3 Services Stocks Driving The 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 92 points (0.6%) at 16,652 as of Wednesday, Aug. 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,209 issues advancing vs. 757 declining with 152 unchanged.

The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Fleetcor Technologies ( FLT), up 8.9%, Pandora Media ( P), up 7.8%, United Continental Holdings ( UAL), up 2.7%, Melco Crown Entertainment ( MPEL), up 2.6% and Sirius XM Holdings ( SIRI), up 2.2%. On the negative front, top decliners within the sector include SeaWorld Entertainment ( SEAS), down 32.5%, Myriad Genetics ( MYGN), down 10.0%, LATAM Airlines Group ( LFL), down 2.5%, eBay ( EBAY), down 0.8% and TJX Companies ( TJX), down 0.8%.

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

3. Visa ( V) is one of the companies pushing the Services sector higher today. As of noon trading, Visa is up $1.61 (0.8%) to $211.51 on light volume. Thus far, 714,544 shares of Visa exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $210.46-$212.10 after having opened the day at $210.53 as compared to the previous trading day's close of $209.90.

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Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. Visa has a market cap of $104.2 billion and is part of the financial services industry. Shares are down 5.6% year-to-date as of the close of trading on Tuesday. Currently there are 20 analysts who rate Visa a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Visa 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, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Visa 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.

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