3 Stocks Dragging The Financial Services Industry Downward

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%. 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 lower today:

3. E*Trade Financial ( ETFC) is one of the companies pushing the Financial Services industry lower today. As of noon trading, E*Trade Financial is down $0.19 (-0.9%) to $21.32 on light volume. Thus far, 1.1 million shares of E*Trade Financial exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $21.20-$21.62 after having opened the day at $21.45 as compared to the previous trading day's close of $21.51.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name in the United States. E*Trade Financial has a market cap of $6.1 billion and is part of the financial sector. Shares are up 9.5% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate E*Trade Financial a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates E*Trade Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full E*Trade Financial Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, Blackstone Group ( BX) is down $0.44 (-1.3%) to $33.27 on light volume. Thus far, 1.3 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $33.25-$33.95 after having opened the day at $33.95 as compared to the previous trading day's close of $33.71.

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 $16.9 billion and is part of the financial sector. Shares are up 7.0% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Blackstone Group Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, State Street ( STT) is down $0.50 (-0.7%) to $69.80 on average volume. Thus far, 1.1 million shares of State Street exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $69.53-$70.40 after having opened the day at $70.07 as compared to the previous trading day's close of $70.30.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $30.3 billion and is part of the financial sector. Shares are down 4.2% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate State Street a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full State Street Ratings Report now.

STOCKS TO BUY: 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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