3 Stocks Pushing The Financial Services Industry Lower
1. As of noon trading, Discover Financial Services ( DFS) is down $0.58 (-1.4%) to $40.42 on light volume Thus far, 938,206 shares of Discover Financial Services exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $40.27-$41.00 after having opened the day at $41.00 as compared to the previous trading day's close of $41.00. Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $20.4 billion and is part of the financial sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 68.2% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 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 solid stock price performance, revenue growth, growth in earnings per share, expanding profit margins and good cash flow from operations. 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 Discover Financial Services 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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