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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 74 points (-0.4%) at 17,027 as of Monday, July 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 889 issues advancing vs. 2,085 declining with 146 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include EZCorp ( EZPW), down 11.5%, WisdomTree Investments ( WETF), down 4.4%, Legg Mason ( LM), down 1.4%, E*Trade Financial ( ETFC), down 1.1% and Nomura Holdings ( NMR), down 1.1%.

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

3. Prospect Capital Corporation ( PSEC) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Prospect Capital Corporation is up $0.13 (1.2%) to $10.80 on light volume. Thus far, 1.6 million shares of Prospect Capital Corporation exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $10.69-$10.80 after having opened the day at $10.70 as compared to the previous trading day's close of $10.67.

Prospect Capital Corporation is a business development company. Prospect Capital Corporation has a market cap of $3.7 billion and is part of the financial sector. Shares are down 5.4% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Prospect Capital Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Prospect Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Prospect Capital Corporation Ratings Report now.

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