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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2. As of noon trading, SEI Investments Company ( SEIC) is up $0.63 (2.4%) to $26.96 on heavy volume Thus far, 622,295 shares of SEI Investments Company exchanged hands as compared to its average daily volume of 706,800 shares. The stock has ranged in price between $25.95-$26.99 after having opened the day at $26.20 as compared to the previous trading day's close of $26.33.

SEI Investments Co. is a publicly owned investment manager. The firm provides wealth management and investment advisory services to its clients through its subsidiaries. SEI Investments Company has a market cap of $4.4 billion and is part of the financial sector. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate SEI Investments Company a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates SEI Investments Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full SEI Investments Company Ratings Report now.

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1. As of noon trading, Blackstone Group ( BX) is up $1.15 (6.6%) to $18.59 on heavy volume Thus far, 6.4 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $17.96-$18.95 after having opened the day at $18.05 as compared to the previous trading day's close of $17.44.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $9.5 billion and is part of the financial sector. The company has a P/E ratio of 107.2, above the S&P 500 P/E ratio of 17.7. Shares are up 16.9% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Blackstone Group Ratings Report now.

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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.
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