5 Stocks Dragging The Services Sector Downward

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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%. 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%. 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%.

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

5. Fresh Market ( TFM) is one of the companies pushing the Services sector lower today. As of noon trading, Fresh Market is down $9.40 (-18.6%) to $41.00 on heavy volume. Thus far, 6.3 million shares of Fresh Market exchanged hands as compared to its average daily volume of 592,900 shares. The stock has ranged in price between $40.03-$42.58 after having opened the day at $42.49 as compared to the previous trading day's close of $50.40.

The Fresh Market, Inc. operates as a specialty grocery retailer in the United States. Fresh Market has a market cap of $2.4 billion and is part of the retail industry. The company has a P/E ratio of 34.2, above the S&P 500 P/E ratio of 17.7. Shares are up 4.8% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Fresh Market a buy, no analysts rate it a sell, and 7 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, growth in earnings per share, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. 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.

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