APO, KKR And BX, 3 Financial Services Stocks Pushing The Industry Lower

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 16,492 as of Wednesday, May 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,744 issues advancing vs. 1,239 declining with 163 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Orix ( IX), up 1.1%. Top gainers within the industry include American Capital ( ACAS), up 3.8%, Legg Mason ( LM), up 2.6%, Franklin Resources ( BEN), up 2.6%, CME Group ( CME), up 2.4% and NASDAQ OMX Group ( NDAQ), up 1.8%.

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 $1.18 (-4.4%) to $25.85 on heavy volume. Thus far, 1.6 million shares of Apollo Global Management exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $25.54-$27.48 after having opened the day at $27.25 as compared to the previous trading day's close of $27.03.

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 $4.0 billion and is part of the financial sector. Shares are down 14.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Apollo Global Management as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. 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, KKR ( KKR) is down $0.82 (-3.6%) to $21.67 on heavy volume. Thus far, 2.6 million shares of KKR exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $21.66-$22.77 after having opened the day at $22.72 as compared to the previous trading day's close of $22.49.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, distressed, and middle market investments. KKR has a market cap of $6.6 billion and is part of the financial sector. Shares are down 5.8% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate KKR a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, expanding profit margins and increase in net income. 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 KKR 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, Blackstone Group ( BX) is down $1.34 (-4.6%) to $27.73 on heavy volume. Thus far, 6.7 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $27.72-$29.32 after having opened the day at $29.16 as compared to the previous trading day's close of $29.07.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $17.0 billion and is part of the financial sector. Shares are down 7.7% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Blackstone 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).

null

More from Markets

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Video: Stop Using Student Loan Money to Buy Bitcoin

Video: Stop Using Student Loan Money to Buy Bitcoin

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Crash-Proof Portfolio

Facebook Sends Facial Recognition Notification in Error

Facebook Sends Facial Recognition Notification in Error

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists