SIG, KSS And LUV, 3 Services Stocks Pushing The Sector Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include United Continental Holdings ( UAL), down 6.1%, Delta Air Lines ( DAL), down 5.5%, Golar LNG ( GLNG), down 3.3%, Ryanair Holdings ( RYAAY), down 3.2% and Paychex ( PAYX), down 2.9%. Top gainers within the sector include Shutterfly ( SFLY), up 13.7%, Greenbrier Companies ( GBX), up 11.1%, Trinity Industries ( TRN), up 2.6%, Westinghouse Air Brake Technologies ( WAB), up 2.2% and CBS ( CBS), up 1.8%.

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

3. Signet Jewelers ( SIG) is one of the companies pushing the Services sector lower today. As of noon trading, Signet Jewelers is down $1.58 (-1.4%) to $110.32 on light volume. Thus far, 313,701 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 868,600 shares. The stock has ranged in price between $110.29-$113.18 after having opened the day at $111.58 as compared to the previous trading day's close of $111.90.

Signet Jewelers Limited is engaged in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company operates through US and UK divisions. Signet Jewelers has a market cap of $8.9 billion and is part of the specialty retail industry. Shares are up 42.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Signet Jewelers a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Signet Jewelers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Signet Jewelers Ratings Report now.

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