3 Stocks Driving 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the sector include National Bank of Greece ( NBG), up 2.7%, Digital Realty ( DLR), up 2.0%, KKR ( KKR), up 2.0%, Franklin Resources ( BEN), up 1.5% and Charles Schwab ( SCHW), up 1.3%. On the negative front, top decliners within the sector include Hospitality Properties ( HPT), down 5.4%, Royal Bank of Scotland Group (The ( RBS), down 1.5%, Sun Life Financial ( SLF), down 1.4%, Canadian Imperial Bank of Commerce ( CM), down 1.3% and Credit Suisse Group ( CS), down 1.2%.

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

3. HDFC Bank ( HDB) is one of the companies pushing the Financial sector higher today. As of noon trading, HDFC Bank is up $1.83 (4.4%) to $43.64 on average volume. Thus far, 758,399 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $42.90-$44.12 after having opened the day at $43.03 as compared to the previous trading day's close of $41.81.

HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $32.9 billion and is part of the banking industry. Shares are up 21.4% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full HDFC Bank 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, Marsh & McLennan Companies ( MMC) is up $0.28 (0.6%) to $48.85 on light volume. Thus far, 717,170 shares of Marsh & McLennan Companies exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $48.39-$48.89 after having opened the day at $48.56 as compared to the previous trading day's close of $48.57.

Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and human capital worldwide. It operates in two segments, Risk and Insurance Services and Consulting. Marsh & McLennan Companies has a market cap of $26.8 billion and is part of the insurance industry. Shares are up 0.4% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Marsh & McLennan Companies a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Marsh & McLennan Companies 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 largely solid financial position with reasonable debt levels by most measures. 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 Marsh & McLennan Companies 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, ACE ( ACE) is up $0.53 (0.5%) to $102.65 on light volume. Thus far, 529,906 shares of ACE exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $101.85-$102.68 after having opened the day at $101.98 as compared to the previous trading day's close of $102.12.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. ACE has a market cap of $34.8 billion and is part of the insurance industry. Shares are down 1.4% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts who rate ACE a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates ACE 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, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ACE 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).

null

More from Markets

Stocks Trade Lower as Rates Continue Rising; Boeing Holds Gains

Stocks Trade Lower as Rates Continue Rising; Boeing Holds Gains

4 Stocks Making Important Moves Wednesday

4 Stocks Making Important Moves Wednesday

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Dow Futures Turn Positive After Boeing Earnings Blowout; Twitter Boosts Nasdaq

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Facebook, Boeing, Shire and Credit Suisse - 5 Things You Must Know

Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday

Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday