3 Stocks Dragging In The Financial Services Industry

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 132 points (0.9%) at 15,423 as of Thursday, July 11, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 2,501 issues advancing vs. 485 declining with 57 unchanged.

The Financial Services industry currently sits up 0.6% versus the S&P 500, which is up 1.0%. Top gainers within the industry include Orix Corporation ( IX), up 2.9%, Blackstone Group ( BX), up 2.3%, T. Rowe Price Group ( TROW), up 2.5%, Affiliated Managers Group ( AMG), up 2.2% and Nomura Holdings ( NMR), up 2.4%.

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

3. TD Ameritrade Holding Corporation ( AMTD) is one of the companies pushing the Financial Services industry lower today. As of noon trading, TD Ameritrade Holding Corporation is down $0.81 (-3.1%) to $25.35 on heavy volume. Thus far, 3.2 million shares of TD Ameritrade Holding Corporation exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $25.12-$26.54 after having opened the day at $26.50 as compared to the previous trading day's close of $26.16.

TD Ameritrade Holding Corporation provides securities brokerage services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. TD Ameritrade Holding Corporation has a market cap of $14.5 billion and is part of the financial sector. Shares are up 55.6% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate TD Ameritrade Holding Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates TD Ameritrade Holding Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full TD Ameritrade Holding Corporation 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, IntercontinentalExchange ( ICE) is down $2.05 (-1.1%) to $177.22 on average volume. Thus far, 360,222 shares of IntercontinentalExchange exchanged hands as compared to its average daily volume of 725,300 shares. The stock has ranged in price between $177.01-$181.45 after having opened the day at $180.74 as compared to the previous trading day's close of $179.27.

IntercontinentalExchange, Inc. operates regulated global markets and clearing houses primarily in the United States, the United Kingdom, Canada, and Brazil. IntercontinentalExchange has a market cap of $12.8 billion and is part of the financial sector. Shares are up 44.8% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate IntercontinentalExchange a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full IntercontinentalExchange 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, Charles Schwab ( SCHW) is down $0.55 (-2.5%) to $21.39 on heavy volume. Thus far, 9.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $21.38-$22.29 after having opened the day at $22.29 as compared to the previous trading day's close of $21.94.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services to individuals and institutional clients. The company operates through two segments, Investor Services and Institutional Services. Charles Schwab has a market cap of $28.4 billion and is part of the financial sector. Shares are up 52.8% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Charles Schwab a buy, 4 analysts rate it a sell, and 8 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, increase in net income and solid stock price performance. 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.

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).
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