5 Services Stocks Dragging The Sector Down

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 24 points (-0.2%) at 15,303 as of Thursday, Sept. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 960 issues advancing vs. 1,922 declining with 143 unchanged.

The Services sector currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Men's Wearhouse ( MW), down 12.6%, L Brands ( LTD), down 2.4%, Grupo Televisa S.A.B ( TV), down 2.2%, United Continental Holdings ( UAL), down 2.2% and Shaw Communications ( SJR), down 2.0%. Top gainers within the sector include Wendy's ( WEN), up 3.9%, Sears Holdings Corporation ( SHLD), up 3.6%, MasterCard Incorporated ( MA), up 1.6%, Cardinal Health ( CAH), up 1.2% and Liberty Global ( LBTYA), up 0.8%.

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

5. MGM Resorts International ( MGM) is one of the companies pushing the Services sector lower today. As of noon trading, MGM Resorts International is down $0.30 (-1.6%) to $18.80 on average volume. Thus far, 4.1 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $18.70-$19.22 after having opened the day at $19.15 as compared to the previous trading day's close of $19.10.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts International has a market cap of $9.3 billion and is part of the leisure industry. Shares are up 63.6% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate MGM Resorts International a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity. Get the full MGM Resorts International Ratings Report now.

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