3 Stocks Pushing 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.

The Services sector currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the sector include Fresh Market ( TFM), up 7.3%, Ross Stores ( ROST), up 6.8%, GameStop ( GME), up 5.7%, Foot Locker ( FL), up 3.1% and Tim Hortons ( THI), up 2.9%. On the negative front, top decliners within the sector include LATAM Airlines Group ( LFL), down 1.8%, Western Union ( WU), down 1.5%, Companhia Brasileira De Distribuicao ( CBD), down 1.4%, Verisk Analytics ( VRSK), down 1.1% and Ctrip.com International ( CTRP), down 1.1%.

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

3. Macy's ( M) is one of the companies pushing the Services sector higher today. As of noon trading, Macy's is up $0.95 (1.6%) to $61.65 on heavy volume. Thus far, 2.9 million shares of Macy's exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $60.89-$61.85 after having opened the day at $60.97 as compared to the previous trading day's close of $60.70.

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Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. Macy's has a market cap of $21.7 billion and is part of the retail industry. Shares are up 13.7% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Macy's a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. 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 Macy's 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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