5 Stocks Dragging The Services Sector Downward

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 down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Ctrip.com International ( CTRP), down 3.5%, Luxottica Group ( LUX), down 2.9%, Michael Kors Holdings ( KORS), down 2.5%, Canadian National Railway ( CNI), down 2.4% and Kohl's ( KSS), down 2.3%. Top gainers within the sector include Apollo Education Group ( APOL), up 12.8%, Pandora Media ( P), up 5.0%, New Oriental Education & Technology Group I ( EDU), up 4.0%, Delta Air Lines ( DAL), up 2.8% and Walgreen Company ( WAG), up 2.7%.

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

5. Costco Wholesale Corporation ( COST) is one of the companies pushing the Services sector lower today. As of noon trading, Costco Wholesale Corporation is down $1.48 (-1.3%) to $114.38 on heavy volume. Thus far, 1.6 million shares of Costco Wholesale Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $114.03-$116.04 after having opened the day at $116.04 as compared to the previous trading day's close of $115.86.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. Costco Wholesale Corporation has a market cap of $51.2 billion and is part of the retail industry. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Costco Wholesale Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Costco Wholesale Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Costco Wholesale Corporation Ratings Report now.

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