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 modelOne out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 51 points (0.4%) at 13,835 as of Tuesday, Feb. 26, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,532 issues advancing vs. 1,325 declining with 146 unchanged.The Financial sector currently sits up 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include MetLife (MET), down 2.0%, Citigroup (C), down 1.6%, Credit Suisse Group (CS), down 1.2%, Royal Bank of Scotland Group (The (RBS), down 1.0% and Royal Bank Of Canada (RY), down 0.8%. Top gainers within the sector include CommonWealth REIT (CWH), up 35.6%, American Tower (AMT), up 2.5%, Nomura Holdings (NMR), up 2.5%, Orix Corporation (IX), up 2.4% and Banco Santander (SAN), up 0.6%.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 $1,560.00 (-1.0%) to $148,340.00 on light volume Thus far, 261 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 700 shares. The stock has ranged in price between $148,105.00-$149,599.00 after having opened the day at $149,524.00 as compared to the previous trading day's close of $149,900.00. 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 $139.7 billion and is part of the insurance industry. The company has a P/E ratio of 2268.8, above the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Monday.TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, growth in earnings per share and good cash flow from operations. 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.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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