SYY, TJX And TGT, Pushing Services Sector Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Services sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Jacobs Engineering Group ( JEC), down 2.3%, Hertz Global Holdings ( HTZ), down 1.2% and Dollar General ( DG), down 0.7%. Top gainers within the sector include Nexstar Broadcasting Group ( NXST), up 15.2%, Sinclair Broadcast Group ( SBGI), up 13.8%, Golar LNG ( GLNG), up 5.4%, AthenaHealth ( ATHN), up 5.1% and Gannett ( GCI), up 4.3%.

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

3. Sysco ( SYY) is one of the companies pushing the Services sector lower today. As of noon trading, Sysco is down $0.23 (-0.6%) to $37.56 on average volume. Thus far, 1.1 million shares of Sysco exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $37.39-$37.83 after having opened the day at $37.81 as compared to the previous trading day's close of $37.79.

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. Sysco has a market cap of $21.7 billion and is part of the wholesale industry. Shares are up 4.7% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate Sysco a buy, 2 analysts rate it a sell, and 6 rate it a hold.

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

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