3 Stocks Raising The Specialty Retail 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 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Specialty Retail industry currently sits down 0.17 versus the S&P 500, which is down 0.17.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Sothebys ( BID) is one of the companies pushing the Specialty Retail industry higher today. As of noon trading, Sothebys is up $0.84 (2.18) to $39.20 on heavy volume Thus far, 1.4 million shares of Sothebys exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $38.96-$39.60 after having opened the day at $38.98 as compared to the previous trading day's close of $38.36.

Sotheby's operates as an auctioneer of authenticated fine art, decorative art, and jewelry. The company operates in three segments: Auction, Finance, and Dealer. Sothebys has a market cap of $2.6 billion and is part of the services sector. The company has a P/E ratio of 27.6, above the S&P 500 P/E ratio of 17.7. Shares are up 14.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Sothebys a buy, 1 analyst rates it a sell, and 1 rates it a hold.

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

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