4 Services Stocks Driving The Sector Higher

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 down 79 points (-0.5%) at 15,419 as of Friday, Aug. 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,348 issues advancing vs. 1,561 declining with 117 unchanged.

The Services sector currently sits down 0.1% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Priceline.com ( PCLN), up 5.2%, Amazon.com ( AMZN), up 1.1%, Royal Philips ( PHG), up 0.8% and CVS Caremark ( CVS), up 0.9%. On the negative front, top decliners within the sector include Carnival Corporation ( CCL), down 1.8%, Delta Air Lines ( DAL), down 1.5%, Directv ( DTV), down 1.3%, Home Depot ( HD), down 1.3% and Luxottica Group ( LUX), down 1.3%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Companhia Brasileira De Distribuicao ( CBD) is one of the companies pushing the Services sector higher today. As of noon trading, Companhia Brasileira De Distribuicao is up $1.62 (3.8%) to $44.64 on light volume. Thus far, 212,633 shares of Companhia Brasileira De Distribuicao exchanged hands as compared to its average daily volume of 630,400 shares. The stock has ranged in price between $43.35-$44.68 after having opened the day at $43.73 as compared to the previous trading day's close of $43.02.

Companhia Brasileira de Distribuic o engages in the retail of food and non-food products to individual consumers through its chain of hypermarkets, supermarkets, specialized and department stores, and e-commerce. Companhia Brasileira De Distribuicao has a market cap of $11.3 billion and is part of the retail industry. Shares are down 3.1% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Companhia Brasileira De Distribuicao a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Companhia Brasileira De Distribuicao as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. 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 Companhia Brasileira De Distribuicao Ratings Report now.

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