3 Stocks Boosting The Financial Services Industry Higher

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

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 44 points (0.2%) at 18,603 as of Wednesday, July 20, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,983 issues advancing vs. 916 declining with 144 unchanged.

The Financial Services industry currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the industry include

Blackhawk Network Holdings

(

HAWK

), up 4.7%,

Oaktree Capital Group

(

OAK

), up 1.3%,

ORIX

(

IX

), up 1.3%,

Blackstone Group

(

BX

), up 1.2% and

Visa

(

V

), up 0.8%. On the negative front, top decliners within the industry include

Discover Financial Services

(

DFS

), down 1.7%, and

Northern

(

NTRS

), down 1.1%.

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

3.

E*TRADE Financial

(

ETFC

) is one of the companies pushing the Financial Services industry higher today. As of noon trading, E*TRADE Financial is up $0.33 (1.3%) to $25.25 on average volume. Thus far, 1.3 million shares of E*TRADE Financial exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $24.84-$25.36 after having opened the day at $25.15 as compared to the previous trading day's close of $24.92.

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E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Management. E*TRADE Financial has a market cap of $6.9 billion and is part of the financial sector. Shares are down 15.9% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate E*TRADE Financial a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

E*TRADE Financial

as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, good cash flow from operations, impressive record of earnings per share growth and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

E*TRADE Financial Ratings Report

now.

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2. As of noon trading,

Invesco

(

IVZ

) is up $0.35 (1.3%) to $27.95 on light volume. Thus far, 1.8 million shares of Invesco exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $27.54-$28.01 after having opened the day at $27.75 as compared to the previous trading day's close of $27.60.

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Invesco Ltd. is a publicly owned investment manager. Invesco has a market cap of $11.5 billion and is part of the financial sector. Shares are down 17.6% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Invesco a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Invesco

as a

hold

. The company's strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, poor profit margins and weak operating cash flow. Get the full

Invesco Ratings Report

now.

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1. As of noon trading,

Morgan Stanley

(

MS

) is up $0.46 (1.6%) to $28.66 on heavy volume. Thus far, 17.8 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 14.4 million shares. The stock has ranged in price between $28.19-$29.14 after having opened the day at $29.14 as compared to the previous trading day's close of $28.19.

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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 $54.6 billion and is part of the financial sector. Shares are down 11.4% year-to-date as of the close of trading on Tuesday. 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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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

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial services industry could consider

Proshares Short Financials

(

SEF

).

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