5 Services Stocks Pushing The Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 153 points (1.0%) at 15,063 as of Monday, July 1, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,343 issues advancing vs. 631 declining with 69 unchanged.

The Services sector currently sits up 1.3% versus the S&P 500, which is up 1.1%. Top gainers within the sector include Best Buy ( BBY), up 9.0%, Cablevision Systems ( CVC), up 8.7%, United Continental Holdings ( UAL), up 5.2%, Delta Air Lines ( DAL), up 4.8% and Dollar General Corporation ( DG), up 4.7%. A company within the sector that fell today was Cencosud ( CNCO), up 1.7%.

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

5. Visa ( V) is one of the companies pushing the Services sector higher today. As of noon trading, Visa is up $4.19 (2.3%) to $186.94 on average volume. Thus far, 1.5 million shares of Visa exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $183.63-$187.46 after having opened the day at $183.90 as compared to the previous trading day's close of $182.75.

Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. Visa has a market cap of $95.4 billion and is part of the financial services industry. The company has a P/E ratio of 50.3, above the S&P 500 P/E ratio of 17.7. Shares are up 20.6% year to date as of the close of trading on Friday. Currently there are 21 analysts that rate Visa a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, 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 Visa Ratings Report now.

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