5 Stocks Pushing The Financial Services 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.

The Financial Services industry currently sits up 0.4% versus the S&P 500, which is up 0.7%. Top gainers within the industry include Och-Ziff Capital Management Group ( OZM), up 8.5%, WisdomTree Investments ( WETF), up 6.7%, CBOE Holdings ( CBOE), up 4.1%, E*Trade Financial ( ETFC), up 3.4% and Waddell & Reed Financial ( WDR), up 3.3%.

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

5. BlackRock ( BLK) is one of the companies pushing the Financial Services industry higher today. As of noon trading, BlackRock is up $5.56 (1.9%) to $291.95 on average volume. Thus far, 336,996 shares of BlackRock exchanged hands as compared to its average daily volume of 628,600 shares. The stock has ranged in price between $286.28-$292.36 after having opened the day at $286.71 as compared to the previous trading day's close of $286.39.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $50.2 billion and is part of the financial sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are down 9.5% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BlackRock 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 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 BlackRock Ratings Report now.

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