APO, AMTD And SCHW, 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Orix ( IX), up 0.9%.

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 $0.46 (-1.6%) to $27.50 on light volume. Thus far, 230,551 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $27.24-$28.23 after having opened the day at $28.11 as compared to the previous trading day's close of $27.96.

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 $4.2 billion and is part of the financial sector. Shares are down 11.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Apollo Global Management as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and feeble growth in its 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, TD Ameritrade ( AMTD) is down $0.27 (-0.9%) to $31.12 on light volume. Thus far, 705,117 shares of TD Ameritrade exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $31.06-$31.39 after having opened the day at $31.35 as compared to the previous trading day's close of $31.39.

TD Ameritrade Holding Corporation provides securities brokerage services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. TD Ameritrade has a market cap of $17.1 billion and is part of the financial sector. Shares are up 2.5% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate TD Ameritrade a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates TD Ameritrade as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full TD Ameritrade 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, Charles Schwab ( SCHW) is down $0.28 (-1.0%) to $27.17 on light volume. Thus far, 2.1 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $27.11-$27.39 after having opened the day at $27.38 as compared to the previous trading day's close of $27.45.

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 $35.3 billion and is part of the financial sector. Shares are up 5.6% year-to-date as of the close of trading on Friday. 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. 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 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.

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

If you liked this article you might like

Video: PlayAGS Shares Gain Steam Following NYSE IPO

Video: PlayAGS Shares Gain Steam Following NYSE IPO

This Is What Jack in the Box's $305 Million Qdoba Sale Means for Chipotle

This Is What Jack in the Box's $305 Million Qdoba Sale Means for Chipotle

Pinkberry and Cold Stone Owner MTY Is Building a North American Restaurant Giant

Pinkberry and Cold Stone Owner MTY Is Building a North American Restaurant Giant

Activist Investor Says Potbelly Is Taking Too Long to Sell Itself

Activist Investor Says Potbelly Is Taking Too Long to Sell Itself

Banking on Solid Financial Names

Banking on Solid Financial Names