3 Stocks Pushing The Financial Services Industry Lower

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 62 points (0.4%) at 14,518 as of Thursday, March 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,087 declining with 143 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the industry include Legg Mason ( LM), up 3.3%, CIT Group ( CIT), up 1.6%, Ameriprise Financial ( AMP), up 1.2%, Franklin Resources ( BEN), up 0.9% and Nomura Holdings ( NMR), up 1.2%.

TheStreet Ratings group 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 $0.60 (-2.5%) to $23.40 on average volume Thus far, 318,784 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 593,700 shares. The stock has ranged in price between $23.32-$24.14 after having opened the day at $24.11 as compared to the previous trading day's close of $24.00.

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 $3.2 billion and is part of the financial sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 38.2% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Apollo Global Management as a sell. The area that we feel has been the company's primary weakness has been its poor profit margins. Get the full Apollo Global Management Ratings Report now.

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2. As of noon trading, E*Trade Financial ( ETFC) is down $0.80 (-6.8%) to $11.02 on heavy volume Thus far, 35.0 million shares of E*Trade Financial exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $10.80-$11.22 after having opened the day at $10.99 as compared to the previous trading day's close of $11.82.

E*TRADE Financial Corporation, a financial services company, provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand in the United States. E*Trade Financial has a market cap of $3.3 billion and is part of the financial sector. Shares are up 27.4% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates E*Trade Financial a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates E*Trade Financial 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 E*Trade Financial Ratings Report now.

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1. As of noon trading, Charles Schwab ( SCHW) is down $0.08 (-0.5%) to $18.02 on heavy volume Thus far, 7.9 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $17.78-$18.34 after having opened the day at $18.00 as compared to the previous trading day's close of $18.11.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, and related financial services to individuals and institutional clients. Charles Schwab has a market cap of $22.7 billion and is part of the financial sector. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7. Shares are up 26.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Charles Schwab a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Charles Schwab as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Charles Schwab Ratings Report now.

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If you are interested in one of these 5 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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