3 Stocks Pushing The Services Sector Lower

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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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2. As of noon trading, Fresh Market ( TFM) is down $5.23 (-9.6%) to $49.05 on heavy volume. Thus far, 2.4 million shares of Fresh Market exchanged hands as compared to its average daily volume of 397,500 shares. The stock has ranged in price between $48.21-$50.25 after having opened the day at $50.25 as compared to the previous trading day's close of $54.28.

The Fresh Market, Inc. operates as a specialty grocery retailer. Fresh Market has a market cap of $2.7 billion and is part of the retail industry. Shares are up 14.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Fresh Market a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Fresh Market as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Fresh Market 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, Signet Jewelers ( SIG) is down $3.00 (-4.3%) to $66.83 on heavy volume. Thus far, 1.6 million shares of Signet Jewelers exchanged hands as compared to its average daily volume of 412,000 shares. The stock has ranged in price between $66.21-$67.50 after having opened the day at $67.07 as compared to the previous trading day's close of $69.83.

Signet Jewelers Limited engages in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company operates through US and UK divisions. Signet Jewelers has a market cap of $5.8 billion and is part of the specialty retail industry. Shares are up 27.0% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Signet Jewelers a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Signet Jewelers 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, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Signet Jewelers 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).
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