3 Stocks Pushing The Services Sector Downward

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 16,492 as of Wednesday, May 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,744 issues advancing vs. 1,239 declining with 163 unchanged.

The Services sector currently sits down 0.8% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include Whole Foods Market ( WFM), down 18.7%, GNC Holdings ( GNC), down 15.4%, Vipshop Holdings ( VIPS), down 7.1%, Ctrip.com International ( CTRP), down 6.8% and AthenaHealth ( ATHN), down 5.7%. Top gainers within the sector include Caesars Entertainment ( CZR), up 14.8%, Live Nation Entertainment ( LYV), up 8.0%, Directv ( DTV), up 3.2%, Royal Philips ( PHG), up 2.4% and FedEx ( FDX), up 1.6%.

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

3. Wynn Resorts ( WYNN) is one of the companies pushing the Services sector lower today. As of noon trading, Wynn Resorts is down $6.24 (-3.0%) to $201.31 on heavy volume. Thus far, 2.2 million shares of Wynn Resorts exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $196.55-$209.58 after having opened the day at $207.40 as compared to the previous trading day's close of $207.55.

Wynn Resorts, Limited, together with its subsidiaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations. The company operates Wynn Macau and Encore at Wynn Macau resort located in the People's Republic of China. Wynn Resorts has a market cap of $21.9 billion and is part of the leisure industry. Shares are up 6.9% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Wynn Resorts a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Wynn Resorts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Wynn Resorts Ratings Report now.

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