5 Stocks Pushing The Financial Services Industry Lower

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 54 points (-0.3%) at 16,409 as of Thursday, Jan. 9, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,224 issues advancing vs. 1,713 declining with 144 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Virtus Investment Partners ( VRTS), down 2.9%, MarketAxess Holdings ( MKTX), down 2.1%, Western Union Company ( WU), down 1.4%, Invesco ( IVZ), down 1.0% and Nomura Holdings ( NMR), down 0.8%. A company within the industry that increased today was Raymond James Financial ( RJF), up 0.9%.

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

5. Waddell & Reed Financial ( WDR) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Waddell & Reed Financial is down $0.73 (-1.1%) to $65.95 on average volume. Thus far, 250,160 shares of Waddell & Reed Financial exchanged hands as compared to its average daily volume of 653,600 shares. The stock has ranged in price between $65.78-$67.12 after having opened the day at $66.94 as compared to the previous trading day's close of $66.68.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. Waddell & Reed Financial has a market cap of $5.7 billion and is part of the financial sector. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Waddell & Reed Financial a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Waddell & Reed Financial 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. 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 Waddell & Reed Financial 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.

4. As of noon trading, KKR ( KKR) is down $0.24 (-0.9%) to $25.54 on light volume. Thus far, 614,650 shares of KKR exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $25.46-$25.88 after having opened the day at $25.86 as compared to the previous trading day's close of $25.78.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, and middle market investments. KKR has a market cap of $7.4 billion and is part of the financial sector. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are up 5.9% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate KKR a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full KKR 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.

3. As of noon trading, T. Rowe Price Group ( TROW) is down $0.82 (-1.0%) to $83.10 on light volume. Thus far, 445,016 shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $82.86-$84.22 after having opened the day at $84.00 as compared to the previous trading day's close of $83.92.

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. T. Rowe Price Group has a market cap of $21.9 billion and is part of the financial sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate T. Rowe Price Group a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates T. Rowe Price Group 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, increase in stock price during the past year and growth in earnings per share. 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 T. Rowe Price Group 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, American Express ( AXP) is down $1.16 (-1.3%) to $88.25 on average volume. Thus far, 1.4 million shares of American Express exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $88.07-$89.93 after having opened the day at $89.86 as compared to the previous trading day's close of $89.41.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $95.7 billion and is part of the financial sector. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are down 1.4% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate American Express a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full American Express 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, Goldman Sachs Group ( GS) is down $1.22 (-0.7%) to $177.22 on light volume. Thus far, 861,701 shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $176.61-$179.08 after having opened the day at $179.08 as compared to the previous trading day's close of $178.44.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $80.8 billion and is part of the financial sector. The company has a P/E ratio of 10.8, below 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 Wednesday. Currently there are 4 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Goldman Sachs Group 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 4 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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