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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 9 points (-0.1%) at 14,437 as of Tuesday, March 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,094 issues advancing vs. 1,829 declining with 130 unchanged.The Financial sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Royal Bank of Scotland Group (The (RBS), up 1.7%, and Discover Financial Services (DFS), up 0.8%. On the negative front, top decliners within the sector include HDFC Bank (HDB), down 2.8%, Nomura Holdings (NMR), down 2.6%, Citigroup (C), down 1.9%, Shinhan Financial Group (SHG), down 2.0% and Mitsubishi UFJ Financial Group (MTU), down 1.9%.TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:3. UBS (UBS) is one of the companies pushing the Financial sector higher today. As of noon trading, UBS is up $0.07 (0.4%) to $15.98 on heavy volume Thus far, 2.8 million shares of UBS exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $15.91-$16.12 after having opened the day at $16.07 as compared to the previous trading day's close of $15.91. UBS AG, a financial services firm, provides wealth management, asset management, and investment banking products and services to private, corporate, and institutional clients worldwide. The company is also involved in retail and commercial banking in Switzerland. UBS has a market cap of $60.9 billion and is part of the banking industry. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are up 1.0% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate UBS a buy, no analysts rate it a sell, and 1 rates it a hold.TheStreet Ratings rates UBS as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and feeble growth in its earnings per share. Get the full UBS 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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