3 Stocks Improving Performance Of The Financial Services Industry

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the industry that increased today was Charles Schwab ( SCHW), up 1.2%. On the negative front, top decliners within the industry include AllianceBernstein Holding L.P ( AB), down 2.2%, Orix ( IX), down 1.1%, Nomura Holdings ( NMR), down 1.1% and MasterCard ( MA), down 0.6%.

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

3. Raymond James Financial ( RJF) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Raymond James Financial is up $0.38 (0.7%) to $54.40 on average volume. Thus far, 214,568 shares of Raymond James Financial exchanged hands as compared to its average daily volume of 550,500 shares. The stock has ranged in price between $53.69-$54.50 after having opened the day at $53.90 as compared to the previous trading day's close of $54.02.

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

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. Raymond James Financial has a market cap of $7.5 billion and is part of the financial sector. Shares are up 3.5% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Raymond James Financial a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Raymond James Financial 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 notable return on equity. 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 Raymond James 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, Morgan Stanley ( MS) is up $0.45 (1.4%) to $33.48 on average volume. Thus far, 4.1 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $32.92-$33.51 after having opened the day at $32.96 as compared to the previous trading day's close of $33.03.

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

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $63.9 billion and is part of the financial sector. Shares are up 5.3% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Morgan Stanley a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full Morgan Stanley 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, Goldman Sachs Group ( GS) is up $1.23 (0.7%) to $176.38 on average volume. Thus far, 1.4 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $174.83-$176.98 after having opened the day at $175.37 as compared to the previous trading day's close of $175.15.

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

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $76.7 billion and is part of the financial sector. Shares are down 1.2% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Goldman Sachs 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.

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).

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers