3 Stocks Driving The Services 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Services sector currently sits down 0.6% versus the S&P 500, which is down 0.3%. Top gainers within the sector include PHI ( PHII), up 97.5%, GasLog ( GLOG), up 6.8%, Golar LNG ( GLNG), up 4.2%, CH Robinson Worldwide ( CHRW), up 2.0% and Chipotle Mexican Grill ( CMG), up 1.6%. On the negative front, top decliners within the sector include Ulta Salon Cosmetics & Fragrances ( ULTA), down 5.1%, Fastenal Company ( FAST), down 3.6%, L Brands ( LB), down 3.1%, H&R Block ( HRB), down 3.0% and Fleetcor Technologies ( FLT), down 2.6%.

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

3. Rite Aid Corporation ( RAD) is one of the companies pushing the Services sector higher today. As of noon trading, Rite Aid Corporation is up $0.13 (1.9%) to $7.07 on heavy volume. Thus far, 29.5 million shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 21.5 million shares. The stock has ranged in price between $6.73-$7.25 after having opened the day at $6.73 as compared to the previous trading day's close of $6.94.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation has a market cap of $6.2 billion and is part of the retail industry. Shares are up 37.1% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Rite Aid Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rite Aid Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. Get the full Rite Aid 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, Sirius XM Holdings ( SIRI) is up $0.10 (3.4%) to $3.20 on heavy volume. Thus far, 58.2 million shares of Sirius XM Holdings exchanged hands as compared to its average daily volume of 68.3 million shares. The stock has ranged in price between $3.10-$3.24 after having opened the day at $3.13 as compared to the previous trading day's close of $3.10.

Sirius XM Holdings Inc. provides satellite radio services in the United States and Canada. Sirius XM Holdings has a market cap of $19.0 billion and is part of the media industry. Shares are down 11.2% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Sirius XM Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Sirius XM Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sirius XM 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, eBay ( EBAY) is up $0.28 (0.5%) to $54.36 on average volume. Thus far, 6.0 million shares of eBay exchanged hands as compared to its average daily volume of 13.6 million shares. The stock has ranged in price between $53.61-$54.47 after having opened the day at $53.89 as compared to the previous trading day's close of $54.08.

eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. eBay has a market cap of $70.9 billion and is part of the specialty retail industry. Shares are down 1.4% year-to-date as of the close of trading on Thursday. Currently there are 20 analysts who rate eBay a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates eBay 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, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full eBay 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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