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 87 points (0.5%) at 16,606 as of Thursday, May 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,938 issues advancing vs. 1,065 declining with 159 unchanged.

The Services sector currently sits up 0.6% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Zillow ( Z), up 7.9%, Hain Celestial Group ( HAIN), up 6.9%, Copa Holdings ( CPA), up 6.7%, Twenty-First Century Fox ( FOX), up 6.7% and Expeditors International of Washington ( EXPD), up 5.8%. On the negative front, top decliners within the sector include Directv ( DTV), down 4.5%, MGM Resorts International ( MGM), down 2.3%, Las Vegas Sands ( LVS), down 1.2%, FedEx ( FDX), down 0.9% and Comcast ( CMCSA), down 0.6%.

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

3. Union Pacific ( UNP) is one of the companies pushing the Services sector higher today. As of noon trading, Union Pacific is up $1.15 (0.6%) to $189.50 on average volume. Thus far, 993,923 shares of Union Pacific exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $187.90-$189.60 after having opened the day at $188.35 as compared to the previous trading day's close of $188.35.

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in the United States. Union Pacific has a market cap of $84.8 billion and is part of the transportation industry. Shares are up 12.1% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Union Pacific a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Union Pacific as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity 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 Union Pacific 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.

2. As of noon trading, Time Warner ( TWX) is up $0.64 (0.9%) to $68.46 on light volume. Thus far, 1.8 million shares of Time Warner exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $67.59-$68.63 after having opened the day at $67.59 as compared to the previous trading day's close of $67.82.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in four segments: Turner, Home Box Office, Warner Bros., and Time Inc. Time Warner has a market cap of $59.5 billion and is part of the media industry. Shares are down 2.7% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Time Warner a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Time Warner 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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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 Time Warner 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, Starbucks ( SBUX) is up $0.54 (0.8%) to $70.28 on light volume. Thus far, 1.8 million shares of Starbucks exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $69.51-$70.50 after having opened the day at $69.60 as compared to the previous trading day's close of $69.74.

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. Starbucks has a market cap of $52.4 billion and is part of the leisure industry. Shares are down 11.0% year-to-date as of the close of trading on Wednesday. Currently there are 17 analysts who rate Starbucks a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Starbucks as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Starbucks 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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