3 Stocks Dragging The Services Sector Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 37 points (-0.2%) at 16,809 as of Friday, June 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,843 issues advancing vs. 1,114 declining with 177 unchanged.

The Services sector currently sits up 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Dollar General ( DG), down 7.2%, Family Dollar Stores ( FDO), down 3.6%, Ctrip.com International ( CTRP), down 1.8%, CoStar Group ( CSGP), down 1.7% and Tractor Supply ( TSCO), down 1.5%. Top gainers within the sector include Vipshop Holdings ( VIPS), up 3.6%, Trinity Industries ( TRN), up 2.7%, Foot Locker ( FL), up 2.7%, Mercadolibre ( MELI), up 2.5% and Shaw Communications ( SJR), up 2.2%.

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 $0.09 (-1.2%) to $7.20 on average volume. Thus far, 12.8 million shares of Rite Aid exchanged hands as compared to its average daily volume of 30.0 million shares. The stock has ranged in price between $7.18-$7.29 after having opened the day at $7.27 as compared to the previous trading day's close of $7.29.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid has a market cap of $7.0 billion and is part of the retail industry. Shares are up 44.1% year-to-date as of the close of trading on Thursday. 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, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins. Get the full Rite Aid Ratings Report now.

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