3 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 model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Financial Services industry currently sits down 0.3% versus the S&P 500, which is up 0.0%. A company within the industry that increased today was Brookfield Asset Management ( BAM), up 0.7%. On the negative front, top decliners within the industry include Orix Corporation ( IX), down 1.2%, CIT Group ( CIT), down 0.9% and Invesco ( IVZ), down 0.6%.

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

3. AllianceBernstein Holding L.P ( AB) is one of the companies pushing the Financial Services industry higher today. As of noon trading, AllianceBernstein Holding L.P is up $0.81 (4.7%) to $17.89 on heavy volume Thus far, 415,096 shares of AllianceBernstein Holding L.P exchanged hands as compared to its average daily volume of 346,300 shares. The stock has ranged in price between $17.09-$17.95 after having opened the day at $17.10 as compared to the previous trading day's close of $17.08.

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. AllianceBernstein Holding L.P has a market cap of $1.7 billion and is part of the financial sector. The company has a P/E ratio of -10.0, below the S&P 500 P/E ratio of 17.7. Shares are up 27.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate AllianceBernstein Holding L.P a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates AllianceBernstein Holding L.P as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full AllianceBernstein Holding L.P Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

2. As of noon trading, IntercontinentalExchange ( ICE) is up $0.70 (0.5%) to $130.57 on light volume Thus far, 115,738 shares of IntercontinentalExchange exchanged hands as compared to its average daily volume of 509,900 shares. The stock has ranged in price between $128.75-$131.11 after having opened the day at $129.80 as compared to the previous trading day's close of $129.87.

IntercontinentalExchange, Inc. operates regulated exchanges, clearing houses, and over-the-counter (OTC) markets for agricultural, credit, currency, emissions, energy, and equity index contracts. IntercontinentalExchange has a market cap of $9.5 billion and is part of the financial sector. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate IntercontinentalExchange a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full IntercontinentalExchange Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

1. As of noon trading, TD Ameritrade Holding Corporation ( AMTD) is up $0.10 (0.6%) to $15.65 on light volume Thus far, 481,507 shares of TD Ameritrade Holding Corporation exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $15.55-$15.65 after having opened the day at $15.57 as compared to the previous trading day's close of $15.55.

TD Ameritrade Holding Corporation, through its subsidiaries, provides securities brokerage services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. TD Ameritrade Holding Corporation has a market cap of $8.4 billion and is part of the financial sector. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate TD Ameritrade Holding Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates TD Ameritrade Holding Corporation as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full TD Ameritrade Holding Corporation Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

A reminder about TheStreet Ratings group: 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 model.

null

More from Markets

Jim Cramer on the Problem With the Case for More Rate Hikes

Jim Cramer on the Problem With the Case for More Rate Hikes

Video: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

Video: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

'Strong Case for More Rate Hikes,' Says Fed Chair Jerome Powell

'Strong Case for More Rate Hikes,' Says Fed Chair Jerome Powell

Fed Chief Uncertain About Policy-Making as Unemployment Hits 18-Year Low

Fed Chief Uncertain About Policy-Making as Unemployment Hits 18-Year Low

Boeing Rises on $6.6 Billion Deal With FedEx

Boeing Rises on $6.6 Billion Deal With FedEx