CBS, PCLN And NFLX, Pushing Services Sector Downward

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 up 22 points (0.1%) at 17,010 as of Monday, Sept. 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 891 issues advancing vs. 2,107 declining with 158 unchanged.

The Services sector currently sits down 1.0% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include YY ( YY), down 7.3%, JetBlue Airways ( JBLU), down 6.9%, Vipshop Holdings ( VIPS), down 5.4%, Ctrip.com International ( CTRP), down 5.4% and AthenaHealth ( ATHN), down 4.3%.

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

3. CBS ( CBS) is one of the companies pushing the Services sector lower today. As of noon trading, CBS is down $0.43 (-0.8%) to $56.83 on light volume. Thus far, 2.8 million shares of CBS exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $56.71-$57.28 after having opened the day at $57.27 as compared to the previous trading day's close of $57.26.

CBS Corporation operates as a mass media company in the United States and internationally. It operates through Entertainment, Cable Networks, Publishing, Local Broadcasting segments. CBS has a market cap of $28.4 billion and is part of the media industry. Shares are down 10.2% year-to-date as of the close of trading on Friday. Currently there are 16 analysts that rate CBS a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CBS as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, growth in earnings per share, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CBS 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, Priceline Group ( PCLN) is down $18.75 (-1.6%) to $1,145.19 on average volume. Thus far, 429,596 shares of Priceline Group exchanged hands as compared to its average daily volume of 728,400 shares. The stock has ranged in price between $1,139.27-$1,161.50 after having opened the day at $1,161.16 as compared to the previous trading day's close of $1,163.94.

The Priceline Group Inc. operates as an online travel company. Priceline Group has a market cap of $61.7 billion and is part of the diversified services industry. Shares are up 0.1% year-to-date as of the close of trading on Friday. Currently there are 16 analysts that rate Priceline Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Priceline Group 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, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Priceline Group 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, Netflix ( NFLX) is down $14.48 (-3.0%) to $462.07 on average volume. Thus far, 1.5 million shares of Netflix exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $461.64-$477.54 after having opened the day at $477.54 as compared to the previous trading day's close of $476.55.

Netflix, Inc. operates as an Internet television network, is engaged in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. Netflix has a market cap of $28.9 billion and is part of the media industry. Shares are up 29.4% year-to-date as of the close of trading on Friday. Currently there are 16 analysts that rate Netflix a buy, 4 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Netflix as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, 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 Netflix 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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