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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