.

AutoZone, Inc. engages in retailing and distributing automotive replacement parts and accessories. AutoZone has a market cap of $15.0 billion and is part of the retail industry. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 18.4% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate AutoZone a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates AutoZone as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full AutoZone Ratings Report now.

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