3 Stocks Pushing 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is up 0.3%. Top gainers within the sector include Penske Automotive Group ( PAG), up 7.0%, Amazon.com ( AMZN), up 2.9%, Magna International ( MGA), up 2.0%, Wynn Resorts ( WYNN), up 1.9% and Las Vegas Sands ( LVS), up 1.7%. On the negative front, top decliners within the sector include United Continental Holdings ( UAL), down 7.6%, YY ( YY), down 7.3%, CoStar Group ( CSGP), down 4.3%, Ctrip.com International ( CTRP), down 3.4% and Netflix ( NFLX), down 2.7%.

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

3. Omnicom Group ( OMC) is one of the companies pushing the Services sector higher today. As of noon trading, Omnicom Group is up $0.94 (1.4%) to $69.72 on average volume. Thus far, 975,502 shares of Omnicom Group exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $68.54-$69.75 after having opened the day at $69.21 as compared to the previous trading day's close of $68.78.

Omnicom Group Inc., together with its subsidiaries, operates as an advertising, marketing, and corporate communications services company in the Americas, Europe, the Middle East, Africa, and the Asia pacific. Omnicom Group has a market cap of $18.2 billion and is part of the media industry. Shares are down 7.5% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Omnicom Group a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Omnicom Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Omnicom Group Ratings Report now.

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2. As of noon trading, Whole Foods Market ( WFM) is up $0.98 (2.0%) to $50.78 on average volume. Thus far, 2.8 million shares of Whole Foods Market exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $50.06-$51.33 after having opened the day at $50.19 as compared to the previous trading day's close of $49.80.

Whole Foods Market, Inc. operates as a retailer of natural and organic foods. Whole Foods Market has a market cap of $18.3 billion and is part of the retail industry. Shares are down 13.9% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Whole Foods Market a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Whole Foods Market 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, growth in earnings per share, increase in net income and expanding profit margins. 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 Whole Foods Market 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, Target ( TGT) is up $0.51 (0.8%) to $61.25 on light volume. Thus far, 1.5 million shares of Target exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $60.75-$61.44 after having opened the day at $60.85 as compared to the previous trading day's close of $60.74.

Target Corporation operates general merchandise stores in the United States and Canada. Target has a market cap of $38.2 billion and is part of the retail industry. Shares are down 4.0% year-to-date as of the close of trading on Wednesday. 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.

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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