5 Stocks Dragging The Services Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 66 points (0.4%) at 14,999 as of Wednesday, July 3, 2013, 12:51 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.

The Services sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Robert Half International ( RHI), down 5.0%, Delta Air Lines ( DAL), down 2.2%, Canadian Pacific Railway ( CP), down 1.6%, Tyco International ( TYC), down 0.8% and Grupo Televisa S.A.B ( TV), down 0.9%. Top gainers within the sector include Chipotle Mexican Grill ( CMG), up 3.4%, Computer Sciences Corporation ( CSC), up 2.4%, Discovery Communications ( DISCK), up 2.5%, AutoNation ( AN), up 2.6% and Time Warner Cable ( TWC), up 2.5%.

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

5. Staples ( SPLS) is one of the companies pushing the Services sector lower today. As of noon trading, Staples is down $0.39 (-2.4%) to $15.91 on light volume. Thus far, 2.9 million shares of Staples exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $15.85-$16.17 after having opened the day at $16.11 as compared to the previous trading day's close of $16.30.

Staples, Inc., together with its subsidiaries, operates as an office products company. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations. Staples has a market cap of $10.6 billion and is part of the specialty retail industry. Shares are up 43.0% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Staples a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Staples as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Staples Ratings Report now.

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