5 Stocks Pushing The Financial Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 48 points (0.4%) at 12,859 as of Friday, Nov. 9, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,662 issues advancing vs. 1,212 declining with 143 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Manulife Financial Corporation (MFC), up 3.0%, Public Storage (PSA), up 2.7%, Sun Life Financial (SLF), up 2.5%, American International Group (AIG), up 2.5% and Morgan Stanley (MS), up 2.1%. A company within the sector that fell today was Aegon (AEG), up 2.4%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Berkshire Hathaway (BRK.A) is one of the companies pushing the Financial sector higher today. As of noon trading, Berkshire Hathaway is up $1,069.40 (0.8%) to $127,969.40 on average volume Thus far, 306 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 500 shares. The stock has ranged in price between $125,950.00-$127,971.00 after having opened the day at $126,847.00 as compared to the previous trading day's close of $126,900.00.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $118.0 billion and is part of the insurance industry. The company has a P/E ratio of 1915.8, above the S&P 500 P/E ratio of 17.7. Shares are up 11.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Berkshire Hathaway Ratings Report now.

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