CBD, KSS And NFLX, Pushing Services Sector Downward

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 93 points (0.6%) at 15,285 as of Wednesday, Sept. 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,461 declining with 119 unchanged.

The Services sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Sears Holdings Corporation ( SHLD), down 3.0%, United Continental Holdings ( UAL), down 2.2%, Royal Philips ( PHG), down 1.0%, Delta Air Lines ( DAL), down 0.9% and Macy's ( M), down 0.8%. Top gainers within the sector include Synnex Corporation ( SNX), up 21.2%, Pandora Media ( P), up 4.4%, Fleetcor Technologies ( FLT), up 3.2%, Computer Sciences Corporation ( CSC), up 3.1% and Marriott International ( MAR), up 3.0%.

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

3. Companhia Brasileira De Distribuicao ( CBD) is one of the companies pushing the Services sector lower today. As of noon trading, Companhia Brasileira De Distribuicao is down $0.92 (-2.1%) to $42.95 on light volume. Thus far, 137,208 shares of Companhia Brasileira De Distribuicao exchanged hands as compared to its average daily volume of 665,600 shares. The stock has ranged in price between $42.77-$43.55 after having opened the day at $43.55 as compared to the previous trading day's close of $43.87.

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 $11.4 billion and is part of the retail industry. Shares are down 1.2% year to date as of the close of trading on Tuesday. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Companhia Brasileira De Distribuicao Ratings Report now.

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