BX, AFL, BEN, DFS And MET, 5 Financial Stocks Pushing The Sector Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 84 points (-0.5%) at 15,367 as of Wednesday, Aug. 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,847 declining with 114 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include TD Ameritrade Holding Corporation ( AMTD), down 2.1%, Western Union Company ( WU), down 1.7%, Mitsubishi UFJ Financial Group ( MTU), down 1.4%, Charles Schwab ( SCHW), down 1.2% and Health Care REIT ( HCN), down 1.0%. Top gainers within the sector include Royal Bank of Scotland Group (The ( RBS), up 5.1%, Weyerhaeuser ( WY), up 3.3%, Lloyds Banking Group ( LYG), up 1.5%, Nomura Holdings ( NMR), up 1.4% and Annaly Capital Management ( NLY), up 1.3%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Blackstone Group ( BX) is one of the companies pushing the Financial sector lower today. As of noon trading, Blackstone Group is down $0.37 (-1.6%) to $22.56 on average volume. Thus far, 3.0 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $22.50-$22.99 after having opened the day at $22.95 as compared to the previous trading day's close of $22.93.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $12.9 billion and is part of the financial services industry. Shares are up 47.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Blackstone Group 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.

4. As of noon trading, Aflac ( AFL) is down $0.50 (-0.8%) to $61.45 on light volume. Thus far, 595,658 shares of Aflac exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $61.44-$61.98 after having opened the day at $61.89 as compared to the previous trading day's close of $61.95.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. Aflac has a market cap of $28.6 billion and is part of the insurance industry. Shares are up 16.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Aflac a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Aflac as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Aflac 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, Franklin Resources ( BEN) is down $0.34 (-0.7%) to $48.76 on light volume. Thus far, 671,037 shares of Franklin Resources exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $48.45-$49.21 after having opened the day at $49.05 as compared to the previous trading day's close of $49.10.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. Franklin Resources has a market cap of $30.8 billion and is part of the financial services industry. Shares are up 15.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Franklin Resources 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, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Franklin Resources 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, Discover Financial Services ( DFS) is down $0.39 (-0.8%) to $50.26 on light volume. Thus far, 1.1 million shares of Discover Financial Services exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $50.07-$50.84 after having opened the day at $50.55 as compared to the previous trading day's close of $50.65.

Discover Financial Services, a bank holding company, provides direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $24.3 billion and is part of the financial services industry. Shares are up 30.5% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Discover Financial Services 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, MetLife ( MET) is down $0.40 (-0.8%) to $49.14 on light volume. Thus far, 2.1 million shares of MetLife exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $49.12-$49.79 after having opened the day at $49.42 as compared to the previous trading day's close of $49.54.

MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, the Middle East, Asia, and Europe. MetLife has a market cap of $53.5 billion and is part of the insurance industry. Shares are up 50.4% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate MetLife a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full MetLife 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).
null

If you liked this article you might like

Quick Tips: Now What Should Investors Do?

Quick Tips: Now What Should Investors Do?

Blackstone Group's Byron Wien: Investors Need Complacency Beaten Out of Them

Blackstone Group's Byron Wien: Investors Need Complacency Beaten Out of Them

Is the Market's Explosive Rally Off the Lows Fake?

Is the Market's Explosive Rally Off the Lows Fake?

9 Banking Bets, From Main Street to Wall Street

9 Banking Bets, From Main Street to Wall Street

Dow Tumbles 362 Points; S&P 500 and Nasdaq Also Finish Lower

Dow Tumbles 362 Points; S&P 500 and Nasdaq Also Finish Lower