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.

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