3 Financial Stocks Moving The Sector Upward

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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the sector include UBS ( UBS), up 2.8%, Howard Hughes ( HHC), up 3.0%, Royal Bank of Scotland Group (The ( RBS), up 2.6%, Credicorp ( BAP), up 1.9% and Credit Suisse Group ( CS), up 1.3%. On the negative front, top decliners within the sector include Grupo Financiero Santander Mexico SAB de CV ( BSMX), down 1.7%, HDFC Bank ( HDB), down 2.1%, Orix ( IX), down 1.6%, Toronto-Dominion Bank ( TD), down 1.2% and Bank of Montreal ( BMO), down 1.3%.

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

3. Morgan Stanley ( MS) is one of the companies pushing the Financial sector higher today. As of noon trading, Morgan Stanley is up $0.18 (0.6%) to $31.54 on average volume. Thus far, 3.4 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $31.12-$31.60 after having opened the day at $31.40 as compared to the previous trading day's close of $31.36.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $62.2 billion and is part of the financial services industry. Shares are unchanged year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Morgan Stanley a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Morgan Stanley 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, Berkshire Hathaway ( BRK.B) is up $0.85 (0.7%) to $129.80 on average volume. Thus far, 1.1 million shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $128.62-$129.90 after having opened the day at $128.76 as compared to the previous trading day's close of $128.95.

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 $156.2 billion and is part of the insurance industry. Shares are up 8.8% 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, impressive record of earnings per share growth, 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 shows low profit margins. Get the full Berkshire Hathaway 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, Goldman Sachs Group ( GS) is up $1.18 (0.7%) to $170.28 on light volume. Thus far, 876,082 shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $168.68-$170.49 after having opened the day at $169.38 as compared to the previous trading day's close of $169.10.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $75.9 billion and is part of the financial services industry. Shares are down 4.6% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, increase in net income 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 Goldman Sachs 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%