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3 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 21 points (-0.2%) at 12,999 as of Friday, Nov. 30, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,281 issues advancing vs. 1,584 declining with 138 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Woori Finance Holdings ( WF), up 1.9%, PNC Financial Services Group ( PNC), up 1.2%, Banco Santander ( SAN), up 0.7%, Simon Property Group ( SPG), up 0.7% and Deutsche Bank ( DB), up 0.6%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The ( RBS), down 1.8%, Citigroup ( C), down 1.6%, Nomura Holdings ( NMR), down 1.0%, Equity Residential ( EQR), down 1.0% and Bank of New York Mellon ( BK), down 1.0%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Brookfield Asset Management ( BAM) is one of the companies pushing the Financial sector higher today. As of noon trading, Brookfield Asset Management is up $0.21 (0.6%) to $34.68 on average volume Thus far, 337,602 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 793,600 shares. The stock has ranged in price between $34.42-$34.96 after having opened the day at $34.54 as compared to the previous trading day's close of $34.47.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management has a market cap of $21.3 billion and is part of the real estate industry. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 25.2% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Brookfield Asset Management a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Brookfield Asset Management Ratings Report now.

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Chart of I:DJI
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