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%, Ctrip.com International ( CTRP), down 3.4% and Netflix ( NFLX), down 2.7%. 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%.

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.

2. As of noon trading, Avnet ( AVT) is down $2.94 (-6.3%) to $43.78 on heavy volume. Thus far, 1.4 million shares of Avnet exchanged hands as compared to its average daily volume of 886,700 shares. The stock has ranged in price between $42.15-$44.37 after having opened the day at $43.33 as compared to the previous trading day's close of $46.72.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. Avnet has a market cap of $6.5 billion and is part of the wholesale industry. Shares are up 5.9% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Avnet a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avnet 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 and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avnet 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.

1. As of noon trading, TJX Companies ( TJX) is down $0.55 (-0.9%) to $58.30 on average volume. Thus far, 1.6 million shares of TJX Companies exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $58.03-$59.09 after having opened the day at $59.02 as compared to the previous trading day's close of $58.85.

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. TJX Companies has a market cap of $42.0 billion and is part of the retail industry. Shares are down 7.7% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate TJX Companies a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates TJX Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 shows low profit margins. Get the full TJX Companies 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 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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