5 Services Stocks Pushing The Sector Higher

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.

The Services sector currently sits up 0.9% versus the S&P 500, which is up 0.7%. Top gainers within the sector include Furiex Pharmaceuticals ( FURX), up 128.4%, Yum Brands ( YUM), up 7.6%, McGraw Hill Financial ( MHFI), up 4.0%, Grupo Televisa S.A.B ( TV), up 2.9% and DISH Network ( DISH), up 2.7%. On the negative front, top decliners within the sector include Rockwell Automation ( ROK), down 1.1%, McKesson ( MCK), down 1.0% and MasterCard Incorporated ( MA), down 0.5%.

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

5. Michael Kors Holdings ( KORS) is one of the companies pushing the Services sector higher today. As of noon trading, Michael Kors Holdings is up $13.41 (17.5%) to $90.08 on heavy volume. Thus far, 15.7 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $89.62-$93.18 after having opened the day at $93.00 as compared to the previous trading day's close of $76.67.

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $16.3 billion and is part of the specialty retail industry. The company has a P/E ratio of 32.5, above the S&P 500 P/E ratio of 17.7. Shares are down 5.6% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Michael Kors Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Michael Kors Holdings Ratings Report now.

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