IM, AVT And TJX, 3 Services Stocks Pushing The Sector Lower

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%. 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%, International ( CTRP), down 3.4% and Netflix ( NFLX), down 2.7%. Top gainers within the sector include Penske Automotive Group ( PAG), up 7.0%, ( AMZN), up 2.9%, Magna International ( MGA), up 2.0%, Wynn Resorts ( WYNN), up 1.9% and Las Vegas Sands ( LVS), up 1.7%.

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

3. Ingram Micro ( IM) is one of the companies pushing the Services sector lower today. As of noon trading, Ingram Micro is down $3.94 (-13.0%) to $26.33 on heavy volume. Thus far, 4.4 million shares of Ingram Micro exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.67-$28.26 after having opened the day at $28.11 as compared to the previous trading day's close of $30.27.

Ingram Micro Inc. distributes information technology (IT) products; and provides IT supply-chain, mobile device lifecycle, and logistics solutions worldwide. Ingram Micro has a market cap of $4.8 billion and is part of the wholesale industry. Shares are up 29.0% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Ingram Micro a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ingram Micro as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Ingram Micro Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Fishing for Acquisition Candidates in a Shallow Deep-Value Pond

Is Kulicke & Soffa a Buyout Candidate?

David Einhorn Cashed Out of These 9 Stocks

Heavy Early Morning Activity On Ingram Micro (IM)

Strong And Under The Radar Today: Ingram Micro (IM)