3 Stocks Driving 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 125 points (-0.7%) at 16,899 as of Tuesday, July 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 2,018 declining with 168 unchanged.

The Services sector currently sits down 1.5% versus the S&P 500, which is down 0.9%. A company within the sector that increased today was Royal Philips ( PHG), up 1.8%. On the negative front, top decliners within the sector include Pandora Media ( P), down 8.2%, Vipshop Holdings ( VIPS), down 6.9%, Ctrip.com International ( CTRP), down 5.9%, Melco Crown Entertainment ( MPEL), down 5.0% and MGM Resorts International ( MGM), down 4.4%.

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

3. Costco Wholesale ( COST) is one of the companies pushing the Services sector higher today. As of noon trading, Costco Wholesale is up $0.78 (0.7%) to $117.10 on average volume. Thus far, 1.1 million shares of Costco Wholesale exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $116.11-$117.14 after having opened the day at $116.45 as compared to the previous trading day's close of $116.32.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company offers branded and private-label products in a range of merchandise categories. Costco Wholesale has a market cap of $51.0 billion and is part of the retail industry. Shares are down 2.2% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Costco Wholesale a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Costco Wholesale 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, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Costco Wholesale Ratings Report now.

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