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.

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