4 Stocks Pushing The Financial Services Industry Higher
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelOne out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 1 points (-0.0%) at 13,971 as of Friday, Feb. 15, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,429 issues advancing vs. 1,408 declining with 163 unchanged.The Financial Services industry currently is unchanged today versus the S&P 500, which is unchanged. A company within the industry that increased today was Blackstone Group (BX), up 2.3%. A company within the industry that fell today was Morgan Stanley (MS), up 1.0%.TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:4. Apollo Global Management (APO) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Apollo Global Management is up $0.57 (2.7%) to $21.79 on heavy volume Thus far, 413,826 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 425,200 shares. The stock has ranged in price between $21.25-$21.98 after having opened the day at $21.25 as compared to the previous trading day's close of $21.22. Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to pension and endowment funds, institutional investors, individual investors, pooled investment vehicles, and corporations. Apollo Global Management has a market cap of $2.8 billion and is part of the financial sector. The company has a P/E ratio of 5.7, below the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Apollo Global Management as a sell. Among the areas we feel are negative, one of the most important has been poor profit margins. Get the full Apollo Global Management Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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