3 Stocks Improving Performance Of The Services Sector

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Services sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Canadian Pacific Railway ( CP), up 2.9%, Kansas City Southern ( KSU), up 1.7%, Rockwell Automation ( ROK), up 1.2%, W.W. Grainger ( GWW), up 0.8% and Canadian National Railway ( CNI), up 0.2%. On the negative front, top decliners within the sector include LATAM Airlines Group S.A ( LFL), down 3.1%, Royal Philips ( PHG), down 2.9%, Liberty Global ( LBTYK), down 2.4%, Southwest Airlines ( LUV), down 2.0% and Melco Crown Entertainment ( MPEL), down 2.2%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Luxottica Group ( LUX) is one of the companies pushing the Services sector higher today. As of noon trading, Luxottica Group is up $0.22 (0.4%) to $53.23 on light volume. Thus far, 23,192 shares of Luxottica Group exchanged hands as compared to its average daily volume of 85,100 shares. The stock has ranged in price between $53.23-$53.75 after having opened the day at $53.46 as compared to the previous trading day's close of $53.01.

Luxottica Group S.p.A., together with its subsidiaries, provides luxury and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. Luxottica Group has a market cap of $24.7 billion and is part of the retail industry. The company has a P/E ratio of 44.9, above the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Luxottica Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Luxottica Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. 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 Luxottica Group Ratings Report now.

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2. As of noon trading, Fidelity National Information Services ( FIS) is up $0.30 (0.6%) to $51.26 on light volume. Thus far, 319,424 shares of Fidelity National Information Services exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $50.48-$51.35 after having opened the day at $50.48 as compared to the previous trading day's close of $50.96.

Fidelity National Information Services, Inc. provides banking and payments technology solutions worldwide. The company offers financial institution core processing, card issuer, and transaction processing services, including the national electronic funds transfer network. Fidelity National Information Services has a market cap of $14.7 billion and is part of the computer software & services industry. The company has a P/E ratio of 26.5, above the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Fidelity National Information Services a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Fidelity National Information Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income 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 Fidelity National Information Services Ratings Report now.

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1. As of noon trading, Charter Communications ( CHTR) is up $1.95 (1.4%) to $138.60 on average volume. Thus far, 544,410 shares of Charter Communications exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $135.27-$138.95 after having opened the day at $135.87 as compared to the previous trading day's close of $136.65.

Charter Communications, Inc., through its subsidiaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States. Charter Communications has a market cap of $14.3 billion and is part of the media industry. Shares are down 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Charter Communications a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Charter Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins. Get the full Charter Communications Ratings Report now.

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If you are interested in one of these 3 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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