3 Stocks Pushing The Financial Services Industry Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include CIT Group ( CIT), up 1.3%, Bank of New York Mellon ( BK), up 0.9%, TD Ameritrade Holding Corporation ( AMTD), up 0.9%, Goldman Sachs Group ( GS), up 0.8% and Discover Financial Services ( DFS), up 0.8%.

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

3. Nomura Holdings ( NMR) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Nomura Holdings is down $0.05 (-0.7%) to $7.40 on light volume. Thus far, 184,072 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 881,900 shares. The stock has ranged in price between $7.38-$7.43 after having opened the day at $7.38 as compared to the previous trading day's close of $7.45.

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. The company operates through three divisions: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $26.9 billion and is part of the financial sector. Shares are up 26.9% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Nomura Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nomura Holdings as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that revenues have generally been declining. Get the full Nomura Holdings 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, Franklin Resources ( BEN) is down $0.47 (-1.0%) to $46.47 on light volume. Thus far, 848,973 shares of Franklin Resources exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $46.46-$47.32 after having opened the day at $46.76 as compared to the previous trading day's close of $46.94.

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 $29.6 billion and is part of the financial sector. Shares are up 11.3% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 6 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, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. 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.

1. As of noon trading, BlackRock ( BLK) is down $1.59 (-0.6%) to $264.51 on light volume. Thus far, 261,442 shares of BlackRock exchanged hands as compared to its average daily volume of 762,300 shares. The stock has ranged in price between $262.58-$266.88 after having opened the day at $265.87 as compared to the previous trading day's close of $266.10.

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 $44.3 billion and is part of the financial sector. Shares are up 27.6% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, expanding profit margins and good cash flow from operations. 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 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.

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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