3 Financial Services Stocks On The Rise

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Financial Services industry currently sits down 0.3% versus the S&P 500, which is unchanged. Top gainers within the industry include Noah Holdings ( NOAH), up 5.3%, Altisource Asset Management ( AAMC), up 3.1%, American Capital ( ACAS), up 1.4%, Prospect Capital Corporation ( PSEC), up 1.2% and LPL Financial Holdings ( LPLA), up 0.8%. On the negative front, top decliners within the industry include Bank of New York Mellon ( BK), down 0.8%, Orix ( IX), down 0.7% and BlackRock ( BLK), down 0.6%.

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

3. State Street ( STT) is one of the companies pushing the Financial Services industry higher today. As of noon trading, State Street is up $0.41 (0.6%) to $68.07 on average volume. Thus far, 1.2 million shares of State Street exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $67.60-$68.74 after having opened the day at $67.60 as compared to the previous trading day's close of $67.66.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $29.0 billion and is part of the financial sector. Shares are down 7.8% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate State Street a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full State Street Ratings Report now.

3x UPSIDE POTENTIAL: 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, Blackstone Group ( BX) is up $0.44 (1.3%) to $34.02 on light volume. Thus far, 1.9 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $33.52-$34.24 after having opened the day at $33.64 as compared to the previous trading day's close of $33.58.

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 $19.4 billion and is part of the financial sector. Shares are up 6.6% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who 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, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Blackstone Group Ratings Report now.

3x UPSIDE POTENTIAL: 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, Capital One Financial ( COF) is up $0.48 (0.6%) to $83.50 on average volume. Thus far, 1.6 million shares of Capital One Financial exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $83.15-$83.68 after having opened the day at $83.29 as compared to the previous trading day's close of $83.02.

Capital One Financial Corporation operates as the bank holding company for Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. Capital One Financial has a market cap of $47.2 billion and is part of the financial sector. Shares are up 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate Capital One Financial a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Capital One Financial Ratings Report now.

3x UPSIDE POTENTIAL: 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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