BEN, BX, BLK, COF And AXP, Pushing Financial Services Industry Downward

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 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Financial Services industry currently sits down 0.86 versus the S&P 500, which is down 0.89. On the negative front, top decliners within the industry include Nomura Holdings ( NMR), down 4.53, Visa ( V), down 0.81 and MasterCard Incorporated ( MA), down 0.50. A company within the industry that increased today was State Street ( STT), up 1.28.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Franklin Resources ( BEN) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Franklin Resources is down $3.14 (-1.9%) to $161.67 on average volume Thus far, 294,811 shares of Franklin Resources exchanged hands as compared to its average daily volume of 568,600 shares. The stock has ranged in price between $161.65-$165.12 after having opened the day at $163.66 as compared to the previous trading day's close of $164.81.

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 $34.6 billion and is part of the financial sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are up 29.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Franklin Resources a buy, 1 analyst rates it a sell, and 5 rate it a hold.

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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Franklin Resources Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Blackstone Group ( BX) is down $0.85 (-3.7%) to $22.25 on average volume Thus far, 3.6 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $22.00-$23.20 after having opened the day at $23.09 as compared to the previous trading day's close of $23.10.

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 $12.6 billion and is part of the financial sector. The company has a P/E ratio of 38.4, above the S&P 500 P/E ratio of 17.7. Shares are up 48.2% year to date as of the close of trading on Tuesday. Currently there are 9 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 robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Blackstone Group Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, BlackRock ( BLK) is down $4.42 (-1.5%) to $283.90 on average volume Thus far, 340,575 shares of BlackRock exchanged hands as compared to its average daily volume of 726,600 shares. The stock has ranged in price between $283.80-$288.86 after having opened the day at $286.31 as compared to the previous trading day's close of $288.32.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $47.8 billion and is part of the financial sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 37.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate BlackRock a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates BlackRock 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full BlackRock Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Capital One Financial ( COF) is down $0.49 (-0.8%) to $61.32 on average volume Thus far, 1.9 million shares of Capital One Financial exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $61.07-$62.02 after having opened the day at $61.32 as compared to the previous trading day's close of $61.81.

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States. Capital One Financial has a market cap of $35.7 billion and is part of the financial sector. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Tuesday. Currently there are 19 analysts that rate Capital One Financial a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Capital One Financial Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, American Express ( AXP) is down $0.46 (-0.6%) to $75.70 on average volume Thus far, 2.6 million shares of American Express exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $75.39-$76.66 after having opened the day at $75.80 as compared to the previous trading day's close of $76.16.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $82.7 billion and is part of the financial sector. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are up 30.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate American Express a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full American Express Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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.
null

If you liked this article you might like

Perennial Wall Street Runner-Up Greg Fleming Is Now Rockefellers' Money Man

Perennial Wall Street Runner-Up Greg Fleming Is Now Rockefellers' Money Man

Intermediate Trade: Franklin Resources

Intermediate Trade: Franklin Resources

BlackRock Gets Record ETF Inflows as Investors Sour on Stock Pickers

BlackRock Gets Record ETF Inflows as Investors Sour on Stock Pickers

Some Emerging Markets Post Eye-Popping Growth Rates

Some Emerging Markets Post Eye-Popping Growth Rates

Mutual Funds Lost $5.4 Billion in Puerto Rico, WSJ Says

Mutual Funds Lost $5.4 Billion in Puerto Rico, WSJ Says