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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 18 points (-0.1%) at 13,964 as of Thursday, Feb. 14, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,524 declining with 153 unchanged.The Financial sector currently sits up 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Icahn (IEP), up 3.4%, HDFC Bank (HDB), up 1.7%, Berkshire Hathaway (BRK.A), up 0.9% and Manulife Financial Corporation (MFC), up 0.6%. On the negative front, top decliners within the sector include MetLife (MET), down 3.1%, Mitsubishi UFJ Financial Group (MTU), down 2.7%, Orix Corporation (IX), down 2.6%, Deutsche Bank (DB), down 1.9% and Progressive Corporation (PGR), down 1.8%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:5. SLM (SLM) is one of the companies pushing the Financial sector higher today. As of noon trading, SLM is up $0.60 (3.3%) to $18.98 on average volume Thus far, 1.7 million shares of SLM exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $18.36-$18.99 after having opened the day at $18.40 as compared to the previous trading day's close of $18.38. SLM Corporation, through its subsidiaries, originates, acquires, finances, and services private education loans in the United States. It offers processing capabilities to educational institutions, 529 college-savings plan program management services, and a consumer savings network. SLM has a market cap of $8.4 billion and is part of the financial services industry. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 6.7% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate SLM a buy, no analysts rate it a sell, and none rate it a hold.TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full SLM Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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