3 Services Stocks On The Rise

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 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Myriad Genetics ( MYGN), up 12.1%, Urban Outfitters ( URBN), up 3.4%, Sirius XM Holdings ( SIRI), up 3.2%, Staples ( SPLS), up 2.8% and Kroger ( KR), up 2.3%. On the negative front, top decliners within the sector include Apollo Education Group ( APOL), down 8.3%, Vipshop Holdings ( VIPS), down 2.5%, McGraw Hill Financial ( MHFI), down 0.8%, Tyco International ( TYC), down 0.8% and Luxottica Group ( LUX), down 0.7%.

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

3. Target ( TGT) is one of the companies pushing the Services sector higher today. As of noon trading, Target is up $0.53 (0.9%) to $61.10 on light volume. Thus far, 1.3 million shares of Target exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $60.45-$61.14 after having opened the day at $60.50 as compared to the previous trading day's close of $60.57.

Target Corporation operates general merchandise stores in the United States and Canada. Target has a market cap of $38.3 billion and is part of the retail industry. Shares are down 4.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Target a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Target as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Target Ratings Report now.

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