3 Financial Stocks Nudging The 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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Orix ( IX), up 1.7%, Mitsubishi UFJ Financial Group ( MTU), up 1.6%, Nomura Holdings ( NMR), up 1.4%, BlackRock ( BLK), up 1.0% and TD Ameritrade ( AMTD), up 0.9%. On the negative front, top decliners within the sector include Lincoln National Corp (Radnor ( LNC), down 1.5%, Canadian Imperial Bank of Commerce ( CM), down 1.3%, MetLife ( MET), down 0.8%, Sun Life Financial ( SLF), down 0.8% and Manulife Financial Corporation ( MFC), down 0.6%.

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

3. Invesco ( IVZ) is one of the companies pushing the Financial sector higher today. As of noon trading, Invesco is up $0.66 (1.8%) to $36.60 on average volume. Thus far, 2.1 million shares of Invesco exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $35.91-$36.61 after having opened the day at $36.00 as compared to the previous trading day's close of $35.94.

Invesco Ltd. is a publicly owned investment manager. It primarily provides its services to institutional clients including major public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, and financial institutions. Invesco has a market cap of $15.6 billion and is part of the financial services industry. Shares are down 1.3% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Invesco a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, 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 sub par growth in net income. Get the full Invesco Ratings Report now.

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2. As of noon trading, Ameriprise Financial ( AMP) is up $1.02 (0.9%) to $112.20 on average volume. Thus far, 634,807 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $111.58-$112.92 after having opened the day at $111.99 as compared to the previous trading day's close of $111.18.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $21.2 billion and is part of the financial services industry. Shares are down 3.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Ameriprise Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Ameriprise Financial 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, Blackstone Group ( BX) is up $0.33 (1.1%) to $31.29 on light volume. Thus far, 1.1 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $30.92-$31.32 after having opened the day at $31.13 as compared to the previous trading day's close of $30.96.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $18.0 billion and is part of the financial services industry. Shares are down 1.7% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Blackstone 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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