APO, TSS And CIT, Pushing Financial Services Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 15,994 as of Thursday, Feb. 13, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,823 issues advancing vs. 1,044 declining with 196 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include CapitalSource ( CSE), down 1.8%, AllianceBernstein Holding L.P ( AB), down 1.0%, Och-Ziff Capital Management Group ( OZM), down 1.0%, Affiliated Managers Group ( AMG), down 0.9% and Nomura Holdings ( NMR), down 1.3%. Top gainers within the industry include Fortress Investment Group ( FIG), up 5.8%, Carlyle Group ( CG), up 1.1%, LPL Financial Holdings ( LPLA), up 1.6% and Oaktree Capital Group ( OAK), up 1.4%.

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

3. Apollo Global Management ( APO) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Apollo Global Management is down $0.33 (-1.0%) to $31.76 on light volume. Thus far, 286,378 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 999,600 shares. The stock has ranged in price between $31.30-$31.99 after having opened the day at $31.84 as compared to the previous trading day's close of $32.09.

Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. Apollo Global Management has a market cap of $4.6 billion and is part of the financial sector. Shares are up 1.5% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 2 rate 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.

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, Total System Services ( TSS) is down $0.10 (-0.3%) to $29.49 on light volume. Thus far, 439,871 shares of Total System Services exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $29.29-$29.58 after having opened the day at $29.44 as compared to the previous trading day's close of $29.59.

Total System Services, Inc. provides payment processing and other services to card-issuing and merchant acquiring institutions in the United States and internationally. It operates through three segments: North America Services, International Services, and Merchant Services. Total System Services has a market cap of $5.6 billion and is part of the financial sector. Shares are down 11.1% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Total System Services a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Total System Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins 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 Total System Services Ratings Report now.

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1. As of noon trading, CIT Group ( CIT) is down $0.38 (-0.8%) to $47.76 on light volume. Thus far, 221,346 shares of CIT Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $47.38-$47.80 after having opened the day at $47.70 as compared to the previous trading day's close of $48.14.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, as well as deposit products and savings accounts. CIT Group has a market cap of $9.5 billion and is part of the financial sector. Shares are down 7.7% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate CIT Group a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CIT Group as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full CIT 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 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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