5 Services Stocks Pushing Sector Growth

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 58 points (-0.4%) at 15,461 as of Wednesday, Aug. 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 785 issues advancing vs. 2,161 declining with 94 unchanged.

The Services sector currently sits down 0.7% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Computer Sciences Corporation ( CSC), up 5.9%, and MGM Resorts International ( MGM), up 2.5%. On the negative front, top decliners within the sector include Genpact ( G), down 7.5%, CH Robinson Worldwide ( CHRW), down 5.8%, Walt Disney ( DIS), down 1.9%, AutoZone ( AZO), down 1.8% and Magna International ( MGA), down 1.7%.

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

5. Live Nation Entertainment ( LYV) is one of the companies pushing the Services sector higher today. As of noon trading, Live Nation Entertainment is up $1.54 (9.5%) to $17.86 on heavy volume. Thus far, 2.8 million shares of Live Nation Entertainment exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $17.36-$18.19 after having opened the day at $17.44 as compared to the previous trading day's close of $16.32.

Live Nation Entertainment, Inc. operates as a live entertainment company. The company operates through Concerts, Ticketing, Artist Nation, and Sponsorship & Advertising segments. Live Nation Entertainment has a market cap of $3.2 billion and is part of the media industry. Shares are up 75.3% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Live Nation Entertainment a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Live Nation Entertainment as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Live Nation Entertainment Ratings Report now.

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