3 Stocks Dragging The Services Sector Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 70 points (0.5%) at 14,846 as of Wednesday, Aug. 28, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,865 issues advancing vs. 1,062 declining with 104 unchanged.

The Services sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include New Oriental Education & Technology Group I ( EDU), down 3.0%, Copa Holdings ( CPA), down 2.6%, Ryanair Holdings ( RYAAY), down 2.5%, Luxottica Group ( LUX), down 1.9% and Royal Philips ( PHG), down 0.9%. Top gainers within the sector include Chico's FAS ( CHS), up 6.4%, Conn's ( CONN), up 6.6%, Signet Jewelers ( SIG), up 2.6%, Netflix ( NFLX), up 2.9% and MGM Resorts International ( MGM), up 2.1%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Tiffany ( TIF) is one of the companies pushing the Services sector lower today. As of noon trading, Tiffany is down $2.68 (-3.3%) to $78.14 on heavy volume. Thus far, 1.6 million shares of Tiffany exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $77.66-$79.60 after having opened the day at $79.37 as compared to the previous trading day's close of $80.82.

Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of jewelry worldwide. The company operates through Americas, Asia-Pacific, Japan, Europe, and Other segments. Tiffany has a market cap of $10.4 billion and is part of the specialty retail industry. Shares are up 40.9% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Tiffany a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Tiffany 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, 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 somewhat disappointing return on equity. Get the full Tiffany Ratings Report now.

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