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.

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