3 Services Stocks Pushing The Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 62 points (0.4%) at 17,123 as of Wednesday, July 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,271 declining with 202 unchanged.

The Services sector currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Time Warner ( TWX), up 15.9%, and CBS ( CBS), up 2.1%. On the negative front, top decliners within the sector include TJX Companies ( TJX), down 1.9%, Target ( TGT), down 1.0% and Walt Disney ( DIS), down 0.9%.

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

3. Discovery Communications ( DISCK) is one of the companies pushing the Services sector higher today. As of noon trading, Discovery Communications is up $5.21 (6.7%) to $82.61 on heavy volume. Thus far, 529,983 shares of Discovery Communications exchanged hands as compared to its average daily volume of 693,800 shares. The stock has ranged in price between $79.27-$82.78 after having opened the day at $79.74 as compared to the previous trading day's close of $77.40.

Discovery Communications, Inc. operates as a media company worldwide. The company operates in three segments: U.S. Networks, International Networks, and Education. Discovery Communications has a market cap of $5.8 billion and is part of the media industry. Shares are down 7.7% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Discovery Communications a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Discovery Communications as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, 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 lackluster performance in the stock itself. Get the full Discovery Communications Ratings Report now.

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