5 Stocks Pushing The Financial Sector Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelThe Dow Jones Industrial Average (^DJI) steady at 13,953 as of Wednesday, Jan. 30, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,129 issues advancing vs. 1,699 declining with 163 unchanged.The Financial sector currently sits down 0.2% versus the S&P 500, which is down 0.0%. On the negative front, top decliners within the sector include Icahn (IEP), down 4.8%, Weyerhaeuser (WY), down 2.4%, Prologis (PLD), down 1.7%, Lloyds Banking Group (LYG), down 1.8% and ACE (ACE), down 1.4%. Top gainers within the sector include Nomura Holdings (NMR), up 2.7%, HDFC Bank (HDB), up 1.6%, Deutsche Bank (DB), up 1.2%, Capital One Financial (COF), up 1.0% and Mitsubishi UFJ Financial Group (MTU), up 0.7%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. Berkshire Hathaway (BRK.A) is one of the companies pushing the Financial sector lower today. As of noon trading, Berkshire Hathaway is down $795.10 (-0.5%) to $145,699.90 on light volume Thus far, 172 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 800 shares. The stock has ranged in price between $145,400.01-$146,600.00 after having opened the day at $146,600.00 as compared to the previous trading day's close of $146,495.00.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 $134.9 billion and is part of the insurance industry. The company has a P/E ratio of 2189.8, above the S&P 500 P/E ratio of 17.7. Shares are up 9.4% year to date as of the close of trading on Tuesday.TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Berkshire Hathaway Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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