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 72 points (-0.4%) at 16,500 as of Friday, April 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,273 issues advancing vs. 1,704 declining with 143 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 Digital Realty ( DLR), up 2.6%, Woori Finance Holdings ( WF), up 2.4%, Shinhan Financial Group ( SHG), up 1.7%, Banco Santander Chile ( BSAC), up 1.6% and Ventas ( VTR), up 1.5%. On the negative front, top decliners within the sector include E*Trade Financial ( ETFC), down 7.7%, Financial Engines ( FNGN), down 7.1%, TD Ameritrade Holding Corporation ( AMTD), down 4.4%, Charles Schwab ( SCHW), down 4.4% and SVB Financial Group ( SIVB), down 3.1%.

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

3. Berkshire Hathaway ( BRK.A) is one of the companies pushing the Financial sector higher today. As of noon trading, Berkshire Hathaway is up $1,011.00 (0.5%) to $187,298.00 on light volume. Thus far, 124 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 400 shares. The stock has ranged in price between $186,635.51-$187,925.00 after having opened the day at $186,725.00 as compared to the previous trading day's close of $186,287.00.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $160.2 billion and is part of the insurance industry. Shares are up 4.7% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and increase 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 Berkshire Hathaway Ratings Report now.

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2. As of noon trading, Allstate ( ALL) is up $0.42 (0.8%) to $57.02 on average volume. Thus far, 1.1 million shares of Allstate exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $56.85-$57.28 after having opened the day at $56.89 as compared to the previous trading day's close of $56.59.

The Allstate Corporation, through its subsidiaries, provides personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $25.1 billion and is part of the insurance industry. Shares are up 3.8% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Allstate a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Allstate 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, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Allstate Ratings Report now.

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1. As of noon trading, Simon Property Group ( SPG) is up $1.03 (0.6%) to $165.42 on light volume. Thus far, 409,442 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $164.01-$166.15 after having opened the day at $164.80 as compared to the previous trading day's close of $164.39.

Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, and management of properties. Simon Property Group has a market cap of $51.7 billion and is part of the real estate industry. Shares are up 8.0% year-to-date as of the close of trading on Thursday. Currently there are 16 analysts who rate Simon Property Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Simon Property Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Simon Property 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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