Financial Services Stocks On The Rise With Help From 3 Stocks

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Financial Services industry currently sits down 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Virtus Investment Partners ( VRTS), up 2.4%, AllianceBernstein Holding L.P ( AB), up 2.2%, Credit Acceptance ( CACC), up 1.9% and HD Supply Holdings ( HDS), up 0.8%. On the negative front, top decliners within the industry include Altisource Asset Management ( AAMC), down 14.5%, Evercore Partners ( EVR), down 6.7%, MoneyGram International ( MGI), down 4.9%, Carlyle Group L P ( CG), down 1.9% and CBOE Holdings ( CBOE), down 1.6%.

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

3. Invesco ( IVZ) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Invesco is up $0.20 (0.5%) to $38.02 on average volume. Thus far, 999,705 shares of Invesco exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $37.80-$38.12 after having opened the day at $37.89 as compared to the previous trading day's close of $37.82.

Invesco Ltd. is a publicly owned investment manager. It primarily provides its services to institutional clients including major public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, and financial institutions. Invesco has a market cap of $16.3 billion and is part of the financial sector. Shares are up 3.9% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Invesco a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, 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 shows low profit margins. Get the full Invesco 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 liked this article you might like

Invesco Negotiating With Guggenheim to Purchase Piece of Management Business

Invesco Stock Falls After Announcing Purchase of European ETF

Trump Commerce Pick Wilbur Ross Steps Into Senate Spotlight, Cast as 'Pro-Sensible Trade'

10 Undervalued High-Yield Dividend Stocks Worth Buying Today

The High Cost Wilbur Ross Would Have to Pay to Join Trump's Cabinet