3 Specialty Retail Stocks Pushing The Industry 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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Specialty Retail industry currently sits up 0.3% versus the S&P 500, which is up 0.4%. A company within the industry that increased today was Genuine Parts ( GPC), up 1.2%. On the negative front, top decliners within the industry include Netflix ( NFLX), down 1.2%, and Cencosud ( CNCO), down 1.2%.

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

3. Signet Jewelers ( SIG) is one of the companies pushing the Specialty Retail industry higher today. As of noon trading, Signet Jewelers is up $1.81 (1.8%) to $103.91 on light volume. Thus far, 170,315 shares of Signet Jewelers exchanged hands as compared to its average daily volume of 809,800 shares. The stock has ranged in price between $102.11-$103.91 after having opened the day at $102.17 as compared to the previous trading day's close of $102.10.

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 $8.2 billion and is part of the services sector. Shares are up 29.7% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who 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.

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

2. As of noon trading, CarMax ( KMX) is up $0.61 (1.2%) to $50.00 on light volume. Thus far, 285,628 shares of CarMax exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $49.48-$50.06 after having opened the day at $49.49 as compared to the previous trading day's close of $49.39.

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 $11.0 billion and is part of the services sector. Shares are up 5.0% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who 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 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 CarMax 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, Michael Kors Holdings ( KORS) is up $0.85 (1.1%) to $79.60 on light volume. Thus far, 1.3 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $78.33-$80.27 after having opened the day at $78.75 as compared to the previous trading day's close of $78.75.

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 $16.3 billion and is part of the consumer goods sector. Shares are down 3.0% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 7 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, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Michael Kors Holdings 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).
null

If you liked this article you might like

Jim Cramer: Looking for Treasure in the Cellar

Jim Cramer: Looking for Treasure in the Cellar

Don't Get Caught Out in the Cold: Cramer's 'Mad Money' Recap (Friday 1/5/18)

Don't Get Caught Out in the Cold: Cramer's 'Mad Money' Recap (Friday 1/5/18)

Cramer: Looking for Treasure in the Cellar

Cramer: Looking for Treasure in the Cellar

Bitcoin Rebounds Instead of Collapsing, and That's Impressive

Bitcoin Rebounds Instead of Collapsing, and That's Impressive

What Amazon Effect? 8 Favorite Stocks in Specialty Retailing

What Amazon Effect? 8 Favorite Stocks in Specialty Retailing