3 Stocks Pushing The Financial Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.0%. Top gainers within the sector include HDFC Bank ( HDB), up 2.7%, Prologis ( PLD), up 1.0%, Bank of America Corporation ( BAC), up 0.8%, Toronto-Dominion Bank ( TD), up 0.8% and Bank of Montreal ( BMO), up 0.6%. On the negative front, top decliners within the sector include Woori Finance Holdings ( WF), down 2.7%, KB Financial Group ( KB), down 2.1%, Discover Financial Services ( DFS), down 1.3%, SunTrust Banks ( STI), down 1.3% and Orix Corporation ( IX), down 1.2%.

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

3. Canadian Imperial Bank of Commerce ( CM) is one of the companies pushing the Financial sector higher today. As of noon trading, Canadian Imperial Bank of Commerce is up $0.36 (0.5%) to $78.74 on light volume Thus far, 35,825 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 129,000 shares. The stock has ranged in price between $78.36-$78.96 after having opened the day at $78.50 as compared to the previous trading day's close of $78.38.

Canadian Imperial Bank of Commerce provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. Canadian Imperial Bank of Commerce has a market cap of $31.7 billion and is part of the banking industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Canadian Imperial Bank of Commerce Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

2. As of noon trading, MBIA ( MBI) is up $0.59 (8.2%) to $7.80 on heavy volume Thus far, 3.9 million shares of MBIA exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $7.15-$7.84 after having opened the day at $7.19 as compared to the previous trading day's close of $7.21.

MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. MBIA has a market cap of $1.4 billion and is part of the insurance industry. The company has a P/E ratio of -71.4, below the S&P 500 P/E ratio of 17.7. Shares are down 38.4% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate MBIA a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates MBIA as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full MBIA Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

1. As of noon trading, Berkshire Hathaway ( BRK.B) is up $0.48 (0.6%) to $87.27 on light volume Thus far, 1.5 million shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $86.73-$87.33 after having opened the day at $86.98 as compared to the previous trading day's close of $86.79.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $95.4 billion and is part of the insurance industry. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Berkshire Hathaway Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

null

More from Markets

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern