3 Financial Stocks Pushing The Sector Higher

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 13 points (-0.1%) at 18,461 as of Wednesday, July 27, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,210 issues advancing vs. 1,692 declining with 152 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the sector include State Street ( STT), up 7.8%, Aegon ( AEG), up 1.3%, Bank of New York Mellon ( BK), up 1.2%, UBS Group ( UBS), up 0.7% and Intercontinental Exchange ( ICE), up 0.5%. On the negative front, top decliners within the sector include Total System Services ( TSS), down 9.6%, Equity Residential ( EQR), down 4.9%, Deutsche Bank ( DB), down 3.8%, Oaktree Capital Group ( OAK), down 3.5% and Carlyle Group ( CG), down 3.3%.

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

3. Axis Capital Holdings ( AXS) is one of the companies pushing the Financial sector higher today. As of noon trading, Axis Capital Holdings is up $1.99 (3.7%) to $55.58 on average volume. Thus far, 357,668 shares of Axis Capital Holdings exchanged hands as compared to its average daily volume of 507,200 shares. The stock has ranged in price between $54.54-$55.71 after having opened the day at $54.82 as compared to the previous trading day's close of $53.59.

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AXIS Capital Holdings Limited, together with its subsidiaries, provides specialty lines insurance and treaty reinsurance products worldwide. The company operates through Insurance and Reinsurance segments. Axis Capital Holdings has a market cap of $5.0 billion and is part of the insurance industry. Shares are down 4.7% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Axis Capital Holdings a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Axis Capital Holdings as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Axis Capital Holdings Ratings Report now.

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2. As of noon trading, Nasdaq ( NDAQ) is up $1.63 (2.4%) to $70.13 on heavy volume. Thus far, 613,288 shares of Nasdaq exchanged hands as compared to its average daily volume of 776,500 shares. The stock has ranged in price between $68.47-$70.16 after having opened the day at $68.50 as compared to the previous trading day's close of $68.50.

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Nasdaq, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public company services worldwide. It operates in four segments: Market Services, Listing Services, Information Services, and Technology Solutions. Nasdaq has a market cap of $11.3 billion and is part of the financial services industry. Shares are up 17.8% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Nasdaq a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Nasdaq as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full Nasdaq Ratings Report now.

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1. As of noon trading, CME Group ( CME) is up $0.66 (0.7%) to $102.16 on light volume. Thus far, 424,338 shares of CME Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $101.30-$102.47 after having opened the day at $101.83 as compared to the previous trading day's close of $101.50.

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CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. CME Group has a market cap of $34.4 billion and is part of the financial services industry. Shares are up 12.0% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate CME Group a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates CME Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full CME Group Ratings Report now.

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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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