Financial Services Stocks On The Rise With Help From 5 Stocks

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include WisdomTree Investments ( WETF), up 2.0%, LPL Financial Holdings ( LPLA), up 1.7%, MasterCard Incorporated ( MA), up 1.6%, CBOE Holdings ( CBOE), up 1.2% and Equifax ( EFX), up 1.2%. A company within the industry that fell today was Nomura Holdings ( NMR), up 0.5%.

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

5. Legg Mason ( LM) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Legg Mason is up $0.51 (1.1%) to $44.71 on light volume. Thus far, 404,417 shares of Legg Mason exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $44.43-$44.75 after having opened the day at $44.43 as compared to the previous trading day's close of $44.20.

Legg Mason, Inc. is a publicly owned asset management holding company. The firm through its subsidiaries provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. Legg Mason, Inc. Legg Mason has a market cap of $5.3 billion and is part of the financial sector. Shares are up 1.7% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Legg Mason a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Legg Mason 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 and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Legg Mason 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, Northern Trust Corporation ( NTRS) is up $1.43 (2.4%) to $62.04 on heavy volume. Thus far, 1.7 million shares of Northern Trust Corporation exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $60.76-$62.44 after having opened the day at $61.78 as compared to the previous trading day's close of $60.61.

Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions worldwide. Northern Trust Corporation has a market cap of $14.5 billion and is part of the financial sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Northern Trust Corporation a buy, 4 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Northern Trust Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Northern Trust 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.

3. As of noon trading, Invesco ( IVZ) is up $0.34 (1.0%) to $35.38 on light volume. Thus far, 1.1 million shares of Invesco exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $35.08-$35.44 after having opened the day at $35.21 as compared to the previous trading day's close of $35.04.

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 $15.5 billion and is part of the financial sector. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are down 3.7% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Invesco a buy, no analysts rate it a sell, and 8 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, attractive valuation levels, increase in net income and good cash flow from operations. 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.

2. As of noon trading, Blackstone Group ( BX) is up $0.19 (0.6%) to $33.11 on light volume. Thus far, 889,699 shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $32.92-$33.27 after having opened the day at $33.02 as compared to the previous trading day's close of $32.92.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $18.5 billion and is part of the financial sector. The company has a P/E ratio of 28.9, above the S&P 500 P/E ratio of 17.7. Shares are up 4.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

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

1. As of noon trading, American Express ( AXP) is up $0.50 (0.6%) to $91.09 on light volume. Thus far, 1.2 million shares of American Express exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $90.62-$91.42 after having opened the day at $90.65 as compared to the previous trading day's close of $90.59.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $97.5 billion and is part of the financial sector. The company has a P/E ratio of 18.5, 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 Tuesday. Currently there are 10 analysts who 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and solid stock price performance. 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.

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).

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