3 Stocks Dragging In The Financial Services Industry

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,756 as of Friday, June 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,558 issues advancing vs. 1,369 declining with 183 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Cash America International ( CSH), down 5.5%, Invesco ( IVZ), down 0.8%, Blackstone Group ( BX), down 0.8%, Franklin Resources ( BEN), down 0.8% and Capital One Financial ( COF), down 0.7%. Top gainers within the industry include CBOE Holdings ( CBOE), up 1.7%, Charles Schwab ( SCHW), up 1.1%, CME Group ( CME), up 0.8% and Voya Financial ( VOYA), up 0.8%.

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

3. KKR ( KKR) is one of the companies pushing the Financial Services industry lower today. As of noon trading, KKR is down $0.28 (-1.2%) to $23.96 on light volume. Thus far, 902,394 shares of KKR exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $23.86-$24.25 after having opened the day at $24.25 as compared to the previous trading day's close of $24.24.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, mezzanine, distressed, and middle market investments. KKR has a market cap of $9.9 billion and is part of the financial sector. Shares are down 0.4% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts that rate KKR a buy, no analysts rate it a sell, and 1 rates 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, solid stock price performance, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

2. As of noon trading, Affiliated Managers Group ( AMG) is down $1.08 (-0.6%) to $196.86 on light volume. Thus far, 147,511 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 474,900 shares. The stock has ranged in price between $196.47-$198.92 after having opened the day at $198.82 as compared to the previous trading day's close of $197.94.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. Affiliated Managers Group has a market cap of $11.0 billion and is part of the financial sector. Shares are down 8.7% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate Affiliated Managers Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Affiliated Managers Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Affiliated Managers 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.

1. As of noon trading, Discover Financial Services ( DFS) is down $0.46 (-0.8%) to $60.81 on light volume. Thus far, 631,786 shares of Discover Financial Services exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $60.80-$61.49 after having opened the day at $61.44 as compared to the previous trading day's close of $61.27.

Discover Financial Services, a bank holding company, provides a range of financial products and services in the United States. The company operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $28.6 billion and is part of the financial sector. Shares are up 9.5% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Discover Financial Services 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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