3 Stocks Pushing The Financial Services Industry Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 72 points (0.4%) at 16,112 as of Thursday, Feb. 20, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,810 issues advancing vs. 1,095 declining with 165 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include MasterCard Incorporated ( MA), down 1.6%, Nomura Holdings ( NMR), down 1.4%, CBOE Holdings ( CBOE), down 1.2%, CME Group ( CME), down 0.9% and American Express ( AXP), down 0.7%. Top gainers within the industry include Credit Acceptance Corporation ( CACC), up 2.5%, Morgan Stanley ( MS), up 0.8%, CIT Group ( CIT), up 0.7% and Charles Schwab ( SCHW), up 0.7%.

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

3. Fortress Investment Group ( FIG) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Fortress Investment Group is down $0.24 (-2.8%) to $8.30 on heavy volume. Thus far, 1.1 million shares of Fortress Investment Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $8.22-$8.58 after having opened the day at $8.54 as compared to the previous trading day's close of $8.54.

Fortress Investment Group LLC is a publicly owned investment manager. Fortress Investment Group has a market cap of $2.1 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 2 analysts that rate Fortress Investment Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Fortress Investment Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Fortress Investment Group Ratings Report now.

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