3 Stocks Boosting The Services 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Services sector currently sits down 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Luxottica Group SpA ( LUX), up 3.3%, Dollar General ( DG), up 1.1%, Paychex ( PAYX), up 1.2%, Rockwell Automation ( ROK), up 1.1% and Thomson Reuters ( TRI), up 0.9%. On the negative front, top decliners within the sector include Vipshop Holdings ( VIPS), down 5.7%, CBS ( CBS), down 3.6%, Whole Foods Market ( WFM), down 3.3%, Darden Restaurants ( DRI), down 2.8% and Ctrip.com International ( CTRP), down 2.2%.

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

3. Norfolk Southern ( NSC) is one of the companies pushing the Services sector higher today. As of noon trading, Norfolk Southern is up $1.04 (1.0%) to $104.20 on average volume. Thus far, 697,748 shares of Norfolk Southern exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $103.18-$104.32 after having opened the day at $103.45 as compared to the previous trading day's close of $103.16.

Norfolk Southern Corporation, together with its subsidiaries, is engaged in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2013, it operated approximately 20,000 miles of road in 22 states and the District of Columbia. Norfolk Southern has a market cap of $31.8 billion and is part of the transportation industry. Shares are up 11.1% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Norfolk Southern a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Norfolk Southern as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Norfolk Southern Ratings Report now.

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