NMR, BLK And AXP, Pushing 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 down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include MoneyGram International ( MGI), down 16.5%, and Western Union Company ( WU), down 4.2%. Top gainers within the industry include Nelnet ( NNI), up 10.7%, Equifax ( EFX), up 1.9%, SLM ( SLM), up 1.8%, Ameriprise Financial ( AMP), up 1.1% and State Street ( STT), up 1.1%.

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

3. Nomura Holdings ( NMR) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Nomura Holdings is down $0.07 (-1.1%) to $6.07 on heavy volume. Thus far, 1.7 million shares of Nomura Holdings exchanged hands as compared to its average daily volume of 408,900 shares. The stock has ranged in price between $6.06-$6.12 after having opened the day at $6.11 as compared to the previous trading day's close of $6.14.

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. The company operates through three divisions: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $22.2 billion and is part of the financial sector. Shares are down 21.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Nomura Holdings a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Nomura Holdings as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full Nomura 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, BlackRock ( BLK) is down $5.58 (-1.8%) to $304.56 on average volume. Thus far, 566,950 shares of BlackRock exchanged hands as compared to its average daily volume of 784,900 shares. The stock has ranged in price between $300.75-$313.21 after having opened the day at $312.95 as compared to the previous trading day's close of $310.15.

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 $50.4 billion and is part of the financial sector. Shares are down 2.0% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate BlackRock a buy, no analysts rate it a sell, and 6 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, increase in stock price during the past year, impressive record of earnings per share growth, good cash flow from operations and expanding profit margins. 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 BlackRock 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, American Express ( AXP) is down $1.51 (-1.7%) to $85.89 on heavy volume. Thus far, 5.5 million shares of American Express exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $85.10-$87.92 after having opened the day at $87.16 as compared to the previous trading day's close of $87.40.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. American Express has a market cap of $91.2 billion and is part of the financial sector. Shares are down 3.7% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate American Express a buy, 2 analysts rate it a sell, and 8 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 good cash flow from operations. 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.

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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