3 Stocks Boosting 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include YY ( YY), up 5.8%, Gannett ( GCI), up 3.8%, Royal Caribbean Cruises ( RCL), up 2.9%, Dollar Tree Stores ( DLTR), up 2.1% and Charter Communications ( CHTR), up 2.1%. On the negative front, top decliners within the sector include Michael Kors Holdings ( KORS), down 7.0%, Cardinal Health ( CAH), down 5.1%, McKesson ( MCK), down 1.5%, Luxottica Group SpA ( LUX), down 1.2% and Delta Air Lines ( DAL), down 1.0%.

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

3. CBS ( CBS) is one of the companies pushing the Services sector higher today. As of noon trading, CBS is up $0.69 (1.2%) to $57.72 on light volume. Thus far, 2.9 million shares of CBS exchanged hands as compared to its average daily volume of 14.6 million shares. The stock has ranged in price between $57.05-$57.84 after having opened the day at $57.20 as compared to the previous trading day's close of $57.03.

CBS Corporation operates as a mass media company in the United States and internationally. It operates through Entertainment, Cable Networks, Publishing, Local Broadcasting segments. CBS has a market cap of $30.1 billion and is part of the media industry. Shares are down 10.5% year-to-date as of the close of trading on Friday. Currently there are 17 analysts who rate CBS a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CBS as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full CBS Ratings Report now.

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2. As of noon trading, Priceline Group ( PCLN) is up $42.10 (3.4%) to $1,288.00 on average volume. Thus far, 545,358 shares of Priceline Group exchanged hands as compared to its average daily volume of 752,500 shares. The stock has ranged in price between $1,246.53-$1,288.00 after having opened the day at $1,247.55 as compared to the previous trading day's close of $1,245.90.

The Priceline Group Inc. operates as an online travel company. Priceline Group has a market cap of $65.1 billion and is part of the diversified services industry. Shares are up 7.2% year-to-date as of the close of trading on Friday. Currently there are 15 analysts who rate Priceline Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Priceline Group 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. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Priceline Group Ratings Report now.

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1. As of noon trading, Amazon.com ( AMZN) is up $8.28 (2.7%) to $315.34 on average volume. Thus far, 2.6 million shares of Amazon.com exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $308.50-$316.18 after having opened the day at $308.84 as compared to the previous trading day's close of $307.06.

Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. Amazon.com has a market cap of $144.6 billion and is part of the retail industry. Shares are down 23.0% year-to-date as of the close of trading on Friday. Currently there are 19 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Amazon.com as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. Get the full Amazon.com Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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