3 Stocks Boosting The Financial Sector Higher
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 56 points (-0.3%) at 17,863 as of Thursday, July 7, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,277 declining with 139 unchanged.
The Financial sector currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include
(
), up 15.5%,
(
), up 3.0%,
(
), up 2.7%,
(
), up 2.4% and
(
), up 2.4%. On the negative front, top decliners within the sector include
Alexandria Real Estate Equities
(
), down 3.8%,
(
), down 2.7%,
(
), down 2.5%,
(
), down 2.3% and
(
), down 2.1%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Financial sector higher today. As of noon trading, Capital One Financial is up $0.39 (0.6%) to $61.67 on average volume. Thus far, 2.2 million shares of Capital One Financial exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $61.20-$62.55 after having opened the day at $61.20 as compared to the previous trading day's close of $61.28.
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Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provides various financial products and services in the United States, the United Kingdom, and Canada. Capital One Financial has a market cap of $32.2 billion and is part of the financial services industry. Shares are down 15.1% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Capital One Financial a buy, 3 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Capital One Financial
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Capital One Financial Ratings Report
now.
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2. As of noon trading,
(
) is up $0.35 (1.4%) to $25.50 on average volume. Thus far, 6.6 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 15.1 million shares. The stock has ranged in price between $25.26-$25.92 after having opened the day at $25.27 as compared to the previous trading day's close of $25.15.
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Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $50.2 billion and is part of the financial services industry. Shares are down 20.9% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Morgan Stanley a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Morgan Stanley
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $0.58 (0.8%) to $74.64 on light volume. Thus far, 3.2 million shares of Visa exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $74.32-$75.29 after having opened the day at $74.32 as compared to the previous trading day's close of $74.06.
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Visa Inc., a payments technology company, operates an open-loop payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. Visa has a market cap of $161.6 billion and is part of the financial services industry. Shares are down 4.5% year-to-date as of the close of trading on Wednesday. Currently there are 18 analysts who rate Visa a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Visa
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).