Saks Incorporated (SKS): Today's Featured Services Winner

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.

Saks Incorporated ( SKS) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day down 0.5%. By the end of trading, Saks Incorporated rose $0.64 (4.2%) to $15.95 on heavy volume. Throughout the day, 66,730,495 shares of Saks Incorporated exchanged hands as compared to its average daily volume of 2,763,300 shares. The stock ranged in a price between $15.80-$15.95 after having opened the day at $15.84 as compared to the previous trading day's close of $15.31. Other companies within the Services sector that increased today were: Michael Baker Corporation ( BKR), up 36.5%, General Employment ( JOB), up 35.7%, Hudson Technology ( HDSN), up 17.5% and MWI Veterinary Supply ( MWIV), up 10.9%.

Saks Incorporated operates retail stores in the United States. The company’s retail stores offer an assortment of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. Saks Incorporated has a market cap of $2.3 billion and is part of the retail industry. Shares are up 44.4% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Saks Incorporated a buy, 2 analysts rate it a sell, and 7 rate it a hold.

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

On the negative front, Lime Energy ( LIME), down 12.0%, ValueVision Media ( VVTV), down 9.7%, Diana Containerships ( DCIX), down 9.5% and YRC Worldwide ( YRCW), down 9.4% , were all laggards within the services sector with Union Pacific ( UNP) being today's services sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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