5 Financial Stocks Pushing Sector Growth

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 126 points (-0.8%) at 15,723 as of Friday, Jan. 31, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,087 issues advancing vs. 1,837 declining with 186 unchanged.

The Financial sector currently sits down 0.4% versus the S&P 500, which is down 0.5%. Top gainers within the sector include Credit Acceptance Corporation ( CACC), up 6.0%, and Simon Property Group ( SPG), up 1.2%. On the negative front, top decliners within the sector include Validus Holdings ( VR), down 6.3%, Deutsche Bank ( DB), down 3.6%, Nomura Holdings ( NMR), down 2.9%, Weyerhaeuser ( WY), down 2.8% and ING Groep N.V ( ING), down 2.7%.

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

5. Public Storage ( PSA) is one of the companies pushing the Financial sector higher today. As of noon trading, Public Storage is up $0.99 (0.6%) to $157.80 on average volume. Thus far, 288,854 shares of Public Storage exchanged hands as compared to its average daily volume of 702,400 shares. The stock has ranged in price between $155.09-$158.27 after having opened the day at $155.09 as compared to the previous trading day's close of $156.81.

Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. Public Storage has a market cap of $26.6 billion and is part of the real estate industry. The company has a P/E ratio of 32.4, above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Public Storage a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Public Storage as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Public Storage Ratings Report now.

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