3 Stocks Moving The Services Sector Upward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 37 points (-0.2%) at 16,662 as of Friday, May 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,201 issues advancing vs. 1,742 declining with 169 unchanged.

The Services sector currently sits down 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Big Lots ( BIG), up 12.1%, Dick's Sporting Goods ( DKS), up 3.1%, Michael Kors Holdings ( KORS), up 2.1%, Target ( TGT), up 1.4% and Costco Wholesale ( COST), up 1.4%. On the negative front, top decliners within the sector include Infoblox ( BLOX), down 40.7%, Lions Gate Entertainment ( LGF), down 12.3%, Shutterstock ( SSTK), down 7.4%, Wynn Resorts ( WYNN), down 2.7% and Melco Crown Entertainment ( MPEL), down 2.5%.

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

3. Kroger ( KR) is one of the companies pushing the Services sector higher today. As of noon trading, Kroger is up $0.70 (1.5%) to $47.40 on light volume. Thus far, 1.2 million shares of Kroger exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $46.68-$47.58 after having opened the day at $46.68 as compared to the previous trading day's close of $46.70.

The Kroger Co., together with its subsidiaries, operates as a retailer worldwide. The company also manufactures and processes food for sale in its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Kroger has a market cap of $23.8 billion and is part of the retail industry. Shares are up 18.1% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Kroger a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Kroger as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Kroger Ratings Report now.

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2. As of noon trading, Macy's ( M) is up $0.33 (0.6%) to $59.49 on light volume. Thus far, 1.2 million shares of Macy's exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $59.14-$59.93 after having opened the day at $59.14 as compared to the previous trading day's close of $59.16.

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. Macy's has a market cap of $21.6 billion and is part of the retail industry. Shares are up 10.8% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Macy's a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Macy's 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, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Macy's 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, CVS Caremark ( CVS) is up $0.46 (0.6%) to $78.12 on average volume. Thus far, 2.0 million shares of CVS Caremark exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $77.68-$78.49 after having opened the day at $77.80 as compared to the previous trading day's close of $77.66.

CVS Caremark Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. CVS Caremark has a market cap of $90.3 billion and is part of the retail industry. Shares are up 8.5% year-to-date as of the close of trading on Thursday. Currently there are 15 analysts who rate CVS Caremark a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CVS Caremark as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full CVS Caremark 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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