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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, CBS Corporation ( CBS) is down $0.47 (-0.7%) to $62.91 on light volume. Thus far, 728,299 shares of CBS Corporation exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $62.81-$63.33 after having opened the day at $63.22 as compared to the previous trading day's close of $63.38.

CBS Corporation operates as a mass media company in the United States and internationally. It operates in five segments: Entertainment, Cable Networks, Publishing, Local Broadcasting, and Outdoor Americas. CBS Corporation has a market cap of $35.3 billion and is part of the media industry. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full CBS Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, J.C. Penney ( JCP) is down $0.64 (-7.8%) to $7.56 on heavy volume. Thus far, 45.5 million shares of J.C. Penney exchanged hands as compared to its average daily volume of 34.4 million shares. The stock has ranged in price between $7.43-$7.69 after having opened the day at $7.50 as compared to the previous trading day's close of $8.19.

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. J.C. Penney has a market cap of $2.6 billion and is part of the retail industry. Shares are down 10.5% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate J.C. Penney a buy, 4 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates J.C. Penney as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and poor profit margins. Get the full J.C. Penney Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Twenty-First Century Fox ( FOXA) is down $0.52 (-1.5%) to $34.46 on light volume. Thus far, 3.3 million shares of Twenty-First Century Fox exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $34.38-$34.91 after having opened the day at $34.86 as compared to the previous trading day's close of $34.97.

Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. Twenty-First Century Fox has a market cap of $51.6 billion and is part of the media industry. Currently there are 16 analysts that rate Twenty-First Century Fox a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Twenty-First Century Fox as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Twenty-First Century Fox Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Time Warner Cable ( TWC) is down $0.90 (-0.7%) to $134.00 on light volume. Thus far, 810,255 shares of Time Warner Cable exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $133.65-$134.90 after having opened the day at $134.58 as compared to the previous trading day's close of $134.90.

Time Warner Cable Inc., together with its subsidiaries, offers video, high-speed data, and voice services to residential and business service customers over its broadband cable systems in the United States. Time Warner Cable has a market cap of $37.8 billion and is part of the media industry. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Time Warner Cable a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Time Warner Cable Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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