3 Stocks Underperforming Today In The Services Sector

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Services sector currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Pandora Media ( P), down 2.4%, LATAM Airlines Group ( LFL), down 2.0%, SBA Communications ( SBAC), down 1.4%, Cencosud ( CNCO), down 1.2% and Visa ( V), down 0.6%. Top gainers within the sector include United Continental Holdings ( UAL), up 3.8%, Gannett ( GCI), up 2.9%, Melco Crown Entertainment ( MPEL), up 2.5%, Alliance Data Systems ( ADS), up 1.9% and Liberty Global ( LBTYK), up 1.5%.

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

3. Cardinal Health ( CAH) is one of the companies pushing the Services sector lower today. As of noon trading, Cardinal Health is down $0.39 (-0.6%) to $70.24 on light volume. Thus far, 769,178 shares of Cardinal Health exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $70.19-$71.00 after having opened the day at $70.73 as compared to the previous trading day's close of $70.63.

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. Cardinal Health has a market cap of $24.2 billion and is part of the wholesale industry. Shares are up 5.7% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that rate Cardinal Health a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cardinal Health as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance 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 Cardinal Health Ratings Report now.

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