5 Stocks Advancing The Services Sector

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 14 points (0.1%) at 16,024 as of Friday, Nov. 22, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,437 issues advancing vs. 1,443 declining with 136 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Time Warner Cable ( TWC), up 8.7%, Foot Locker ( FL), up 4.0%, United Continental Holdings ( UAL), up 3.9%, DISH Network ( DISH), up 3.1% and Charter Communications Inc Class A ( CHTR), up 2.7%. On the negative front, top decliners within the sector include Ross Stores ( ROST), down 7.3%, FedEx Corporation ( FDX), down 1.3%, Luxottica Group ( LUX), down 1.1%, Home Depot ( HD), down 1.1% and Wynn Resorts ( WYNN), down 1.1%.

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

5. Sirius XM Radio ( SIRI) is one of the companies pushing the Services sector higher today. As of noon trading, Sirius XM Radio is up $0.06 (1.5%) to $3.70 on light volume. Thus far, 10.3 million shares of Sirius XM Radio exchanged hands as compared to its average daily volume of 45.7 million shares. The stock has ranged in price between $3.65-$3.72 after having opened the day at $3.66 as compared to the previous trading day's close of $3.64.

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. Sirius XM Radio has a market cap of $22.3 billion and is part of the media industry. The company has a P/E ratio of 51.9, above the S&P 500 P/E ratio of 17.7. Shares are up 25.6% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Sirius XM Radio a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Sirius XM Radio as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Sirius XM Radio Ratings Report now.

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