3 Stocks Pulling The Financial Services Industry Downward

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading up 54 points (0.3%) at 16,185 as of Wednesday, Feb. 19, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,812 issues advancing vs. 1,117 declining with 162 unchanged.

The Financial Services industry currently sits up 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include IntercontinentalExchange Group ( ICE), down 1.0%, Nomura Holdings ( NMR), down 0.7% and Charles Schwab ( SCHW), down 0.6%. Top gainers within the industry include Carlyle Group ( CG), up 3.7%, Eaton Vance Corporation ( EV), up 1.6%, American Capital ( ACAS), up 1.4%, Apollo Global Management ( APO), up 1.4% and Total System Services ( TSS), up 1.1%.

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

3. CBOE Holdings ( CBOE) is one of the companies pushing the Financial Services industry lower today. As of noon trading, CBOE Holdings is down $0.46 (-0.8%) to $56.04 on light volume. Thus far, 211,098 shares of CBOE Holdings exchanged hands as compared to its average daily volume of 631,100 shares. The stock has ranged in price between $55.98-$56.45 after having opened the day at $56.31 as compared to the previous trading day's close of $56.49.

CBOE Holdings, Inc., through its subsidiaries, operates markets for the trading of listed derivatives. CBOE Holdings has a market cap of $4.9 billion and is part of the financial sector. Shares are up 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate CBOE Holdings a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates CBOE Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full CBOE Holdings 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, Bank of New York Mellon ( BK) is down $0.18 (-0.6%) to $31.58 on light volume. Thus far, 964,709 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $31.55-$31.83 after having opened the day at $31.63 as compared to the previous trading day's close of $31.76.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $36.5 billion and is part of the financial sector. Shares are down 9.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of New York Mellon 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, Morgan Stanley ( MS) is down $0.39 (-1.3%) to $29.17 on light volume. Thus far, 4.5 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 12.4 million shares. The stock has ranged in price between $29.16-$29.65 after having opened the day at $29.55 as compared to the previous trading day's close of $29.56.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $57.9 billion and is part of the financial sector. Shares are down 5.7% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Morgan Stanley a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth 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 Morgan Stanley 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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