3 Financial Services Stocks Moving The Industry Upward
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 down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 110 points (-0.6%) at 18,094 as of Wednesday, March 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 978 issues advancing vs. 1,971 declining with 175 unchanged.
The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.5%. A company within the industry that increased today was
(
), up 0.5%. On the negative front, top decliners within the industry include
(
), down 2.3%,
(
), down 1.8%,
(
), down 1.7%,
(
), down 1.2% and
(
), down 1.2%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Financial Services industry higher today. As of noon trading, MarketAxess Holdings is up $4.01 (5.0%) to $84.28 on average volume. Thus far, 103,194 shares of MarketAxess Holdings exchanged hands as compared to its average daily volume of 169,000 shares. The stock has ranged in price between $79.39-$84.45 after having opened the day at $79.89 as compared to the previous trading day's close of $80.27.
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. MarketAxess Holdings has a market cap of $3.0 billion and is part of the financial sector. Shares are up 11.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates MarketAxess Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
MarketAxess Holdings
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
MarketAxess Holdings Ratings Report
now.
2. As of noon trading,
(
) is up $0.30 (1.5%) to $20.18 on average volume. Thus far, 984,834 shares of Navient exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $19.53-$20.25 after having opened the day at $19.74 as compared to the previous trading day's close of $19.89.
Navient Corporation provides financial products and services focusing on the education sector. The company's Consumer Lending segment originates, acquires, finances, and services private education loans. Navient has a market cap of $7.8 billion and is part of the financial sector. Shares are down 7.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Navient a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Navient
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
1. As of noon trading,
(
) is up $0.30 (0.7%) to $44.38 on heavy volume. Thus far, 7.8 million shares of Voya Financial exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $44.09-$44.71 after having opened the day at $44.71 as compared to the previous trading day's close of $44.08.
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. Voya Financial has a market cap of $10.7 billion and is part of the financial sector. Shares are up 4.0% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Voya Financial a buy, 2 analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Voya Financial
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full
now.
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
(
) while those bearish on the financial services industry could consider
(
).
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