5 Stocks Boosting The Financial Services Industry 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 111 points (0.7%) at 16,536 as of Tuesday, Jan. 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,084 issues advancing vs. 856 declining with 147 unchanged.

The Financial Services industry currently sits up 0.3% versus the S&P 500, which is up 0.6%. Top gainers within the industry include WisdomTree Investments ( WETF), up 3.5%, CapitalSource ( CSE), up 3.3%, Stifel Financial ( SF), up 2.4%, Western Union Company ( WU), up 2.2% and Waddell & Reed Financial ( WDR), up 2.1%. A company within the industry that fell today was Blackstone Group ( BX), up 0.6%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Discover Financial Services ( DFS) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Discover Financial Services is up $0.29 (0.5%) to $54.65 on average volume. Thus far, 1.3 million shares of Discover Financial Services exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $54.41-$55.04 after having opened the day at $54.68 as compared to the previous trading day's close of $54.36.

Discover Financial Services, a bank holding company, provides 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 $26.3 billion and is part of the financial sector. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 6 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 revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 Discover Financial Services 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.

4. As of noon trading, IntercontinentalExchange Group ( ICE) is up $2.13 (0.9%) to $228.59 on average volume. Thus far, 335,194 shares of IntercontinentalExchange Group exchanged hands as compared to its average daily volume of 828,000 shares. The stock has ranged in price between $226.42-$229.50 after having opened the day at $228.84 as compared to the previous trading day's close of $226.46.

IntercontinentalExchange Group, Inc., through its subsidiaries, operates a network of regulated exchanges and clearing houses for financial and commodity markets primarily in the United States, the United Kingdom, Canada, Europe, and Brazil. IntercontinentalExchange Group has a market cap of $16.5 billion and is part of the financial sector. Currently there are 11 analysts that rate IntercontinentalExchange Group a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates IntercontinentalExchange Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full IntercontinentalExchange 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.

3. As of noon trading, BlackRock ( BLK) is up $3.13 (1.0%) to $317.20 on light volume. Thus far, 183,234 shares of BlackRock exchanged hands as compared to its average daily volume of 618,100 shares. The stock has ranged in price between $314.12-$319.63 after having opened the day at $314.12 as compared to the previous trading day's close of $314.07.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $52.5 billion and is part of the financial sector. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full BlackRock 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.

2. As of noon trading, Morgan Stanley ( MS) is up $0.18 (0.6%) to $31.80 on light volume. Thus far, 3.8 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 11.7 million shares. The stock has ranged in price between $31.50-$31.89 after having opened the day at $31.80 as compared to the previous trading day's close of $31.62.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $61.5 billion and is part of the financial sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Morgan Stanley a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Morgan Stanley 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, Visa ( V) is up $2.01 (0.9%) to $221.84 on light volume. Thus far, 746,356 shares of Visa exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $220.46-$221.88 after having opened the day at $220.75 as compared to the previous trading day's close of $219.83.

Visa Inc., a payments technology company, is engaged in the operation of retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. Visa has a market cap of $111.9 billion and is part of the financial sector. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Monday. Currently there are 16 analysts that rate Visa a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations 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 Visa 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 5 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).

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