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APO, TSS And CIT, Pushing Financial Services Industry Downward

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 or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 30 points (0.2%) at 15,994 as of Thursday, Feb. 13, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,823 issues advancing vs. 1,044 declining with 196 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include CapitalSource (CSE), down 1.8%, AllianceBernstein Holding L.P (AB), down 1.0%, Och-Ziff Capital Management Group (OZM), down 1.0%, Affiliated Managers Group (AMG), down 0.9% and Nomura Holdings (NMR), down 1.3%. Top gainers within the industry include Fortress Investment Group (FIG), up 5.8%, Carlyle Group (CG), up 1.1%, LPL Financial Holdings (LPLA), up 1.6% and Oaktree Capital Group (OAK), up 1.4%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Apollo Global Management (APO) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Apollo Global Management is down $0.33 (-1.0%) to $31.76 on light volume. Thus far, 286,378 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 999,600 shares. The stock has ranged in price between $31.30-$31.99 after having opened the day at $31.84 as compared to the previous trading day's close of $32.09.

Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. Apollo Global Management has a market cap of $4.6 billion and is part of the financial sector. Shares are up 1.5% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 2 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 weak operating cash flow. Get the full Apollo Global Management Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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