As for financials, Janus Capital(JNS), Franklin Resources(BEN) and T. Rowe Price (TROW) are all up. "It's very hard to call a rally still a bear market rally if you have money coming into these stocks," said Cramer.

ASSET MANAGERS: Federated Investors (FII), Janus Capital Group (JNS)

JPMorgan said it is downgrading Janus (JNS) to Underweight from Neutral due to weakening fund performance and overexposure to international securities. Note rich relative valuation and see potential for selloff ahead of redemptions.

Janus Capital (JNS) was upgraded to Buy from Neutral, Goldman said. Note stock's underperformance year-to-date alongside improved performance in funds. Note highest average fund rank among peers, according to Morningstar. Price target at $32.

Janus Capital Group.

Investment management.

screen result(peg bet .5 and 1, 5y yr growth est > 20%, price bet 15 and 85)
kept upward trending ones

financial sector growth

Janus Capital (JNS) was upgraded to Neutral rating from Sell at UBS. Price target lifts to $32 from $28 and 2008 eps estimates upped to $1.45 from $1.35.

Janus Capital Group recently announced a $500 million dollar buyback upon completion of prior plan.

Janus Capital recently received positive notes from analysts after its solid earnings report. Marc Irizarry of Goldman Sachs wrote in a note, "the bar was set high, but second quarter appears to have exceeded even elevated expectations," due to strong operating margins and better-than-expected cash flows.

Downgraded by UBS from Neutral to Reduce

Blum Capital Partners cut its position to 8.18 million shares (4.8%), from the 11.25 million (6.4%) reported on Oct. 18.