Today's Stocks Driving Success For The Financial Sector

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Financial sector currently sits down 0.18 versus the S&P 500, which is down 0.48. On the negative front, top decliners within the sector include Woori Finance Holdings ( WF), down 3.72, Royal Bank of Scotland Group (The ( RBS), down 3.25, Lloyds Banking Group ( LYG), down 2.73, Shinhan Financial Group ( SHG), down 2.50 and Deutsche Bank ( DB), down 2.33.

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

3. Nomura Holdings ( NMR) is one of the companies pushing the Financial sector higher today. As of noon trading, Nomura Holdings is up $0.05 (0.66) to $7.57 on average volume Thus far, 387,695 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 823,000 shares. The stock has ranged in price between $7.50-$7.62 after having opened the day at $7.60 as compared to the previous trading day's close of $7.52.

Nomura Holdings, Inc. provides financial services in Japan and internationally. The company operates through three divisions: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $28.7 billion and is part of the financial services industry. The company has a P/E ratio of 86.0, above the S&P 500 P/E ratio of 17.7. Shares are up 28.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Nomura Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins. Get the full Nomura Holdings Ratings Report now.

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2. As of noon trading, HDFC Bank ( HDB) is up $1.00 (2.56) to $39.80 on average volume Thus far, 326,900 shares of HDFC Bank exchanged hands as compared to its average daily volume of 714,300 shares. The stock has ranged in price between $39.42-$39.83 after having opened the day at $39.52 as compared to the previous trading day's close of $38.80.

HDFC Bank Limited, together with its subsidiaries, provides retail banking, wholesale banking, treasury, and other financial services to individual and business customers in India. HDFC Bank has a market cap of $30.9 billion and is part of the banking industry. The company has a P/E ratio of 32.0, above the S&P 500 P/E ratio of 17.7. Shares are down 4.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full HDFC Bank Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, American Express ( AXP) is up $1.02 (1.59) to $65.15 on heavy volume Thus far, 6.4 million shares of American Express exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $63.64-$65.89 after having opened the day at $63.95 as compared to the previous trading day's close of $64.13.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $71.2 billion and is part of the financial services industry. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 11.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full American Express Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks 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 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.

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