3 Stocks Dragging The Financial Sector Downward

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

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 24 points (-0.1%) at 18,483 as of Friday, July 15, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,378 issues advancing vs. 1,527 declining with 156 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include

Credicorp

(

BAP

), down 1.9%,

Essex Property

(

ESS

), down 1.9%,

Banco Santander (Brasil

(

BSBR

), down 1.7%,

AvalonBay Communities

(

AVB

), down 1.6% and

Realty Income

(

O

), down 1.6%. A company within the sector that increased today was

State Street

(

STT

), up 1.2%.

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

3.

American Tower

(

AMT

) is one of the companies pushing the Financial sector lower today. As of noon trading, American Tower is down $0.85 (-0.7%) to $116.15 on average volume. Thus far, 803,886 shares of American Tower exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $115.95-$117.54 after having opened the day at $117.13 as compared to the previous trading day's close of $117.00.

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American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. American Tower has a market cap of $49.3 billion and is part of the telecommunications industry. Shares are up 20.7% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts that rate American Tower a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

American Tower

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

American Tower Ratings Report

now.

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2. As of noon trading,

PNC Financial Services Group

(

PNC

) is down $0.92 (-1.1%) to $81.94 on heavy volume. Thus far, 2.3 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $81.93-$85.44 after having opened the day at $85.03 as compared to the previous trading day's close of $82.86.

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The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. PNC Financial Services Group has a market cap of $41.0 billion and is part of the banking industry. Shares are down 13.1% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts that rate PNC Financial Services Group a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

PNC Financial Services Group

as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and attractive valuation levels. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

PNC Financial Services Group Ratings Report

now.

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1. As of noon trading,

Simon Property Group

(

SPG

) is down $2.03 (-0.9%) to $220.14 on light volume. Thus far, 526,072 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $219.94-$222.63 after having opened the day at $222.54 as compared to the previous trading day's close of $222.17.

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Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, management, and development of properties. Simon Property Group has a market cap of $69.4 billion and is part of the real estate industry. Shares are up 14.3% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts that rate Simon Property Group a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Simon Property Group

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Simon Property 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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