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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Woori Finance Holdings ( WF), up 4.0%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 3.0%, KKR ( KKR), up 2.3%, Shinhan Financial Group ( SHG), up 1.9% and Lazard ( LAZ), up 1.7%. On the negative front, top decliners within the sector include Financial Engines ( FNGN), down 4.2%, National Bank of Greece ( NBG), down 4.2%, HDFC Bank ( HDB), down 2.7%, CoStar Group ( CSGP), down 2.4% and Prospect Capital Corporation ( PSEC), down 2.5%.

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

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Financial sector higher today. As of noon trading, Mitsubishi UFJ Financial Group is up $0.08 (1.4%) to $5.64 on light volume. Thus far, 617,207 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $5.60-$5.64 after having opened the day at $5.62 as compared to the previous trading day's close of $5.56.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. The company also engages in the wholesale and retail securities businesses. Mitsubishi UFJ Financial Group has a market cap of $77.2 billion and is part of the banking industry. Shares are down 16.8% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Mitsubishi UFJ Financial 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.

2. As of noon trading, Brookfield Asset Management ( BAM) is up $0.33 (0.8%) to $43.26 on average volume. Thus far, 328,966 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 586,100 shares. The stock has ranged in price between $42.81-$43.29 after having opened the day at $42.90 as compared to the previous trading day's close of $42.93.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management has a market cap of $26.9 billion and is part of the real estate industry. Shares are up 10.6% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Brookfield Asset Management a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Brookfield Asset Management 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, Travelers Companies ( TRV) is up $0.88 (1.0%) to $92.92 on average volume. Thus far, 1.2 million shares of Travelers Companies exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $92.22-$92.98 after having opened the day at $92.37 as compared to the previous trading day's close of $92.04.

The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States. Travelers Companies has a market cap of $31.7 billion and is part of the insurance industry. Shares are up 1.7% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Travelers Companies a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Travelers Companies 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Travelers 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.

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

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists