3 Services Stocks Pushing The 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 16,738 as of Wednesday, June 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,399 issues advancing vs. 1,611 declining with 145 unchanged.

The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Walgreen ( WAG), up 4.1%, Omnicare ( OCR), up 3.2%, Delta Air Lines ( DAL), up 2.5%, Whole Foods Market ( WFM), up 1.9% and H&R Block ( HRB), up 1.9%. On the negative front, top decliners within the sector include AthenaHealth ( ATHN), down 2.6%, Companhia Brasileira De Distribuicao ( CBD), down 1.4%, LATAM Airlines Group ( LFL), down 1.4%, McKesson ( MCK), down 0.9% and Time Warner ( TWX), down 0.6%.

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

3. TJX Companies ( TJX) is one of the companies pushing the Services sector higher today. As of noon trading, TJX Companies is up $0.92 (1.7%) to $55.15 on heavy volume. Thus far, 3.6 million shares of TJX Companies exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $54.12-$55.26 after having opened the day at $54.23 as compared to the previous trading day's close of $54.23.

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. TJX Companies has a market cap of $37.9 billion and is part of the retail industry. Shares are down 14.9% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate TJX Companies a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates TJX Companies 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, good cash flow from operations, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full TJX Companies 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, Costco Wholesale ( COST) is up $0.72 (0.6%) to $116.23 on light volume. Thus far, 501,276 shares of Costco Wholesale exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $115.27-$116.24 after having opened the day at $115.29 as compared to the previous trading day's close of $115.51.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. Costco Wholesale has a market cap of $50.9 billion and is part of the retail industry. Shares are down 3.0% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Costco Wholesale a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Costco Wholesale as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations 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 Costco Wholesale 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, Netflix ( NFLX) is up $4.73 (1.1%) to $422.30 on average volume. Thus far, 1.7 million shares of Netflix exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $413.30-$424.50 after having opened the day at $416.76 as compared to the previous trading day's close of $417.57.

Netflix, Inc. operates as an Internet television network, is engaged in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. Netflix has a market cap of $25.3 billion and is part of the media industry. Shares are up 13.4% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Netflix a buy, 4 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Netflix as a hold. The company's strengths can be seen in multiple areas, such as its robust 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 Netflix 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).

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers