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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