5 Services Stocks On The Rise

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,897 as of Wednesday, Dec. 18, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,411 declining with 169 unchanged.

The Services sector currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include Valassis Communications ( VCI), up 21.3%, CVS Caremark ( CVS), up 2.6%, Luxottica Group ( LUX), up 2.0%, Western Union Company ( WU), up 1.7% and Comcast ( CMCSK), up 1.0%. On the negative front, top decliners within the sector include AerCap Holdings N.V ( AER), down 3.1%, Cencosud ( CNCO), down 2.7%, Mercadolibre ( MELI), down 2.4%, LATAM Airlines Group S.A ( LFL), down 2.0% and Ryanair Holdings ( RYAAY), down 1.6%.

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

5. Bed Bath & Beyond ( BBBY) is one of the companies pushing the Services sector higher today. As of noon trading, Bed Bath & Beyond is up $1.13 (1.5%) to $78.08 on light volume. Thus far, 463,585 shares of Bed Bath & Beyond exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $76.98-$78.17 after having opened the day at $77.35 as compared to the previous trading day's close of $76.95.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. Bed Bath & Beyond has a market cap of $16.5 billion and is part of the retail industry. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 37.4% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Bed Bath & Beyond a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Bed Bath & Beyond as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity 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 Bed Bath & Beyond Ratings Report now.

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