3 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.Two out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading down 14 points (-0.1%) at 16,140 as of Tuesday, Feb. 18, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,063 issues advancing vs. 873 declining with 164 unchanged.The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Royal Bank of Scotland Group (The (RBS), up 4.8%, Mitsubishi UFJ Financial Group (MTU), up 4.2%, KB Financial Group (KB), up 4.2%, Woori Finance Holdings (WF), up 3.4% and Nomura Holdings (NMR), up 3.0%. On the negative front, top decliners within the sector include Ventas (VTR), down 1.1%, and State Street (STT), down 0.7%.TheStreet would like to highlight 3 stocks pushing the sector higher today:3. American International Group (AIG) is one of the companies pushing the Financial sector higher today. As of noon trading, American International Group is up $0.66 (1.4%) to $49.64 on average volume. Thus far, 6.5 million shares of American International Group exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $49.00-$49.87 after having opened the day at $49.15 as compared to the previous trading day's close of $48.98. American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. American International Group has a market cap of $72.1 billion and is part of the insurance industry. Shares are down 4.0% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate American International Group a buy, no analysts rate it a sell, and 9 rate it a hold.TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that revenues have generally been declining. Get the full American International 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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