5 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 17 points (0.1%) at 13,052 as of Thursday, Dec. 6, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,459 issues advancing vs. 1,413 declining with 145 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Epoch Holding Corporation ( EPHC), up 26.5%, Shinhan Financial Group ( SHG), up 3.3%, General Growth Properties ( GGP), up 2.7%, Woori Finance Holdings ( WF), up 2.3% and Orix Corporation ( IX), up 2.1%. On the negative front, top decliners within the sector include Deutsche Bank ( DB), down 1.6%, American International Group ( AIG), down 1.6%, Toronto-Dominion Bank ( TD), down 1.5%, Discover Financial Services ( DFS), down 1.2% and Banco Santander Chile ( BSAC), down 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. AvalonBay Communities ( AVB) is one of the companies pushing the Financial sector higher today. As of noon trading, AvalonBay Communities is up $1.25 (0.9%) to $133.97 on average volume Thus far, 414,693 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 921,900 shares. The stock has ranged in price between $132.55-$134.57 after having opened the day at $132.70 as compared to the previous trading day's close of $132.72.

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 $13.1 billion and is part of the real estate industry. The company has a P/E ratio of 49.5, above the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate AvalonBay Communities a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates AvalonBay Communities as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. 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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