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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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.

2. As of noon trading, CVS Caremark ( CVS) is up $0.53 (0.7%) to $79.51 on average volume. Thus far, 2.0 million shares of CVS Caremark exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $78.91-$79.58 after having opened the day at $78.91 as compared to the previous trading day's close of $78.98.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

CVS Caremark Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. CVS Caremark has a market cap of $92.2 billion and is part of the retail industry. Shares are up 10.3% year-to-date as of the close of trading on Thursday. Currently there are 16 analysts who rate CVS Caremark a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CVS Caremark as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full CVS Caremark 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.

1. As of noon trading, Time Warner ( TWX) is up $0.56 (0.7%) to $77.32 on light volume. Thus far, 1.5 million shares of Time Warner exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $76.36-$77.49 after having opened the day at $76.75 as compared to the previous trading day's close of $76.76.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $65.8 billion and is part of the media industry. Shares are up 10.1% year-to-date as of the close of trading on Thursday. 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Time Warner 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.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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