3 Stocks Improving Performance Of The Specialty Retail Industry

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 down 42 points (-0.2%) at 17,072 as of Wednesday, July 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,641 issues advancing vs. 1,297 declining with 186 unchanged.

The Specialty Retail industry currently is unchanged today versus the S&P 500, which is up 0.1%. A company within the industry that increased today was Royal Philips ( PHG), up 0.5%. A company within the industry that fell today was Cabela's ( CAB), up 1.5%.

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

3. Lithia Motors ( LAD) is one of the companies pushing the Specialty Retail industry higher today. As of noon trading, Lithia Motors is up $2.93 (3.2%) to $93.36 on heavy volume. Thus far, 644,052 shares of Lithia Motors exchanged hands as compared to its average daily volume of 358,600 shares. The stock has ranged in price between $93.00-$97.00 after having opened the day at $93.95 as compared to the previous trading day's close of $90.43.

Lithia Motors, Inc. operates as an automotive franchisee and retailer of new and used vehicles in the United States. Lithia Motors has a market cap of $2.2 billion and is part of the services sector. Shares are up 30.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Lithia Motors a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Lithia Motors as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Lithia Motors Ratings Report now.

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2. As of noon trading, Office Depot ( ODP) is up $0.09 (1.8%) to $5.15 on average volume. Thus far, 3.9 million shares of Office Depot exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $5.06-$5.25 after having opened the day at $5.06 as compared to the previous trading day's close of $5.06.

Office Depot, Inc., together with its subsidiaries, supplies office products and services. Office Depot has a market cap of $2.7 billion and is part of the services sector. Shares are down 4.3% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Office Depot a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Office Depot as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. Get the full Office Depot Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, PetSmart ( PETM) is up $0.47 (0.7%) to $69.81 on light volume. Thus far, 580,757 shares of PetSmart exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $68.92-$69.86 after having opened the day at $69.08 as compared to the previous trading day's close of $69.34.

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. PetSmart has a market cap of $6.9 billion and is part of the services sector. Shares are down 4.7% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate PetSmart a buy, 1 analyst rates it a sell, and 16 rate it a hold.

TheStreet Ratings rates PetSmart as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full PetSmart Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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