3 Stocks Pushing 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include WisdomTree Investments ( WETF), down 3.4%, Credit Acceptance ( CACC), down 1.8%, Prospect Capital Corporation ( PSEC), down 1.4%, American Capital ( ACAS), down 1.4% and Affiliated Managers Group ( AMG), down 1.3%. A company within the industry that increased today was Western Union ( WU), up 0.6%.

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

3. BlackRock ( BLK) is one of the companies pushing the Financial Services industry lower today. As of noon trading, BlackRock is down $2.12 (-0.7%) to $302.51 on average volume. Thus far, 296,915 shares of BlackRock exchanged hands as compared to its average daily volume of 678,300 shares. The stock has ranged in price between $302.14-$305.80 after having opened the day at $304.77 as compared to the previous trading day's close of $304.63.

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 $50.2 billion and is part of the financial sector. Shares are down 5.0% year-to-date as of the close of trading on Tuesday. Currently there are 8 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

2. As of noon trading, Charles Schwab ( SCHW) is down $0.25 (-1.0%) to $25.22 on average volume. Thus far, 3.5 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $25.08-$25.52 after having opened the day at $25.40 as compared to the previous trading day's close of $25.47.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. Charles Schwab has a market cap of $33.4 billion and is part of the financial sector. Shares are down 2.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Charles Schwab a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Charles Schwab as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Charles Schwab 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 $0.47 (-0.5%) to $90.92 on light volume. Thus far, 1.2 million shares of American Express exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $90.63-$91.35 after having opened the day at $91.16 as compared to the previous trading day's close of $91.39.

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 $94.0 billion and is part of the financial sector. Shares are down 2.1% year-to-date as of the close of trading on Tuesday. 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 revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and solid stock price performance. 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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