CBS and These 4 Stocks are Dragging on the Services Sector Now

Media and leisure stocks are bringing down the Services (NYSE:IYC) sector this morning amidst a general market selloff. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Shares of CBS Corporation (NYSE:CBS) are trading at $22.03, down $1.32 (-5.7%) from the previous close of $23.36. CBS Corporation is a mass media company with operations in entertainment, cable networks, publishing, local broadcasting and radio.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $5.31 (-18.5%) from $28.67 to $23.36. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 11% (-$3.26). The stock price saw one of its best stretches over the last year between June 22, 2011 and July 5, 2011 when shares rose for nine straight trading days, rising 7.2% (+$1.91).

Starwood Hotel & Resorts Worldwide, Inc. (NYSE:HOT) is among the price losers in the sector. Its shares are trading at $39.99, which is $2.06 (-4.9%) below the previous close of $42.04. Starwood Hotels & Resorts Worldwide Inc. operates hotel and leisure business. Its brand names include St. Regis, The Luxury Collection, W, Westin and Le Mridien.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $16.09 (-27.7%) from $58.13 to $42.04. The stock price saw one of its best stretches over the last year between April 14, 2011 and April 21, 2011 when shares rose for six straight trading days, rising 7.4% (+$4.21). It saw one of its worst periods between March 30, 2011 and April 11, 2011 when shares fell for nine straight trading days, falling 3.3% (-$1.91).

Gannett Co., Inc. (NYSE:GCI) stocks are trading at $9.80. This is 63 cents (-6.1%) below the previous close of $10.44, making the company one of the biggest price losers in the sector today. Gannett Co., Inc. is an international news and information company operating mainly in the realms of publishing, digital and broadcasting.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $3.74 (-26.4%) from $14.18 to $10.44. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 8, 2010 when shares rose for seven straight trading days, rising 20.7% (+$2.69). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 26.1% (-$3.55).

Sotheby’s (NYSE:BID) is among the price losers in the sector. Its shares are trading at $33.12, which is $1.70 (-5%) below the previous close of $34.85. Sothebys is an auctioneer of authenticated fine art, antiques and decorative art, jewelry and collectibles.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $12.52 (-26.4%) from $47.37 to $34.85. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 18.5% (+$7.46). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 12.4% (-$5.60).

Ryder System, Inc. (NYSE:R) is among the price losers in the sector as its stock price is $41.88, down $2.45 (-5.6%) from the previous close of $44.35. Ryder System, Inc. is a global provider of transportation and supply chain management solutions. Its business is divided into three segments of specialization: Fleet Management Solutions, Supply Chain Solutions and Dedicated Contract Carriage. .

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $13.36 (-23.2%) from $57.71 to $44.35. The stock price saw one of its best stretches over the last year between December 13, 2010 and December 21, 2010 when shares rose for seven straight trading days, rising 10.2% (+$4.66). It saw one of its worst periods between July 27, 2011 and August 8, 2011 when shares fell for nine straight trading days, falling 26.3% (-$15.13).

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