3 Financial Services Stocks Nudging The Industry Higher

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 21 points (-0.1%) at 16,894 as of Friday, July 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,379 issues advancing vs. 1,581 declining with 154 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Altisource Asset Management ( AAMC), up 5.0%, AllianceBernstein Holding L.P ( AB), up 2.8%, Cohen & Steers ( CNS), up 2.7%, Western Union ( WU), up 1.8% and Franklin Resources ( BEN), up 0.8%. A company within the industry that fell today was Orix ( IX), up 1.8%.

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

3. KKR ( KKR) is one of the companies pushing the Financial Services industry higher today. As of noon trading, KKR is up $0.14 (0.6%) to $24.60 on average volume. Thus far, 1.1 million shares of KKR exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $24.32-$24.74 after having opened the day at $24.49 as compared to the previous trading day's close of $24.46.

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 $10.1 billion and is part of the financial sector. Shares are up 0.5% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who 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.

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2. As of noon trading, Affiliated Managers Group ( AMG) is up $1.08 (0.5%) to $203.90 on light volume. Thus far, 129,510 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 593,300 shares. The stock has ranged in price between $202.32-$203.90 after having opened the day at $202.77 as compared to the previous trading day's close of $202.82.

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 $11.4 billion and is part of the financial sector. Shares are down 6.5% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who 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.

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1. As of noon trading, Goldman Sachs Group ( GS) is up $1.14 (0.7%) to $164.56 on light volume. Thus far, 926,997 shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $162.38-$164.76 after having opened the day at $162.98 as compared to the previous trading day's close of $163.42.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $73.6 billion and is part of the financial sector. Shares are down 7.8% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations 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 Goldman Sachs 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.

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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