3 Stocks Dragging 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,877 as of Thursday, June 19, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,663 issues advancing vs. 1,297 declining with 187 unchanged.

The Services sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Pier 1 Imports ( PIR), down 13.2%, KBR ( KBR), down 10.1%, Rite Aid ( RAD), down 3.3%, Ctrip.com International ( CTRP), down 2.2% and CBS ( CBS), down 1.7%. Top gainers within the sector include Ryanair Holdings ( RYAAY), up 1.5%, Melco Crown Entertainment ( MPEL), up 1.6%, Las Vegas Sands ( LVS), up 1.1%, Southwest Airlines ( LUV), up 0.9% and Directv ( DTV), up 0.7%.

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

3. TJX Companies ( TJX) is one of the companies pushing the Services sector lower today. As of noon trading, TJX Companies is down $0.26 (-0.5%) to $55.30 on light volume. Thus far, 1.0 million shares of TJX Companies exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $55.09-$55.58 after having opened the day at $55.58 as compared to the previous trading day's close of $55.56.

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 $38.3 billion and is part of the retail industry. Shares are down 12.8% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that 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, good cash flow from operations, growth in earnings per share, 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 shows low profit margins. Get the full TJX Companies Ratings Report now.

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