3 Stocks Pulling 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 15 points (-0.1%) at 17,673 as of Wednesday, Nov. 19, 2014, 12:10 PM ET. The NYSE advances/declines ratio sits at 967 issues advancing vs. 1,986 declining with 177 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Springleaf Holdings ( LEAF), down 2.8%, Credit Acceptance ( CACC), down 1.8%, E*Trade Financial ( ETFC), down 1.9%, Eaton Vance ( EV), down 1.2% and Total System Services ( TSS), down 1.7%.

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

3. Discover Financial Services ( DFS) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Discover Financial Services is down $0.77 (-1.2%) to $64.21 on average volume. Thus far, 919,523 shares of Discover Financial Services exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $64.10-$64.97 after having opened the day at $64.97 as compared to the previous trading day's close of $64.98.

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

Discover Financial Services, a bank holding company, provides a range of financial products and services in the United States. The company operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $29.6 billion and is part of the financial sector. Shares are up 16.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Discover Financial Services 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. 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 Discover Financial Services 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, Bank of New York Mellon ( BK) is down $0.19 (-0.5%) to $39.50 on light volume. Thus far, 1.4 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $39.33-$39.75 after having opened the day at $39.54 as compared to the previous trading day's close of $39.69.

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

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $44.7 billion and is part of the financial sector. Shares are up 13.6% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Bank of New York Mellon 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 $2.94 (-0.8%) to $345.00 on light volume. Thus far, 110,869 shares of BlackRock exchanged hands as compared to its average daily volume of 597,300 shares. The stock has ranged in price between $343.20-$347.22 after having opened the day at $347.00 as compared to the previous trading day's close of $347.94.

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

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 $57.3 billion and is part of the financial sector. Shares are up 9.9% year-to-date as of the close of trading on Tuesday. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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).

null

More from Markets

Stocks Rise After Trump's Decision on ZTE

Stocks Rise After Trump's Decision on ZTE

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer: Intuit Had a Fantastic Quarter