3 Services Stocks Driving The 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 263 points (1.5%) at 18,187 as of Friday, May 8, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,517 issues advancing vs. 522 declining with 92 unchanged.

The Services sector currently sits up 0.7% versus the S&P 500, which is up 1.3%. Top gainers within the sector include Vipshop Holdings ( VIPS), up 3.9%, Royal Caribbean Cruises ( RCL), up 3.8%, Carnival ( CCL), up 3.5%, Southwest Airlines ( LUV), up 3.0% and Hilton Worldwide Holdings ( HLT), up 2.9%. On the negative front, top decliners within the sector include CBS ( CBS), down 1.2%, and Priceline Group ( PCLN), down 0.7%.

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

3. CVS Health ( CVS) is one of the companies pushing the Services sector higher today. As of noon trading, CVS Health is up $1.12 (1.1%) to $100.48 on light volume. Thus far, 1.7 million shares of CVS Health exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $99.85-$101.10 after having opened the day at $99.85 as compared to the previous trading day's close of $99.36.

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CVS Health 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 Health has a market cap of $111.6 billion and is part of the health services industry. Shares are up 2.7% year-to-date as of the close of trading on Thursday. Currently there are 16 analysts who rate CVS Health a buy, no analysts rate it a sell, and 1 rates it a hold.

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

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2. As of noon trading, Home Depot ( HD) is up $2.78 (2.5%) to $112.82 on heavy volume. Thus far, 4.0 million shares of Home Depot exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $112.11-$113.48 after having opened the day at $112.48 as compared to the previous trading day's close of $110.04.

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The Home Depot, Inc. operates as a home improvement retailer. Home Depot has a market cap of $140.6 billion and is part of the retail industry. Shares are up 3.2% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Home Depot a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and expanding profit margins. 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 Home Depot Ratings Report now.

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1. As of noon trading, McDonald's ( MCD) is up $1.53 (1.6%) to $98.31 on average volume. Thus far, 4.6 million shares of McDonald's exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $97.79-$99.15 after having opened the day at $98.19 as compared to the previous trading day's close of $96.78.

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McDonald's Corporation operates and franchises McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company's restaurants offer various food products, soft drinks, coffee, and other beverages. McDonald's has a market cap of $92.5 billion and is part of the leisure industry. Shares are up 2.9% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate McDonald's a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates McDonald's as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full McDonald's Ratings Report now.

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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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