3 Stocks Moving The Financial Sector Upward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 68 points (0.4%) at 17,604 as of Tuesday, March 29, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,037 issues advancing vs. 895 declining with 166 unchanged.
The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the sector include
(
), up 2.8%,
(
), up 2.4%,
(
), up 2.3%,
(
), up 1.8% and
Grupo Financiero Santander Mexico SAB de CV
(
), up 1.6%. On the negative front, top decliners within the sector include
(
), down 3.2%,
(
), down 2.4%,
(
), down 2.3%,
(
), down 2.1% and
(
), down 1.5%.
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, AvalonBay Communities is up $2.12 (1.1%) to $187.70 on light volume. Thus far, 297,926 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 805,300 shares. The stock has ranged in price between $185.60-$188.33 after having opened the day at $185.60 as compared to the previous trading day's close of $185.58.
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AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $25.4 billion and is part of the real estate industry. Shares are up 1.5% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate AvalonBay Communities a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
AvalonBay Communities
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
AvalonBay Communities Ratings Report
now.
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2. As of noon trading,
(
) is up $0.26 (1.6%) to $16.40 on light volume. Thus far, 3.4 million shares of Host Hotels & Resorts exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $15.95-$16.41 after having opened the day at $16.20 as compared to the previous trading day's close of $16.14.
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Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. Host Hotels & Resorts has a market cap of $12.2 billion and is part of the real estate industry. Shares are up 6.5% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Host Hotels & Resorts a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Host Hotels & Resorts
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
Host Hotels & Resorts Ratings Report
now.
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1. As of noon trading,
(
) is up $1.16 (1.2%) to $101.40 on light volume. Thus far, 518,979 shares of American Tower exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $99.80-$101.49 after having opened the day at $100.30 as compared to the previous trading day's close of $100.24.
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American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. American Tower has a market cap of $42.5 billion and is part of the telecommunications industry. Shares are up 3.4% year-to-date as of the close of trading on Monday. Currently there are 15 analysts who rate American Tower a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
American Tower
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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
(
).
