3 Stocks Improving Performance Of The Financial Services Industry
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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 105 points (-0.6%) at 17,872 as of Tuesday, March 31, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,171 issues advancing vs. 1,802 declining with 173 unchanged.
The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was
(
), up 1.5%. On the negative front, top decliners within the industry include
(
), down 3.5%,
(
), down 1.9%,
(
), down 1.8%,
(
), down 1.9% and
(
), down 1.4%.
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, Leucadia National is up $0.13 (0.6%) to $22.47 on light volume. Thus far, 430,916 shares of Leucadia National exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $22.20-$22.54 after having opened the day at $22.21 as compared to the previous trading day's close of $22.34.
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Leucadia National Corporation, through its subsidiary, Jefferies Group LLC, primarily operates in the investment banking and capital markets sector. Leucadia National has a market cap of $8.1 billion and is part of the financial sector. Shares are down 0.4% year-to-date as of the close of trading on Monday.
TheStreet Ratings rates
Leucadia National
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full
Leucadia National Ratings Report
now.
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2. As of noon trading,
(
) is up $0.25 (0.9%) to $28.49 on light volume. Thus far, 1.1 million shares of E*Trade Financial exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $27.85-$28.49 after having opened the day at $28.05 as compared to the previous trading day's close of $28.24.
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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 $8.1 billion and is part of the financial sector. Shares are up 16.4% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate E*Trade Financial a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
E*Trade Financial
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
E*Trade Financial Ratings Report
now.
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1. As of noon trading,
(
) is up $0.60 (0.8%) to $78.39 on light volume. Thus far, 2.7 million shares of American Express exchanged hands as compared to its average daily volume of 7.8 million shares. The stock has ranged in price between $77.62-$78.53 after having opened the day at $77.89 as compared to the previous trading day's close of $77.79.
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.
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. American Express has a market cap of $79.5 billion and is part of the financial sector. Shares are down 16.1% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate American Express a buy, 3 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
American Express
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, increase in net income, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
American Express Ratings Report
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 services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
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