SBUX, WAG And WMT, Pushing 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 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 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 AthenaHealth ( ATHN), down 4.7%, YY ( YY), down 3.9%, Fleetcor Technologies ( FLT), down 3.6%, Whole Foods Market ( WFM), down 1.9% and Dollar Tree Stores ( DLTR), down 1.9%. Top gainers within the sector include Lions Gate Entertainment Corporation ( LGF), up 6.0%, United Continental Holdings ( UAL), up 3.0%, DISH Network ( DISH), up 1.4%, Comcast ( CMCSA), up 1.4% and Amazon.com ( AMZN), up 1.4%.

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

3. Starbucks Corporation ( SBUX) is one of the companies pushing the Services sector lower today. As of noon trading, Starbucks Corporation is down $0.39 (-0.5%) to $71.27 on light volume. Thus far, 1.7 million shares of Starbucks Corporation exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $71.17-$72.09 after having opened the day at $71.99 as compared to the previous trading day's close of $71.66.

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. Starbucks Corporation has a market cap of $53.3 billion and is part of the leisure industry. Shares are down 10.1% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Starbucks Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Starbucks Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Starbucks Corporation Ratings Report now.

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