3 Stocks Pushing The Financial Sector Downward

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 68 points (0.4%) at 15,371 as of Thursday, May 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,814 issues advancing vs. 1,135 declining with 104 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include Plum Creek Timber ( PCL), down 3.49, AvalonBay Communities ( AVB), down 1.66 and Simon Property Group ( SPG), down 0.69. Top gainers within the sector include CIT Group ( CIT), up 6.5%, Aegon ( AEG), up 5.0%, Morgan Stanley ( MS), up 2.8%, CME Group ( CME), up 2.8% and ING Groep N.V ( ING), up 2.7%.

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

3. Royal Bank Of Canada ( RY) is one of the companies pushing the Financial sector lower today. As of noon trading, Royal Bank Of Canada is down $1.01 (-1.6%) to $60.75 on average volume Thus far, 385,903 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 622,300 shares. The stock has ranged in price between $60.38-$61.37 after having opened the day at $61.27 as compared to the previous trading day's close of $61.76.

Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. Royal Bank Of Canada has a market cap of $89.2 billion and is part of the banking industry. The company has a P/E ratio of 12.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Royal Bank Of Canada Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Public Storage ( PSA) is down $3.38 (-2.1%) to $153.89 on heavy volume Thus far, 515,764 shares of Public Storage exchanged hands as compared to its average daily volume of 609,100 shares. The stock has ranged in price between $153.77-$157.51 after having opened the day at $157.27 as compared to the previous trading day's close of $157.27.

Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. Public Storage has a market cap of $27.6 billion and is part of the real estate industry. The company has a P/E ratio of 39.1, above the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Public Storage a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Public Storage as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, revenue growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Public Storage Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, National Bank of Greece ( NBG) is down $114.63 (-94.0%) to $7.37 on heavy volume Thus far, 10.9 million shares of National Bank of Greece exchanged hands as compared to its average daily volume of 7.8 million shares. The stock has ranged in price between $5.64-$7.70 after having opened the day at $5.70 as compared to the previous trading day's close of $122.00.

National Bank of Greece S.A., together with its subsidiaries, provides diversified financial services primarily in Greece. National Bank of Greece has a market cap of $1.2 billion and is part of the banking industry. Shares are down 31.8% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate National Bank of Greece a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates National Bank of Greece as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full National Bank of Greece Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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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