3 Stocks Pushing The Specialty Retail Industry Downward

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 fell today was Cabela's ( CAB), up 1.5%. A company within the industry that increased today was Royal Philips ( PHG), up 0.5%.

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

3. CarMax ( KMX) is one of the companies pushing the Specialty Retail industry lower today. As of noon trading, CarMax is down $0.36 (-0.7%) to $50.96 on light volume. Thus far, 452,363 shares of CarMax exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $50.95-$51.41 after having opened the day at $51.41 as compared to the previous trading day's close of $51.32.

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. CarMax has a market cap of $11.5 billion and is part of the services sector. Shares are up 9.1% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate CarMax a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CarMax as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, notable return on equity and increase in stock price during the past year. 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 CarMax Ratings Report now.

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2. As of noon trading, Signet Jewelers ( SIG) is down $1.45 (-1.3%) to $107.46 on average volume. Thus far, 409,841 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 841,900 shares. The stock has ranged in price between $107.31-$109.50 after having opened the day at $109.17 as compared to the previous trading day's close of $108.91.

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 services sector. Shares are up 38.4% year-to-date as of the close of trading on Tuesday. Currently there are 7 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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1. As of noon trading, Michael Kors Holdings ( KORS) is down $0.49 (-0.6%) to $81.73 on light volume. Thus far, 649,297 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $81.62-$82.77 after having opened the day at $82.54 as compared to the previous trading day's close of $82.22.

Michael Kors Holdings Limited is engaged in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $16.6 billion and is part of the consumer goods sector. Shares are up 1.3% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Michael Kors Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Michael Kors Holdings Ratings Report now.

STOCKS TO BUY: 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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