3 Stocks Advancing The Financial Services Industry

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the industry include Goldman Sachs Group ( GS), up 0.7%, and Western Union Company ( WU), up 0.5%. On the negative front, top decliners within the industry include Noah Holdings ( NOAH), down 4.3%, WisdomTree Investments ( WETF), down 1.6%, Financial Engines ( FNGN), down 1.2%, CBOE Holdings ( CBOE), down 1.0% and SEI Investments Company ( SEIC), down 0.8%.

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

3. Raymond James Financial ( RJF) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Raymond James Financial is up $0.36 (0.7%) to $52.51 on average volume. Thus far, 300,699 shares of Raymond James Financial exchanged hands as compared to its average daily volume of 660,300 shares. The stock has ranged in price between $52.30-$52.72 after having opened the day at $52.40 as compared to the previous trading day's close of $52.15.

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. Raymond James Financial has a market cap of $7.2 billion and is part of the financial sector. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are down 0.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Raymond James Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Raymond James Financial Ratings Report now.

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2. As of noon trading, Invesco ( IVZ) is up $0.19 (0.5%) to $36.31 on average volume. Thus far, 1.6 million shares of Invesco exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $36.30-$36.73 after having opened the day at $36.59 as compared to the previous trading day's close of $36.12.

Invesco Ltd. is a publicly owned investment manager. It primarily provides its services to institutional clients including major public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, and financial institutions. Invesco has a market cap of $15.9 billion and is part of the financial sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Invesco a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Invesco Ratings Report now.

3x UPSIDE POTENTIAL: 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, State Street ( STT) is up $0.40 (0.5%) to $75.10 on average volume. Thus far, 975,801 shares of State Street exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $74.92-$76.24 after having opened the day at $74.99 as compared to the previous trading day's close of $74.70.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. State Street has a market cap of $32.1 billion and is part of the financial sector. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full State Street Ratings Report now.

3x UPSIDE POTENTIAL: 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 3 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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