3 Financial Stocks Dragging The Sector Down
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 13 points (-0.1%) at 18,461 as of Wednesday, July 27, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,210 issues advancing vs. 1,692 declining with 152 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
(
), down 9.6%,
(
), down 4.9%,
(
), down 3.8%,
(
), down 3.5% and
(
), down 3.3%. Top gainers within the sector include
(
), up 7.8%,
(
), up 1.3%,
(
), up 1.2%,
(
), up 0.7% and
(
), up 0.5%.
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, General Growth Properties is down $0.39 (-1.2%) to $31.58 on light volume. Thus far, 1.5 million shares of General Growth Properties exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $31.44-$31.89 after having opened the day at $31.89 as compared to the previous trading day's close of $31.97.
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General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois. General Growth Properties has a market cap of $28.1 billion and is part of the real estate industry. Shares are up 17.5% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate General Growth Properties a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
General Growth Properties
as a
. The company's strengths can be seen in multiple areas, such as its 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 sub par growth in net income. Get the full
General Growth Properties Ratings Report
now.
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2. As of noon trading,
(
) is down $1.16 (-1.0%) to $116.49 on average volume. Thus far, 584,295 shares of Travelers Companies exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $116.34-$117.50 after having opened the day at $117.50 as compared to the previous trading day's close of $117.65.
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The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. Travelers Companies has a market cap of $33.9 billion and is part of the insurance industry. Shares are up 4.2% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Travelers Companies a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Travelers Companies
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Travelers Companies 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,
(
) is down $2.14 (-0.9%) to $222.36 on average volume. Thus far, 945,617 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 $219.05-$225.20 after having opened the day at $225.15 as compared to the previous trading day's close of $224.50.
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.
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 $69.5 billion and is part of the real estate industry. Shares are up 15.5% year-to-date as of the close of trading on Tuesday. Currently there are 13 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
. 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.
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
(
).
