Today's Stocks Driving Success For The Utilities and Energy Sectors

 

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 52 points (0.3%) at 17,129 as of Tuesday, Aug. 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,998 issues advancing vs. 975 declining with 164 unchanged.

 

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 1.9%, and Centrais Eletricas Brasileiras ( EBR.B), up 2.1%. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 2.8%, Edison International ( EIX), down 0.8% and Public Service Enterprise Group ( PEG), down 0.6%.

 

TheStreet would like to highlight 3 stocks pushing these sectors higher today:

 

3. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector higher today. As of noon trading, CPFL Energy is up $0.56 (2.9%) to $20.17 on average volume. Thus far, 236,163 shares of CPFL Energy exchanged hands as compared to its average daily volume of 353,700 shares. The stock has ranged in price between $19.61-$20.18 after having opened the day at $19.88 as compared to the previous trading day's close of $19.61.

 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 

CPFL Energia S.A., together with its subsidiaries, generates, distributes, and commercializes electricity to industrial, residential, commercial, rural, and other consumers in Brazil. CPFL Energy has a market cap of $9.3 billion and is part of the utilities industry. Shares are up 22.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate CPFL Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

 

TheStreet Ratings rates CPFL Energy as a hold. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins. Get the full CPFL Energy Ratings Report now.

 

STOCKS TO BUY: 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, TransCanada ( TRP) is up $0.40 (0.8%) to $52.70 on heavy volume. Thus far, 1.1 million shares of TransCanada exchanged hands as compared to its average daily volume of 672,000 shares. The stock has ranged in price between $52.25-$52.70 after having opened the day at $52.45 as compared to the previous trading day's close of $52.30.

 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $36.2 billion and is part of the energy industry. Shares are up 14.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate TransCanada a buy, no analysts rate it a sell, and 2 rate it a hold.

 

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, expanding profit margins and good cash flow from operations. 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 TransCanada Ratings Report now.

 

STOCKS TO BUY: 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, EQT ( EQT) is up $1.89 (1.9%) to $98.66 on average volume. Thus far, 785,238 shares of EQT exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $96.60-$99.04 after having opened the day at $96.74 as compared to the previous trading day's close of $96.77.

 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 

EQT Corporation, together with its subsidiaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. EQT has a market cap of $14.4 billion and is part of the energy industry. Shares are up 7.8% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate EQT a buy, no analysts rate it a sell, and 4 rate it a hold.

 

TheStreet Ratings rates EQT 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, impressive record of earnings per share growth, compelling growth in net income 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 EQT Ratings Report now.

 

STOCKS TO BUY: 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 utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).
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