3 Services Stocks Pushing Sector Growth

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 57 points (0.3%) at 16,611 as of Monday, Aug. 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,452 issues advancing vs. 535 declining with 124 unchanged.

The Services sector currently sits up 1.2% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Mattress Firm ( MFRM), up 14.0%, Ctrip.com International ( CTRP), up 4.1%, Vipshop Holdings ( VIPS), up 3.5%, Sysco ( SYY), up 3.3% and Priceline Group ( PCLN), up 3.1%. On the negative front, top decliners within the sector include Copa Holdings ( CPA), down 3.2%, Melco Crown Entertainment ( MPEL), down 1.7% and L Brands ( LB), down 0.9%.

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

3. Time Warner ( TWX) is one of the companies pushing the Services sector higher today. As of noon trading, Time Warner is up $0.81 (1.1%) to $74.04 on average volume. Thus far, 3.9 million shares of Time Warner exchanged hands as compared to its average daily volume of 8.2 million shares. The stock has ranged in price between $73.45-$74.71 after having opened the day at $73.58 as compared to the previous trading day's close of $73.23.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in four segments: Turner, Home Box Office, Warner Bros., and Time Inc. Time Warner has a market cap of $61.6 billion and is part of the media industry. Shares are up 5.0% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Time Warner a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Time Warner 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, notable return on equity, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Time Warner Ratings Report now.

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