EDU, MYGN And ULTA, Pushing Diversified Services Industry Downward

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 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Diversified Services industry currently sits up 0.7% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include 51job ( JOBS), down 1.9%, and Hertz Global Holdings ( HTZ), down 1.1%. Top gainers within the industry include Ritchie Bros Auctioneers ( RBA), up 5.6%, TAL Education Group ( XRS), up 4.7%, Financial Engines ( FNGN), up 3.5%, Portfolio Recovery Associates ( PRAA), up 2.7% and Shutterstock ( SSTK), up 2.2%.

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

3. New Oriental Education & Technology Group I ( EDU) is one of the companies pushing the Diversified Services industry lower today. As of noon trading, New Oriental Education & Technology Group I is down $0.28 (-1.1%) to $25.93 on light volume. Thus far, 287,579 shares of New Oriental Education & Technology Group I exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $25.90-$26.19 after having opened the day at $26.04 as compared to the previous trading day's close of $26.21.

New Oriental Education & Technology Group Inc. provides private educational services primarily in the People's Republic of China (PRC). New Oriental Education & Technology Group I has a market cap of $4.1 billion and is part of the services sector. Shares are down 16.8% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate New Oriental Education & Technology Group I a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates New Oriental Education & Technology Group I as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full New Oriental Education & Technology Group I Ratings Report now.

STOCKS TO BUY: 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, Myriad Genetics ( MYGN) is down $0.81 (-2.3%) to $34.50 on light volume. Thus far, 388,692 shares of Myriad Genetics exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $34.49-$35.69 after having opened the day at $35.35 as compared to the previous trading day's close of $35.31.

Myriad Genetics, Inc., a molecular diagnostic company, focuses on the development and marketing of predictive medicine, personalized medicine, and prognostic medicine tests primarily in the United States. Myriad Genetics has a market cap of $2.6 billion and is part of the services sector. Shares are up 68.3% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Myriad Genetics a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Myriad Genetics as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Myriad Genetics Ratings Report now.

STOCKS TO BUY: 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, Ulta Salon Cosmetics & Fragrances ( ULTA) is down $0.59 (-0.7%) to $85.66 on average volume. Thus far, 584,819 shares of Ulta Salon Cosmetics & Fragrances exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $85.47-$87.08 after having opened the day at $86.27 as compared to the previous trading day's close of $86.25.

ULTA Salon, Cosmetics & Fragrance, Inc. operates specialty retail stores in the United States. Its stores offer an assortment of branded and private label beauty products in cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools. Ulta Salon Cosmetics & Fragrances has a market cap of $5.5 billion and is part of the services sector. Shares are down 10.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Ulta Salon Cosmetics & Fragrances a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ulta Salon Cosmetics & Fragrances 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, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Ulta Salon Cosmetics & Fragrances Ratings Report now.

STOCKS TO BUY: 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 diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

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