3 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 108 points (0.7%) at 16,372 as of Friday, March 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,438 issues advancing vs. 544 declining with 153 unchanged.

The Services sector currently sits up 1.2% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Restoration Hardware Holdings ( RH), up 11.8%, New Oriental Education & Technology Group I ( EDU), up 7.0%, GameStop ( GME), up 6.5%, H&R Block ( HRB), up 5.3% and Vipshop Holdings ( VIPS), up 4.3%.

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

3. FedEx Corporation ( FDX) is one of the companies pushing the Services sector higher today. As of noon trading, FedEx Corporation is up $0.81 (0.6%) to $132.92 on average volume. Thus far, 1.0 million shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $132.34-$133.40 after having opened the day at $132.44 as compared to the previous trading day's close of $132.11.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FedEx Corporation has a market cap of $39.0 billion and is part of the transportation industry. Shares are down 8.1% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts who rate FedEx Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates FedEx Corporation 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full FedEx Corporation Ratings Report now.

3x UPSIDE POTENTIAL: 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, Michael Kors Holdings ( KORS) is up $1.50 (1.6%) to $93.04 on light volume. Thus far, 561,676 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $91.55-$93.39 after having opened the day at $91.55 as compared to the previous trading day's close of $91.54.

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 $18.8 billion and is part of the specialty retail industry. Shares are up 12.8% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Michael Kors Holdings a buy, 2 analysts rate 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 good cash flow from operations. 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.

3x UPSIDE POTENTIAL: 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, Lowe's Companies ( LOW) is up $0.41 (0.8%) to $48.95 on light volume. Thus far, 1.5 million shares of Lowe's Companies exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $48.63-$49.02 after having opened the day at $48.84 as compared to the previous trading day's close of $48.54.

Lowe's Companies, Inc. operates as a home improvement retailer. It offers products for maintenance, repair, remodeling, and home decorating. Lowe's Companies has a market cap of $50.8 billion and is part of the retail industry. Shares are down 2.0% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Lowe's Companies a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Lowe's Companies 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, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Lowe's Companies Ratings Report now.

3x UPSIDE POTENTIAL: 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 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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