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3 Financial Services Stocks Nudging The Industry Higher

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 16,384 as of Monday, March 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 999 issues advancing vs. 1,928 declining with 160 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Credit Acceptance Corporation ( CACC), up 1.6%. On the negative front, top decliners within the industry include Eaton Vance Corporation ( EV), down 1.5%, Waddell & Reed Financial ( WDR), down 1.2%, NASDAQ OMX Group ( NDAQ), down 0.9%, Nomura Holdings ( NMR), down 0.9% and Legg Mason ( LM), down 0.8%.

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

3. Lazard ( LAZ) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Lazard is up $0.42 (0.9%) to $46.23 on average volume. Thus far, 284,731 shares of Lazard exchanged hands as compared to its average daily volume of 688,200 shares. The stock has ranged in price between $45.51-$46.49 after having opened the day at $45.81 as compared to the previous trading day's close of $45.81.

Lazard Ltd., together with its subsidiaries, operates as a financial advisory and asset management firm. Lazard has a market cap of $5.5 billion and is part of the financial sector. Shares are up 1.8% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Lazard a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Lazard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Lazard Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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