Financial Services Stocks On The Rise With Help From 3 Stocks
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 or Stephanie Link.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 24 points (-0.1%) at 16,982 as of Wednesday, Oct. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,291 issues advancing vs. 1,724 declining with 155 unchanged.
The Financial Services industry currently is unchanged today versus the S&P 500, which is down 0.2%. Top gainers within the industry include
(
), up 3.6%,
(
), up 2.5%,
TheStreet Recommends
(
), up 0.9%,
(
), up 0.8% and
(
), up 0.7%. On the negative front, top decliners within the industry include
(
), down 23.6%,
(
), down 17.1%,
(
), down 3.9%,
(
), down 1.9% and
(
), down 1.9%.
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, Navient is up $0.14 (0.8%) to $19.18 on light volume. Thus far, 732,959 shares of Navient exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $18.85-$19.33 after having opened the day at $19.01 as compared to the previous trading day's close of $19.04.
Navient Corporation provides financial products and services focusing on the education sector. The company's Consumer Lending segment originates, acquires, finances, and services private education loans. Navient has a market cap of $7.9 billion and is part of the financial sector. Shares are unchanged year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Navient a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Navient
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and notable return on equity. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full
now.
2. As of noon trading,
(
) is up $0.25 (0.6%) to $42.07 on light volume. Thus far, 284,694 shares of NASDAQ OMX Group exchanged hands as compared to its average daily volume of 957,300 shares. The stock has ranged in price between $41.77-$42.25 after having opened the day at $42.00 as compared to the previous trading day's close of $41.82.
The NASDAQ OMX Group, Inc. delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services worldwide. It operates in four segments: Market Services, Listing Services, Information Services, and Technology Solutions. NASDAQ OMX Group has a market cap of $6.9 billion and is part of the financial sector. Shares are up 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate NASDAQ OMX Group a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
NASDAQ OMX Group
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
NASDAQ OMX Group Ratings Report
now.
1. As of noon trading,
(
) is up $1.82 (1.5%) to $122.12 on average volume. Thus far, 608,579 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 925,900 shares. The stock has ranged in price between $121.57-$126.12 after having opened the day at $122.48 as compared to the previous trading day's close of $120.30.
Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $22.2 billion and is part of the financial sector. Shares are up 4.6% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Ameriprise Financial a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Ameriprise Financial
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Ameriprise Financial Ratings Report
now.
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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