3 Stocks Pushing The Financial Services Industry Higher
1. As of noon trading, Goldman Sachs Group ( GS) is up $0.60 (0.5%) to $118.69 on light volume Thus far, 1.1 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $117.59-$119.16 after having opened the day at $117.98 as compared to the previous trading day's close of $118.09. The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $55.9 billion and is part of the financial sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 31.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Goldman Sachs Group a buy, 2 analysts rate it a sell, and 13 rate it a hold. TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. 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 Goldman Sachs Group Ratings Report now. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass 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). A reminder about TheStreet Ratings group: 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.
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