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 47 points (0.3%) at 15,382 as of Tuesday, May 21, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,570 issues advancing vs. 1,367 declining with 136 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the industry that increased today was T. Rowe Price Group ( TROW), up 0.82.

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

3. Franklin Resources ( BEN) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Franklin Resources is down $1.19 (-0.7%) to $166.66 on average volume Thus far, 361,784 shares of Franklin Resources exchanged hands as compared to its average daily volume of 572,500 shares. The stock has ranged in price between $165.27-$167.60 after having opened the day at $166.32 as compared to the previous trading day's close of $167.85.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. Franklin Resources has a market cap of $35.8 billion and is part of the financial sector. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 33.5% year to date as of the close of trading on Monday.

TheStreet Ratings rates Franklin Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Franklin Resources Ratings Report now.

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2. As of noon trading, CME Group ( CME) is down $0.78 (-1.2%) to $64.48 on average volume Thus far, 802,005 shares of CME Group exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $64.32-$65.20 after having opened the day at $64.95 as compared to the previous trading day's close of $65.26.

CME Group Inc. operates the CME, CBOT, NYMEX COMEX, and KCBT futures exchanges worldwide. It operates CBOT exchange, a marketplace for trading agricultural and the U.S. CME Group has a market cap of $21.8 billion and is part of the financial sector. The company has a P/E ratio of 25.0, above the S&P 500 P/E ratio of 17.7. Shares are up 28.6% year to date as of the close of trading on Monday.

TheStreet Ratings rates CME Group 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 solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CME Group Ratings Report now.

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1. As of noon trading, Bank of New York Mellon ( BK) is down $0.28 (-0.9%) to $30.13 on average volume Thus far, 3.1 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $30.04-$30.60 after having opened the day at $30.41 as compared to the previous trading day's close of $30.41.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $35.3 billion and is part of the financial sector. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 18.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of New York Mellon Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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