3 Stocks Improving Performance Of The Specialty Retail Industry

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Specialty Retail industry currently sits up 0.5% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was Cencosud ( CNCO), up 1.7%.

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

3. Office Depot ( ODP) is one of the companies pushing the Specialty Retail industry higher today. As of noon trading, Office Depot is up $0.30 (5.9%) to $5.42 on heavy volume. Thus far, 9.5 million shares of Office Depot exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $5.28-$5.54 after having opened the day at $5.29 as compared to the previous trading day's close of $5.12.

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

Office Depot, Inc., together with its subsidiaries, supplies office products and services. Office Depot has a market cap of $2.8 billion and is part of the services sector. Shares are down 3.2% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Office Depot a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Office Depot as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins. Get the full Office Depot 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, Staples ( SPLS) is up $0.86 (7.4%) to $12.54 on heavy volume. Thus far, 20.9 million shares of Staples exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $12.03-$12.69 after having opened the day at $12.20 as compared to the previous trading day's close of $11.68.

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

Staples, Inc., together with its subsidiaries, operates office products superstores. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations. Staples has a market cap of $7.5 billion and is part of the services sector. Shares are down 26.5% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Staples a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Staples as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full Staples 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, Michael Kors Holdings ( KORS) is up $0.65 (0.8%) to $80.77 on average volume. Thus far, 1.6 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $79.96-$81.54 after having opened the day at $80.20 as compared to the previous trading day's close of $80.12.

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

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 $16.4 billion and is part of the consumer goods sector. Shares are down 1.3% year-to-date as of the close of trading on Friday. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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.

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 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).

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