Apollo Global Management LLC (APO): Today's Featured Financial Services Laggard

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.

Apollo Global Management ( APO) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Apollo Global Management fell $0.31 (-1.0%) to $30.78 on light volume. Throughout the day, 733,923 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 1,006,600 shares. The stock ranged in price between $30.64-$31.44 after having opened the day at $31.15 as compared to the previous trading day's close of $31.09. Other companies within the Financial Services industry that declined today were: PowerShares DB Base Metals Double Short ETN ( BOM), down 7.9%, ProShares UltraShort Russell1000 Growth ( SFK), down 7.7%, VelocityShares Daily 2x VIX Short Term ETN ( TVIX), down 6.2% and Direxion Daily Russia Bear 3X Shares ( RUSS), down 5.4%.

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 $4.4 billion and is part of the financial sector. The company has a P/E ratio of 7.2, below the S&P 500 P/E ratio of 17.7. Shares are up 75.3% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Apollo Global Management as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow.

On the positive front, IntercontinentalExchange Group ( ICE), up 13.7%, iPath Long Extended Russell 1000 TR Index E ( ROLA), up 6.0%, Mexico Fund ( MXF), up 6.0% and ProShares Ultra MSCI Pacific ex-Japan ( UXJ), up 6.0% , were all gainers within the financial services industry with Bank of New York Mellon ( BK) being today's featured financial services industry leader.

For investors not wanting singular stock exposure, 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).

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 liked this article you might like

Albertsons-Plated Deal Likely 'First Domino to Fall' In Meal Kit M&A

Blackstone Could See $3 Billion Windfall With Vivint IPO or Sale

DowDupont Closes Higher in First Day of Trading, Company Still Faces Challenges

Apple Is the Tom Brady of Stocks: Cramer's 'Mad Money' Recap (Thursday 8/31/17)

Boeing, Pure Storage, Activision Blizzard: 'Mad Money' Lightning Round