3 Stocks Pulling 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 5 points (0.0%) at 16,932 as of Tuesday, June 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,934 issues advancing vs. 1,059 declining with 170 unchanged.

The Services sector currently sits up 0.5% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include CarMax ( KMX), down 2.2%, Carnival ( CCL), down 1.5%, United Continental Holdings ( UAL), down 1.0% and Royal Philips ( PHG), down 0.9%. Top gainers within the sector include Pandora Media ( P), up 3.4%, Melco Crown Entertainment ( MPEL), up 2.6%, MGM Resorts International ( MGM), up 2.2%, Advance Auto Parts ( AAP), up 2.0% and Liberty Global ( LBTYA), up 1.9%.

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

3. Canadian Pacific Railway ( CP) is one of the companies pushing the Services sector lower today. As of noon trading, Canadian Pacific Railway is down $3.09 (-1.7%) to $180.18 on heavy volume. Thus far, 879,487 shares of Canadian Pacific Railway exchanged hands as compared to its average daily volume of 809,600 shares. The stock has ranged in price between $179.24-$181.18 after having opened the day at $181.18 as compared to the previous trading day's close of $183.27.

Canadian Pacific Railway Limited, through its subsidiaries, operates a transcontinental railway in Canada and the United States. The company provides logistics and supply chain expertise services. Canadian Pacific Railway has a market cap of $32.2 billion and is part of the transportation industry. Shares are up 21.1% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate Canadian Pacific Railway a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Pacific Railway as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Canadian Pacific Railway Ratings Report now.

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