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.

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2. As of noon trading, Blackstone Group ( BX) is up $0.28 (0.9%) to $32.70 on light volume. Thus far, 1.5 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $32.42-$33.00 after having opened the day at $32.75 as compared to the previous trading day's close of $32.42.

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 $16.8 billion and is part of the financial sector. Shares are up 2.9% year-to-date as of the close of trading on Friday. Currently there are 7 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, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Blackstone Group Ratings Report now.

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1. As of noon trading, Bank of New York Mellon ( BK) is up $0.20 (0.5%) to $38.93 on average volume. Thus far, 2.7 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $38.75-$39.04 after having opened the day at $38.90 as compared to the previous trading day's close of $38.73.

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $44.5 billion and is part of the financial sector. Shares are up 10.8% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of New York Mellon 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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