4 Stocks Pushing The Financial Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.5%) at 14,495 as of Friday, March 22, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,725 issues advancing vs. 1,132 declining with 170 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The ( RBS), down 1.5%, Orix Corporation ( IX), down 1.0% and Banco De Chile ( BCH), down 0.8%. Top gainers within the sector include Assured Guaranty ( AGO), up 4.0%, Credit Suisse Group ( CS), up 2.5%, Woori Finance Holdings ( WF), up 2.3%, Annaly Capital Management ( NLY), up 2.1% and American Capital Agency ( AGNC), up 1.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. ING Groep N.V ( ING) is one of the companies pushing the Financial sector lower today. As of noon trading, ING Groep N.V is down $0.19 (-2.4%) to $7.63 on average volume Thus far, 1.5 million shares of ING Groep N.V exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $7.61-$7.84 after having opened the day at $7.83 as compared to the previous trading day's close of $7.82.

ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services for individuals, families, small businesses, corporations, institutions, and governments worldwide. ING Groep N.V has a market cap of $30.4 billion and is part of the insurance industry. The company has a P/E ratio of 7.0, below the S&P 500 P/E ratio of 17.7. Shares are down 17.6% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate ING Groep N.V a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates ING Groep N.V as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full ING Groep N.V Ratings Report now.

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3. As of noon trading, HDFC Bank ( HDB) is down $0.24 (-0.6%) to $36.68 on average volume Thus far, 320,683 shares of HDFC Bank exchanged hands as compared to its average daily volume of 740,400 shares. The stock has ranged in price between $36.61-$37.13 after having opened the day at $37.04 as compared to the previous trading day's close of $36.92.

HDFC Bank Limited, together with its subsidiaries, provides retail banking, wholesale banking, treasury, and other financial services to individual and business customers in India. HDFC Bank has a market cap of $29.4 billion and is part of the banking industry. The company has a P/E ratio of 30.5, above the S&P 500 P/E ratio of 17.7. Shares are down 9.3% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full HDFC Bank Ratings Report now.

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2. As of noon trading, Nationstar Mortgage Holdings ( NSM) is down $1.61 (-4.7%) to $32.44 on heavy volume Thus far, 1.2 million shares of Nationstar Mortgage Holdings exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $31.89-$34.25 after having opened the day at $33.99 as compared to the previous trading day's close of $34.05.

National Semiconductor Corporation, a semiconductor company, designs, develops, manufactures, and markets analog and mixed-signal integrated circuits and sub-systems. Nationstar Mortgage Holdings has a market cap of $3.2 billion and is part of the real estate industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Nationstar Mortgage Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Nationstar Mortgage Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nationstar Mortgage Holdings Ratings Report now.

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1. As of noon trading, Ocwen Financial Corporation ( OCN) is down $1.29 (-3.6%) to $34.34 on heavy volume Thus far, 2.0 million shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $34.26-$35.58 after having opened the day at $35.53 as compared to the previous trading day's close of $35.63.

Ocwen Financial Corporation, through its subsidiaries, engages in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial Corporation has a market cap of $5.0 billion and is part of the banking industry. The company has a P/E ratio of 28.0, above the S&P 500 P/E ratio of 17.7. Shares are up 3.0% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Ocwen Financial Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Ocwen Financial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. 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 Ocwen Financial Corporation Ratings Report now.

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If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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