3 Stocks Pushing The Services Sector Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 115 points (0.7%) at 16,388 as of Friday, Feb. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,987 issues advancing vs. 938 declining with 158 unchanged.

The Services sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include American Public Education ( APEI), down 21.5%, KBR ( KBR), down 14.8%, Wendy's ( WEN), down 4.2%, Ctrip.com International ( CTRP), down 3.1% and Starbucks Corporation ( SBUX), down 2.2%. Top gainers within the sector include Central European Media ( CETV), up 65.1%, Mercadolibre ( MELI), up 14.2%, Kroger ( KR), up 3.0%, LKQ Corporation ( LKQ), up 2.9% and Target ( TGT), up 2.8%.

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

3. Sothebys ( BID) is one of the companies pushing the Services sector lower today. As of noon trading, Sothebys is down $3.96 (-7.9%) to $46.41 on heavy volume. Thus far, 2.4 million shares of Sothebys exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $46.06-$48.35 after having opened the day at $48.29 as compared to the previous trading day's close of $50.37.

Sotheby's operates as an auctioneer of authenticated fine art, decorative art, and jewelry. The company operates in three segments: Auction, Finance, and Dealer. Sothebys has a market cap of $3.5 billion and is part of the specialty retail industry. Shares are down 5.3% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Sothebys a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Sothebys as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Sothebys Ratings Report now.

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