APO, KKR And BLK, Pushing 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was HD Supply Holdings ( HDS), up 2.0%. Top gainers within the industry include Nomura Holdings ( NMR), up 2.7%, Waddell & Reed Financial ( WDR), up 2.2%, Orix ( IX), up 1.2% and Visa ( V), up 0.8%.

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

3. Apollo Global Management LLC Class A ( APO) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Apollo Global Management LLC Class A is down $0.32 (-1.3%) to $24.08 on light volume. Thus far, 336,579 shares of Apollo Global Management LLC Class A exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $24.06-$24.55 after having opened the day at $24.49 as compared to the previous trading day's close of $24.40.

Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. Apollo Global Management LLC Class A has a market cap of $3.8 billion and is part of the financial sector. Shares are down 22.8% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Apollo Global Management LLC Class A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Apollo Global Management LLC Class A as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, weak operating cash flow and feeble growth in its earnings per share. Get the full Apollo Global Management LLC Class A 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, KKR ( KKR) is down $0.22 (-0.9%) to $23.27 on average volume. Thus far, 925,869 shares of KKR exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $23.26-$23.60 after having opened the day at $23.52 as compared to the previous trading day's close of $23.49.

Kohlberg Kravis Roberts & Co. L.P. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, mezzanine, distressed, and middle market investments. KKR has a market cap of $9.8 billion and is part of the financial sector. Shares are down 3.5% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate KKR a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, 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 KKR 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, BlackRock ( BLK) is down $2.29 (-0.7%) to $328.24 on average volume. Thus far, 252,541 shares of BlackRock exchanged hands as compared to its average daily volume of 558,000 shares. The stock has ranged in price between $328.13-$332.66 after having opened the day at $332.41 as compared to the previous trading day's close of $330.53.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $54.9 billion and is part of the financial sector. Shares are up 4.4% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate BlackRock a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase 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 BlackRock 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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