3 Stocks Moving The Financial Services Industry Upward

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 7 points (0.0%) at 16,563 as of Tuesday, Aug. 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,349 issues advancing vs. 1,605 declining with 179 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Noah Holdings ( NOAH), up 5.6%, and Oaktree Capital Group ( OAK), up 3.0%. On the negative front, top decliners within the industry include Altisource Asset Management ( AAMC), down 3.3%, Financial Engines ( FNGN), down 2.3%, Janus Capital Group ( JNS), down 1.6%, Waddell & Reed Financial ( WDR), down 1.0% and Nomura Holdings ( NMR), down 1.0%.

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 $0.27 (0.7%) to $38.64 on average volume. Thus far, 1.0 million shares of Invesco exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $38.28-$38.66 after having opened the day at $38.36 as compared to the previous trading day's close of $38.37.

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 5.4% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate Invesco a buy, no analysts rate it a sell, and 4 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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