3 Stocks Boosting The Financial Sector Higher

TheStreet highlights 3 stocks pushing the financial sector higher today.
By TheStreet Wire ,

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

Momo

(

MOMO

), up 15.5%,

Navient

(

NAVI

), up 3.0%,

SVB Financial Group

(

SIVB

), up 2.7%,

Synchrony Financial

(

SYF

), up 2.4% and

East West Bancorp

(

EWBC

), up 2.4%. On the negative front, top decliners within the sector include

Alexandria Real Estate Equities

(

ARE

), down 3.8%,

Realty Income

(

O

), down 2.7%,

Deutsche Bank

(

DB

), down 2.5%,

Empire State Realty

(

ESRT

), down 2.3% and

Spirit Realty Capital

(

SRC

), down 2.1%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3.

Capital One Financial

(

COF

) 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

buy

. 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,

Morgan Stanley

(

MS

) 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

hold

. 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

Morgan Stanley Ratings Report

now.

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1. As of noon trading,

Visa

(

V

) 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

buy

. 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

Visa Ratings Report

now.

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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

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

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