3 Stocks Dragging In The Financial Sector

TheStreet highlights 3 stocks pushing the financial sector lower today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 27 points (0.2%) at 17,957 as of Friday, July 1, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,079 declining with 105 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include

Regions Financial

(

RF

), down 2.6%,

First Republic Bank

(

FRC

), down 2.4%,

Banco Santander (Brasil

(

BSBR

), down 1.9%,

Bank of America Corporation

(

BAC

), down 1.7% and

Extra Space Storage

(

EXR

), down 1.7%. Top gainers within the sector include

Senior Housing Properties

(

SNH

), up 5.1%,

Visa

(

V

), up 1.4%,

MasterCard

(

MA

), up 1.3%,

UBS Group

(

UBS

), up 1.2% and

Deutsche Bank

(

DB

), up 1.1%.

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

3.

MetLife

(

MET

) is one of the companies pushing the Financial sector lower today. As of noon trading, MetLife is down $0.25 (-0.6%) to $39.58 on average volume. Thus far, 4.2 million shares of MetLife exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $39.16-$39.97 after having opened the day at $39.56 as compared to the previous trading day's close of $39.83.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. MetLife has a market cap of $43.1 billion and is part of the insurance industry. Shares are down 17.4% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate MetLife a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

MetLife

as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

MetLife Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

2. As of noon trading,

Morgan Stanley

(

MS

) is down $0.14 (-0.6%) to $25.84 on light volume. Thus far, 4.6 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 15.1 million shares. The stock has ranged in price between $25.76-$26.40 after having opened the day at $25.77 as compared to the previous trading day's close of $25.98.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $48.9 billion and is part of the financial services industry. Shares are down 18.3% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts that rate Morgan Stanley a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Morgan Stanley

as a

hold

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. Get the full

Morgan Stanley Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

1. As of noon trading,

Berkshire Hathaway Inc B

(

BRK.B

) is down $0.82 (-0.6%) to $143.97 on light volume. Thus far, 1.2 million shares of Berkshire Hathaway Inc B exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $143.94-$144.83 after having opened the day at $144.59 as compared to the previous trading day's close of $144.79.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Berkshire Hathaway Inc. operates as a holding company. It provides property and casualty insurance and reinsurance, as well as life, accident, and health reinsurance; and operates railroad systems in North America. Berkshire Hathaway Inc B has a market cap of $350.2 billion and is part of the insurance industry. Shares are up 9.7% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates

Berkshire Hathaway Inc B

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, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

Berkshire Hathaway Inc B Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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

).

Loading ...