3 Financial Stocks Driving 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.2%) at 17,072 as of Wednesday, July 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,641 issues advancing vs. 1,297 declining with 186 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 Deutsche Bank ( DB), up 2.5%, SEI Investments Company ( SEIC), up 2.5%, Icahn ( IEP), up 1.9%, KB Financial Group ( KB), up 1.6% and Woori Finance Holdings ( WF), up 1.6%. On the negative front, top decliners within the sector include Discover Financial Services ( DFS), down 2.0%, MasterCard ( MA), down 1.3%, Orix ( IX), down 1.0%, HDFC Bank ( HDB), down 1.0% and BlackRock ( BLK), down 0.7%.

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

3. Public Storage ( PSA) is one of the companies pushing the Financial sector higher today. As of noon trading, Public Storage is up $1.04 (0.6%) to $174.18 on average volume. Thus far, 287,973 shares of Public Storage exchanged hands as compared to its average daily volume of 587,200 shares. The stock has ranged in price between $173.11-$174.83 after having opened the day at $173.11 as compared to the previous trading day's close of $173.14.

Public Storage is an equity real estate investment trust. 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 $29.8 billion and is part of the real estate industry. Shares are up 15.0% year-to-date as of the close of trading on Tuesday. Currently there are 5 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 growth in earnings per share, increase in net income, revenue growth, 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 Public Storage Ratings Report now.

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