Services Stocks with Big Declines in Morning Trade Action August 31st

Through the early part of trading on Wednesday, August 31, 2011, these stocks are bringing down the Services (NYSE:IYC) sector. 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.

AT&T Inc. (NYSE:T) is among the price losers in the sector. Its shares are trading at $28.63, which is $1.14 (-3.3%) below the previous close of $29.62. AT&T announced it will bring back 5,000 jobs to the U.S. from abroad. Meanwhie, the the U.S. government is working at blocking the company’s bid for T-mobile. AT&T Inc. is a holding company whose subsidiaries and affiliates provides wireless and wireline telecommunications services and products to consumers and businesses worldwide. It also provides directory advertising and publishing services in the United States and international markets.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $1.58 (-5.1%) from $31.20 to $29.62. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 4, 2010 when shares rose for eight straight trading days, rising 4% (+$1.08). It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six straight trading days, falling 4% (-$1.23).

Verizon Communications (NYSE:VZ) stocks are trading at $36.19. This is 11 cents (-0.3%) below the previous close of $36.31, making the company one of the biggest price losers in the sector today. The company is currently paying a 5.4% dividend to shareholders today. Verizon Communications, Inc. provides communications services through Domestic Wireless and Wireline segments.

Stock Price Performance: From June 6, 2011, to August 30, 2011, the stock price had risen $1.55 (4.5%) from $34.76 to $36.31. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 31, 2011 when shares rose for 12 straight trading days, rising 12.4% (+$4.13). It saw one of its worst periods between July 8, 2011 and July 18, 2011 when shares fell for seven straight trading days, falling 2.1% (-77 cents).

Shares of Waste Management, Inc. (NYSE:WM) are trading at $33.28, down 25 cents (-0.6%) from the previous close of $33.47. The company is paying a 4% dividend to shareholders and recently priced a $500 million debt offering. Waste Management, Inc. is a provider of integrated waste services in North America. It provides collection, transfer, recycling, disposal and waste-to-energy services.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $4.02 (-10.6%) from $37.92 to $33.90. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 22, 2010 when shares rose for 10 straight trading days, rising 5.4% (+$1.77). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 16.2% (-$5.91).

Digital Realty Trust, Inc. (NYSE:DLR) is one of the sector losers in price. Its shares are trading at $59.76, down 3 cents (-0.3%) from the previous close of $59.91. The company pays a 4.6% dividend to shareholders. Digital Realty Trust, Inc. is a real estate investment trust, which is engaged in the business of owning, acquiring, developing, redeveloping and managing technology-related real estate.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $2.88 (-4.6%) from $62.79 to $59.91. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 17.3% (-$10.58). The stock price saw one of its best stretches over the last year between December 17, 2010 and January 3, 2011 when shares rose for 11 straight trading days, rising 7.8% (+$3.70).

CTC Media, Inc. (NASDAQ:CTCM) is among the price losers in the sector as its stock price is $16.07, down 3 cents (-0.2%) from the previous close of $16.10. Earlier this month, Credit Suisse downgraded the company’s shares and issued a new price target of $15. Investors are still waiting as the pullback continues. CTC Media, Inc. is an independent media company, which operates three Russian television networks : CTC, its flagship network, Domashny and DTV.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $5.88 (-26.4%) from $22.29 to $16.41. The stock price saw one of its best stretches over the last year between May 23, 2011 and May 31, 2011 when shares rose for six straight trading days, rising 10.5% (+$1.91). It saw one of its worst periods between May 10, 2011 and May 17, 2011 when shares fell for six straight trading days, falling 9.4% (-$1.89).