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.

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