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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 24 points (-0.2%) at 13,886 as of Thursday, Jan. 31, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,515 declining with 144 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Orix Corporation ( IX), up 2.6%, and Nomura Holdings ( NMR), up 0.7%. On the negative front, top decliners within the industry include Discover Financial Services ( DFS), down 0.9%, Charles Schwab ( SCHW), down 0.7%, Morgan Stanley ( MS), down 0.7%, American Express ( AXP), down 0.5% and Capital One Financial ( COF), down 0.4%.

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

3. 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 $0.91 (4.4%) to $21.85 on average volume Thus far, 201,691 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 377,000 shares. The stock has ranged in price between $20.85-$22.12 after having opened the day at $20.91 as compared to the previous trading day's close of $20.94.

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 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 22.1% year to date as of the close of trading on Wednesday. Currently there are 6 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 poor profit margins. Get the full Apollo Global Management Ratings Report now.

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