3 Stocks Pushing The Services Sector 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Dreamworks Animation SKG ( DWA), down 11.7%, Michael Kors Holdings ( KORS), down 2.9%, Cencosud ( CNCO), down 2.1%, Delta Air Lines ( DAL), down 2.0% and United Continental Holdings ( UAL), down 1.6%. Top gainers within the sector include Lithia Motors ( LAD), up 13.9%, Altisource Portfolio Solutions ( ASPS), up 7.0%, GasLog ( GLOG), up 6.6%, Myriad Genetics ( MYGN), up 5.0% and Grupo Aeroportuario del Pacifico SAB de CV ( PAC), up 2.9%.

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

3. Rite Aid ( RAD) is one of the companies pushing the Services sector lower today. As of noon trading, Rite Aid is down $0.16 (-2.2%) to $7.05 on heavy volume. Thus far, 25.2 million shares of Rite Aid exchanged hands as compared to its average daily volume of 27.6 million shares. The stock has ranged in price between $6.95-$7.19 after having opened the day at $7.18 as compared to the previous trading day's close of $7.21.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid has a market cap of $7.4 billion and is part of the retail industry. Shares are up 42.5% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Rite Aid a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rite Aid as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full Rite Aid 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, MGM Resorts International ( MGM) is down $0.26 (-1.1%) to $24.64 on light volume. Thus far, 3.3 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $24.34-$24.67 after having opened the day at $24.55 as compared to the previous trading day's close of $24.90.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. MGM Resorts International has a market cap of $12.2 billion and is part of the leisure industry. Shares are up 5.9% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate MGM Resorts International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its 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 MGM Resorts International 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, Amazon.com ( AMZN) is down $2.31 (-0.7%) to $323.96 on light volume. Thus far, 1.4 million shares of Amazon.com exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $323.52-$328.69 after having opened the day at $324.86 as compared to the previous trading day's close of $326.27.

Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. Amazon.com has a market cap of $154.2 billion and is part of the retail industry. Shares are down 18.2% year-to-date as of the close of trading on Friday. Currently there are 26 analysts that rate Amazon.com a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full Amazon.com 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 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).

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