3 Stocks Pushing 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 17,122 as of Wednesday, Aug. 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,632 issues advancing vs. 1,319 declining with 192 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include CBOE Holdings ( CBOE), down 2.1%, Waddell & Reed Financial ( WDR), down 1.8%, Total System Services ( TSS), down 1.5%, Raymond James Financial ( RJF), down 1.2% and BlackRock ( BLK), down 1.1%.

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

3. State Street ( STT) is one of the companies pushing the Financial Services industry lower today. As of noon trading, State Street is down $0.55 (-0.8%) to $71.65 on light volume. Thus far, 382,825 shares of State Street exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $71.65-$72.30 after having opened the day at $72.20 as compared to the previous trading day's close of $72.20.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $30.4 billion and is part of the financial sector. Shares are down 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 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, good cash flow from operations and growth in earnings per share. 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.

2. As of noon trading, Blackstone Group ( BX) is down $0.21 (-0.6%) to $32.89 on light volume. Thus far, 1.5 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $32.65-$33.25 after having opened the day at $33.22 as compared to the previous trading day's close of $33.10.

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 $19.3 billion and is part of the financial sector. Shares are up 5.1% year-to-date as of the close of trading on Tuesday. 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, Charles Schwab ( SCHW) is down $0.39 (-1.4%) to $28.45 on light volume. Thus far, 1.4 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $28.45-$28.90 after having opened the day at $28.89 as compared to the previous trading day's close of $28.84.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. Charles Schwab has a market cap of $37.7 billion and is part of the financial sector. Shares are up 10.9% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Charles Schwab a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Charles Schwab 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 expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Charles Schwab 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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