3 Stocks Dragging 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,929 as of Tuesday, June 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 966 issues advancing vs. 1,989 declining with 165 unchanged.

The Services sector currently sits down 0.3% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include AthenaHealth ( ATHN), down 3.9%, Hertz Global Holdings ( HTZ), down 2.6%, Grupo Televisa SAB ( TV), down 2.6%, eBay ( EBAY), down 2.3% and Wynn Resorts ( WYNN), down 2.2%. Top gainers within the sector include New Oriental Education & Technology Group I ( EDU), up 3.5%, Netflix ( NFLX), up 1.9% and Amazon.com ( AMZN), up 1.8%.

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

3. Starbucks ( SBUX) is one of the companies pushing the Services sector lower today. As of noon trading, Starbucks is down $0.82 (-1.1%) to $74.36 on light volume. Thus far, 1.5 million shares of Starbucks exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $74.35-$75.44 after having opened the day at $75.25 as compared to the previous trading day's close of $75.18.

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. Starbucks has a market cap of $56.7 billion and is part of the leisure industry. Shares are down 4.1% year-to-date as of the close of trading on Monday. Currently there are 17 analysts that rate Starbucks a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Starbucks as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Starbucks Ratings Report now.

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