BX, AFL, BEN, DFS And MET, 5 Financial Stocks Pushing The Sector Lower
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 down today with the Dow Jones Industrial Average (^DJI) trading down 84 points (-0.5%) at 15,367 as of Wednesday, Aug. 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,847 declining with 114 unchanged.The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include TD Ameritrade Holding Corporation (AMTD), down 2.1%, Western Union Company (WU), down 1.7%, Mitsubishi UFJ Financial Group (MTU), down 1.4%, Charles Schwab (SCHW), down 1.2% and Health Care REIT (HCN), down 1.0%. Top gainers within the sector include Royal Bank of Scotland Group (The (RBS), up 5.1%, Weyerhaeuser (WY), up 3.3%, Lloyds Banking Group (LYG), up 1.5%, Nomura Holdings (NMR), up 1.4% and Annaly Capital Management (NLY), up 1.3%.TheStreet would like to highlight 5 stocks pushing the sector lower today:5. Blackstone Group (BX) is one of the companies pushing the Financial sector lower today. As of noon trading, Blackstone Group is down $0.37 (-1.6%) to $22.56 on average volume. Thus far, 3.0 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $22.50-$22.99 after having opened the day at $22.95 as compared to the previous trading day's close of $22.93. The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $12.9 billion and is part of the financial services industry. Shares are up 47.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Blackstone Group 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.
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