3 Stocks Pushing The Financial Services Industry 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.0%. A company within the industry that increased today was American Express ( AXP), up 1.0%. On the negative front, top decliners within the industry include Principal Financial Group ( PFG), down 3.2%, and Nomura Holdings ( NMR), down 2.4%.

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

3. Cohen & Steers ( CNS) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Cohen & Steers is up $1.75 (6.7%) to $28.07 on light volume Thus far, 49,435 shares of Cohen & Steers exchanged hands as compared to its average daily volume of 181,300 shares. The stock has ranged in price between $27.35-$28.45 after having opened the day at $27.67 as compared to the previous trading day's close of $26.32.

Cohen & Steers, Inc., together with its subsidiaries, provides investment management services to individual and institutional investors in the United States, Japan, and internationally. Cohen & Steers has a market cap of $1.3 billion and is part of the financial sector. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Cohen & Steers a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cohen & Steers as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. Get the full Cohen & Steers 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, Charles Schwab ( SCHW) is up $0.09 (0.7%) to $13.12 on light volume Thus far, 2.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 11.1 million shares. The stock has ranged in price between $12.92-$13.16 after having opened the day at $12.97 as compared to the previous trading day's close of $13.03.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, and related financial services to individuals and institutional clients. Charles Schwab has a market cap of $16.8 billion and is part of the financial sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Charles Schwab a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Charles Schwab as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Charles Schwab 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, Discover Financial Services ( DFS) is up $0.27 (0.7%) to $40.86 on light volume Thus far, 875,415 shares of Discover Financial Services exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $40.30-$41.00 after having opened the day at $40.37 as compared to the previous trading day's close of $40.59.

Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $20.9 billion and is part of the financial sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 72.2% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, growth in earnings per share, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Discover Financial Services 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 services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry 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

If you liked this article you might like

Analysts' Actions -- AbbVie, AstraZeneca, 3D Systems, Whirlpool and More

Analysts' Actions -- AbbVie, AstraZeneca, 3D Systems, Whirlpool and More

Insider Trading Alert - HPY, MA And CNS Traded By Insiders

Insider Trading Alert - HPY, MA And CNS Traded By Insiders

5 Hated Earnings Stocks You Should Love

5 Hated Earnings Stocks You Should Love

5 Hated Earnings Stocks You Should Love

5 Hated Earnings Stocks You Should Love

Cohen & Steers Breaks Below 200-Day Moving Average - Notable For CNS

Cohen & Steers Breaks Below 200-Day Moving Average - Notable For CNS