5 Stocks Pushing The Services Sector Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 26 points (0.2%) at 15,572 as of Tuesday, July 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 1,285 declining with 117 unchanged.

The Services sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Allegiant Travel Company ( ALGT), down 12.1%, Penn National Gaming ( PENN), down 7.0%, Domino's Pizza ( DPZ), down 4.7%, Sears Holdings Corporation ( SHLD), down 3.4% and Ryanair Holdings ( RYAAY), down 2.5%. Top gainers within the sector include Wendy's ( WEN), up 10.8%, HSN ( HSNI), up 3.5%, Companhia Brasileira De Distribuicao ( CBD), up 1.5%, Thomson Reuters Corporation ( TRI), up 1.1% and Melco Crown Entertainment ( MPEL), up 1.0%.

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

5. FedEx Corporation ( FDX) is one of the companies pushing the Services sector lower today. As of noon trading, FedEx Corporation is down $0.68 (-0.6%) to $107.06 on light volume. Thus far, 958,500 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $106.64-$108.00 after having opened the day at $107.99 as compared to the previous trading day's close of $107.75.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FedEx Corporation has a market cap of $34.2 billion and is part of the transportation industry. Shares are up 17.5% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate FedEx Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates FedEx Corporation 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, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full FedEx Corporation Ratings Report now.

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