4 Stocks Pulling The Financial Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 63 points (0.4%) at 15,199 as of Monday, July 8, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,878 issues advancing vs. 1,083 declining with 93 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 1.0%. On the negative front, top decliners within the sector include Visa ( V), down 1.1%, and MasterCard Incorporated ( MA), down 0.7%. Top gainers within the sector include Manulife Financial Corporation ( MFC), up 3.3%, Royal Bank of Scotland Group (The ( RBS), up 2.9%, Annaly Capital Management ( NLY), up 2.4%, Lloyds Banking Group ( LYG), up 2.4% and Banco Santander ( SAN), up 2.8%.

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

4. Nomura Holdings ( NMR) is one of the companies pushing the Financial sector lower today. As of noon trading, Nomura Holdings is down $0.07 (-0.9%) to $7.90 on light volume. Thus far, 434,444 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $7.89-$7.97 after having opened the day at $7.94 as compared to the previous trading day's close of $7.97.

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. The company operates through three divisions: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $28.4 billion and is part of the financial services industry. Shares are up 35.8% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Nomura Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nomura Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Nomura Holdings 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.

3. As of noon trading, HDFC Bank ( HDB) is down $0.54 (-1.5%) to $36.32 on light volume. Thus far, 244,301 shares of HDFC Bank exchanged hands as compared to its average daily volume of 704,900 shares. The stock has ranged in price between $36.22-$36.74 after having opened the day at $36.67 as compared to the previous trading day's close of $36.86.

HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $28.3 billion and is part of the banking industry. Shares are down 9.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate 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 revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and increase in net income. 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.

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, Credicorp ( BAP) is down $3.89 (-3.1%) to $121.22 on heavy volume. Thus far, 269,816 shares of Credicorp exchanged hands as compared to its average daily volume of 354,700 shares. The stock has ranged in price between $121.05-$126.21 after having opened the day at $126.04 as compared to the previous trading day's close of $125.11.

Credicorp Ltd., through its subsidiaries, provides financial services primarily in Peru, the Cayman Islands, Bolivia, Chile, Colombia, and Panama. It operates in four segments: Banking, Insurance, Pension Funds, and Investment Banking. Credicorp has a market cap of $9.9 billion and is part of the banking industry. Shares are down 14.6% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Credicorp a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Credicorp as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. Get the full Credicorp 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, Bank of New York Mellon ( BK) is down $0.21 (-0.7%) to $29.05 on average volume. Thus far, 2.8 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $29.03-$29.52 after having opened the day at $29.45 as compared to the previous trading day's close of $29.26.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $33.1 billion and is part of the financial services industry. Shares are up 13.9% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of New York Mellon 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).

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