3 Services Stocks Dragging The Sector Down

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 157 points (1.0%) at 16,184 as of Monday, April 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,280 issues advancing vs. 712 declining with 128 unchanged.

The Services sector currently sits up 0.7% versus the S&P 500, which is up 1.0%. On the negative front, top decliners within the sector include Ryanair Holdings ( RYAAY), down 1.3%, and Carnival Corporation ( CCL), down 1.3%. Top gainers within the sector include MasterCard Incorporated ( MA), up 4.4%, Walgreen Company ( WAG), up 2.7%, Moody's Corporation ( MCO), up 2.5%, Directv ( DTV), up 2.4% and Fastenal Company ( FAST), up 1.9%.

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

3. Royal Philips ( PHG) is one of the companies pushing the Services sector lower today. As of noon trading, Royal Philips is down $0.37 (-1.1%) to $34.39 on average volume. Thus far, 260,324 shares of Royal Philips exchanged hands as compared to its average daily volume of 568,700 shares. The stock has ranged in price between $34.16-$34.40 after having opened the day at $34.36 as compared to the previous trading day's close of $34.76.

Koninklijke Philips N.V. is engaged in healthcare, consumer lifestyle, and lighting businesses worldwide. Royal Philips has a market cap of $33.0 billion and is part of the consumer durables industry. Shares are down 6.0% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Royal Philips a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Philips as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Royal Philips Ratings Report now.

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