3 Stocks Pushing The Services Sector Lower

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 63 points (0.4%) at 14,888 as of Thursday, Aug. 29, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,979 issues advancing vs. 942 declining with 102 unchanged.

The Services sector currently sits up 0.9% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Guess ( GES), up 12.2%, Zillow ( Z), up 8.0%, Tractor Supply ( TSCO), up 2.9%, Interpublic Group of Cos ( IPG), up 2.7% and Liberty Global ( LBTYA), up 2.7%.

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

3. Genesco ( GCO) is one of the companies pushing the Services sector lower today. As of noon trading, Genesco is down $6.90 (-9.9%) to $62.65 on heavy volume. Thus far, 874,759 shares of Genesco exchanged hands as compared to its average daily volume of 156,200 shares. The stock has ranged in price between $60.03-$64.89 after having opened the day at $60.50 as compared to the previous trading day's close of $69.55.

Genesco Inc. engages in the retail and wholesale of footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. Genesco has a market cap of $1.6 billion and is part of the retail industry. Shares are up 22.2% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Genesco a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Genesco as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Genesco Ratings Report now.

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