5 Financial Services Stocks Driving The Industry Higher

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include SLM ( SLM), up 1.5%, Western Union Company ( WU), up 1.1%, Ameriprise Financial ( AMP), up 0.9%, Discover Financial Services ( DFS), up 0.8% and Bank of New York Mellon ( BK), up 0.6%. On the negative front, top decliners within the industry include First Cash Financial Services ( FCFS), down 1.9%, IntercontinentalExchange Group ( ICE), down 1.1% and Invesco ( IVZ), down 0.6%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Nomura Holdings ( NMR) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Nomura Holdings is up $0.21 (2.8%) to $7.80 on light volume. Thus far, 192,156 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 526,700 shares. The stock has ranged in price between $7.75-$7.82 after having opened the day at $7.82 as compared to the previous trading day's close of $7.59.

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 $28.1 billion and is part of the financial sector. The company has a P/E ratio of 84.2, above the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nomura Holdings a buy, 1 analyst rates 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 increase in stock price during the past year, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Nomura Holdings 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.

4. As of noon trading, Apollo Global Management ( APO) is up $0.39 (1.1%) to $34.35 on average volume. Thus far, 683,025 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 997,000 shares. The stock has ranged in price between $33.96-$34.69 after having opened the day at $33.99 as compared to the previous trading day's close of $33.96.

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 $4.8 billion and is part of the financial sector. The company has a P/E ratio of 7.9, below the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Tuesday. Currently there are 10 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. Get the full Apollo Global Management 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.

3. As of noon trading, NASDAQ OMX Group ( NDAQ) is up $0.30 (0.8%) to $40.37 on average volume. Thus far, 458,930 shares of NASDAQ OMX Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $40.26-$40.74 after having opened the day at $40.70 as compared to the previous trading day's close of $40.07.

The NASDAQ OMX Group, Inc. delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services worldwide. NASDAQ OMX Group has a market cap of $6.7 billion and is part of the financial sector. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate NASDAQ OMX Group a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates NASDAQ OMX Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full NASDAQ OMX Group 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.

2. As of noon trading, TD Ameritrade Holding Corporation ( AMTD) is up $0.25 (0.8%) to $30.88 on light volume. Thus far, 407,733 shares of TD Ameritrade Holding Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $30.54-$31.02 after having opened the day at $30.64 as compared to the previous trading day's close of $30.63.

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 $16.8 billion and is part of the financial sector. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7. Shares are down 0.0% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate TD Ameritrade Holding Corporation a buy, no analysts rate it a sell, and 5 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, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. 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.

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, Charles Schwab ( SCHW) is up $0.36 (1.4%) to $25.90 on light volume. Thus far, 2.4 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $25.51-$25.92 after having opened the day at $25.58 as compared to the previous trading day's close of $25.54.

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 $33.3 billion and is part of the financial sector. The company has a P/E ratio of 36.9, above the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Charles Schwab a buy, 2 analysts rate it a sell, and 6 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, expanding profit margins, 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 somewhat disappointing return on equity. Get the full Charles Schwab 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 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).

null

More from Markets

Jim Cramer on Earnings: All Stories Aren't Equal

Jim Cramer on Earnings: All Stories Aren't Equal

Stocks Seek Direction Amid a Rise in Bond Yields, Strong Earnings

Stocks Seek Direction Amid a Rise in Bond Yields, Strong Earnings

4 Stocks Making Important Moves Wednesday

4 Stocks Making Important Moves Wednesday

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know