SJR, PDCO, CXW, SPLS And KR, Pushing Services Sector Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 53 points (0.4%) at 14,950 as of Thursday, Aug. 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,495 issues advancing vs. 481 declining with 77 unchanged.

The Services sector currently sits up 0.8% versus the S&P 500, which is up 0.7%. On the negative front, top decliners within the sector include Abercrombie & Fitch Company ( ANF), down 17.5%, Sears Holdings Corporation ( SHLD), down 8.3%, L Brands ( LTD), down 3.3%, Target ( TGT), down 1.5% and Sirius XM Radio ( SIRI), down 0.3%. Top gainers within the sector include GameStop ( GME), up 11.1%, Marriott International ( MAR), up 3.4%, Delta Air Lines ( DAL), up 3.3%, Wyndham Worldwide Corporation ( WYN), up 3.2% and LATAM Airlines Group S.A ( LFL), up 3.1%.

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

5. Shaw Communications ( SJR) is one of the companies pushing the Services sector lower today. As of noon trading, Shaw Communications is down $0.30 (-1.2%) to $23.92 on average volume. Thus far, 120,589 shares of Shaw Communications exchanged hands as compared to its average daily volume of 319,900 shares. The stock has ranged in price between $23.76-$24.20 after having opened the day at $24.17 as compared to the previous trading day's close of $24.22.

Shaw Communications Inc. provides broadband cable television, Internet, home phone, telecommunication, and satellite direct-to-home services in Canada and the United States. Shaw Communications has a market cap of $10.6 billion and is part of the media industry. Shares are up 5.4% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Shaw Communications a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Shaw Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Shaw Communications Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Patterson Companies ( PDCO) is down $1.08 (-2.6%) to $40.57 on heavy volume. Thus far, 972,249 shares of Patterson Companies exchanged hands as compared to its average daily volume of 603,200 shares. The stock has ranged in price between $40.00-$40.77 after having opened the day at $40.31 as compared to the previous trading day's close of $41.65.

Patterson Companies, Inc. distributes dental, veterinary, and rehabilitation supplies. Patterson Companies has a market cap of $4.4 billion and is part of the wholesale industry. Shares are up 22.3% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Patterson Companies a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Patterson Companies as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Patterson Companies Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Corrections Corporation of America ( CXW) is down $0.92 (-2.7%) to $33.78 on heavy volume. Thus far, 2.4 million shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $33.47-$34.82 after having opened the day at $34.60 as compared to the previous trading day's close of $34.70.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corporation of America has a market cap of $4.0 billion and is part of the diversified services industry. Shares are down 2.2% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Corrections Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity 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 Corrections Corporation of America Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Staples ( SPLS) is down $0.22 (-1.5%) to $14.05 on heavy volume. Thus far, 7.3 million shares of Staples exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $14.02-$14.34 after having opened the day at $14.34 as compared to the previous trading day's close of $14.26.

Staples, Inc., together with its subsidiaries, operates as an office products company. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations. Staples has a market cap of $11.2 billion and is part of the specialty retail industry. Shares are up 47.7% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Staples a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Staples as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. 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 Staples Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Kroger ( KR) is down $0.24 (-0.6%) to $37.23 on average volume. Thus far, 2.1 million shares of Kroger exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $37.19-$37.63 after having opened the day at $37.57 as compared to the previous trading day's close of $37.47.

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company also manufactures and processes food for sale in its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Kroger has a market cap of $19.6 billion and is part of the retail industry. Shares are up 44.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Kroger a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Kroger as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Kroger Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 stocks, 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).

null

More from Markets

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War