3 Stocks Advancing The Services Sector
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All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 91 points (-0.5%) at 16,894 as of Thursday, July 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 864 issues advancing vs. 2,123 declining with 163 unchanged.
The Services sector currently sits down 1.0% versus the S&P 500, which is down 0.4%. Top gainers within the sector include AthenaHealth (ATHN), up 3.8%, Sirius XM Holdings (SIRI), up 1.0%, Paychex (PAYX), up 0.8% and Charter Communications (CHTR), up 0.8%. On the negative front, top decliners within the sector include Lumber Liquidators Holdings (LL), down 20.1%, Luxottica Group SpA (LUX), down 2.8%, L Brands (LB), down 2.7%, Royal Philips (PHG), down 2.4% and CarMax (KMX), down 2.0%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3. Vipshop Holdings (VIPS) is one of the companies pushing the Services sector higher today. As of noon trading, Vipshop Holdings is up $2.55 (1.4%) to $188.45 on average volume. Thus far, 487,659 shares of Vipshop Holdings exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $177.55-$188.50 after having opened the day at $178.23 as compared to the previous trading day's close of $185.90.
Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. Vipshop Holdings has a market cap of $10.3 billion and is part of the retail industry. Shares are up 122.2% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Vipshop Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates Vipshop Holdings as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Vipshop Holdings Ratings Report now.