3 Services Stocks Dragging The Sector Down

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.

The Services sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include United Parcel Service Inc (UPS) Class B ( UPS), down 5.7%, Dollar General Corporation ( DG), down 3.4%, FedEx Corporation ( FDX), down 2.2%, Grupo Televisa S.A.B ( TV), down 1.2% and Luxottica Group ( LUX), down 1.2%. Top gainers within the sector include Netflix ( NFLX), up 3.9%, H&R Block ( HRB), up 2.8%, United Continental Holdings ( UAL), up 2.1%, CBS Corporation ( CBS), up 2.2% and Delta Air Lines ( DAL), up 2.0%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. LATAM Airlines Group S.A ( LFL) is one of the companies pushing the Services sector lower today. As of noon trading, LATAM Airlines Group S.A is down $0.40 (-2.6%) to $14.79 on average volume. Thus far, 240,313 shares of LATAM Airlines Group S.A exchanged hands as compared to its average daily volume of 556,800 shares. The stock has ranged in price between $14.71-$15.20 after having opened the day at $15.16 as compared to the previous trading day's close of $15.19.

LATAM Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services primarily in South America. LATAM Airlines Group S.A has a market cap of $7.3 billion and is part of the transportation industry. Shares are down 35.7% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates LATAM Airlines Group S.A a buy, 4 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates LATAM Airlines Group S.A as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full LATAM Airlines Group S.A Ratings Report now.

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