5 Stocks Driving The Financial Sector Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.The Financial sector currently sits down 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Aegon (AEG), up 2.1%, Aflac (AFL), up 1.9%, Orix Corporation (IX), up 1.8%, State Street (STT), up 1.5% and MetLife (MET), up 1.5%. On the negative front, top decliners within the sector include Jones Lang LaSalle (JLL), down 7.1%, Boston Properties (BXP), down 4.2%, Equity Residential (EQR), down 4.0%, General Growth Properties (GGP), down 3.7% and Ventas (VTR), down 3.5%.TheStreet would like to highlight 5 stocks pushing the sector higher today:5. Goldman Sachs Group (GS) is one of the companies pushing the Financial sector higher today. As of noon trading, Goldman Sachs Group is up $2.66 (1.6%) to $165.09 on average volume. Thus far, 1.6 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $162.43-$165.37 after having opened the day at $162.57 as compared to the previous trading day's close of $162.43. The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $74.8 billion and is part of the financial services industry. Shares are up 27.3% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 15 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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Goldman Sachs Group Ratings Report now.3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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