3 Stocks Driving 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 16 points (0.1%) at 16,549 as of Thursday, May 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,112 issues advancing vs. 834 declining with 184 unchanged.

The Services sector currently sits up 0.6% versus the S&P 500, which is up 0.4%. Top gainers within the sector include YY ( YY), up 8.8%, Williams-Sonoma ( WSM), up 8.4%, Dollar Tree Stores ( DLTR), up 7.4%, Zillow ( Z), up 5.1% and Signet Jewelers ( SIG), up 4.5%. On the negative front, top decliners within the sector include Apollo Education Group ( APOL), down 8.5%, Vipshop Holdings ( VIPS), down 2.6%, PetSmart ( PETM), down 1.8%, eBay ( EBAY), down 1.0% and TJX Companies ( TJX), down 0.8%.

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

3. MGM Resorts International ( MGM) is one of the companies pushing the Services sector higher today. As of noon trading, MGM Resorts International is up $0.59 (2.4%) to $24.78 on average volume. Thus far, 4.3 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 9.8 million shares. The stock has ranged in price between $24.28-$24.83 after having opened the day at $24.30 as compared to the previous trading day's close of $24.19.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. MGM Resorts International has a market cap of $11.7 billion and is part of the leisure industry. Shares are up 2.9% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who rate MGM Resorts International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full MGM Resorts International 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 liked this article you might like

Opposition Party Makes Political Gains in Macau, Changes in Governance Possible

Dow, S&P 500 and Nasdaq at New Records as Promise of Tax Reform Boosts Banks

Stocks Back at Highs as Apple Gains on iPhone 8, iPhone X Release

Tech in Wait-and-See Mode Ahead of Apple Event, Financials Rise on Tax Talk

Stocks Come Off Highs as Apple Wait Counters Boost From Tax Reform Talk