3 Stocks Boosting The Financial Sector Higher

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 41 points (-0.3%) at 14,800 as of Friday, Aug. 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 850 issues advancing vs. 2,040 declining with 117 unchanged.

The Financial sector currently sits down 0.6% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Corpbanca ( BCA), up 5.1%, HDFC Bank ( HDB), up 3.9%, Banco Santander Chile ( BSAC), up 2.4%, Toronto-Dominion Bank ( TD), up 1.1% and Brookfield Asset Management ( BAM), up 1.1%. On the negative front, top decliners within the sector include ING Groep N.V ( ING), down 2.6%, Mitsubishi UFJ Financial Group ( MTU), down 2.0%, Nomura Holdings ( NMR), down 2.0%, Aegon ( AEG), down 1.8% and TD Ameritrade Holding Corporation ( AMTD), down 1.7%.

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

3. Sun Life Financial ( SLF) is one of the companies pushing the Financial sector higher today. As of noon trading, Sun Life Financial is up $0.36 (1.2%) to $30.64 on light volume. Thus far, 91,058 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 342,300 shares. The stock has ranged in price between $30.33-$30.71 after having opened the day at $30.35 as compared to the previous trading day's close of $30.28.

Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $18.4 billion and is part of the insurance industry. Shares are up 14.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Sun Life Financial a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, attractive valuation levels and expanding profit margins. 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 Sun Life Financial Ratings Report now.

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2. As of noon trading, Manulife Financial Corporation ( MFC) is up $0.27 (1.7%) to $16.58 on average volume. Thus far, 1.3 million shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $16.27-$16.59 after having opened the day at $16.37 as compared to the previous trading day's close of $16.31.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. Manulife Financial Corporation has a market cap of $29.9 billion and is part of the insurance industry. Shares are up 20.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Manulife Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. 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 Manulife Financial Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, CME Group ( CME) is up $0.45 (0.6%) to $70.92 on light volume. Thus far, 418,285 shares of CME Group exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $70.31-$71.29 after having opened the day at $70.43 as compared to the previous trading day's close of $70.47.

CME Group Inc. operates the CME, CBOT, NYMEX COMEX, and KCBT futures exchanges worldwide. It operates CBOT exchange, a marketplace for trading agricultural and the U.S. CME Group has a market cap of $23.7 billion and is part of the financial services industry. Shares are up 39.1% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate CME Group a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates CME Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full CME Group Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).
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