3 Stocks Underperforming Today In The Financial Sector
One out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading down 56 points (-0.3%) at 17,863 as of Thursday, July 7, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,277 declining with 139 unchanged.
The Financial sector currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include
Alexandria Real Estate Equities
(
), down 3.8%,
(
), down 2.7%,
(
), down 2.5%,
(
), down 2.3% and
(
), down 2.1%. Top gainers within the sector include
(
), up 15.5%,
(
), up 3.0%,
(
), up 2.7%,
(
), up 2.4% and
(
), up 2.4%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Financial sector lower today. As of noon trading, Annaly Capital Management is down $0.17 (-1.6%) to $10.82 on light volume. Thus far, 2.6 million shares of Annaly Capital Management exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $10.81-$11.02 after having opened the day at $11.00 as compared to the previous trading day's close of $10.99.
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Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. Annaly Capital Management has a market cap of $10.2 billion and is part of the real estate industry. Shares are up 17.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Annaly Capital Management a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Annaly Capital Management
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full
Annaly Capital Management Ratings Report
now.
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2. As of noon trading,
(
) is down $0.96 (-0.5%) to $180.92 on light volume. Thus far, 247,092 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 798,800 shares. The stock has ranged in price between $179.45-$181.93 after having opened the day at $181.92 as compared to the previous trading day's close of $181.88.
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AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $24.8 billion and is part of the real estate industry. Shares are down 1.2% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate AvalonBay Communities a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
AvalonBay Communities
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, 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 somewhat disappointing return on equity. Get the full
AvalonBay Communities Ratings Report
now.
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1. As of noon trading,
(
) is down $1.94 (-0.5%) to $385.50 on light volume. Thus far, 138,590 shares of Equinix exchanged hands as compared to its average daily volume of 629,400 shares. The stock has ranged in price between $382.26-$387.83 after having opened the day at $386.70 as compared to the previous trading day's close of $387.44.
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.
Equinix, Inc. is a publicly owned real estate investment trust. Equinix has a market cap of $26.9 billion and is part of the real estate industry. Shares are up 28.1% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Equinix a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Equinix
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, premium valuation and weak operating cash flow. Get the full
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
(
) while those bearish on the financial sector could consider
(
).