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APO, AMTD And SCHW, 3 Financial Services Stocks Pushing The Industry Lower

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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Orix ( IX), up 0.9%.

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 $0.46 (-1.6%) to $27.50 on light volume. Thus far, 230,551 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $27.24-$28.23 after having opened the day at $28.11 as compared to the previous trading day's close of $27.96.

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 $4.2 billion and is part of the financial sector. Shares are down 11.6% year-to-date as of the close of trading on Friday. Currently there are 7 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. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and feeble growth in its earnings per share. 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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