5 Stocks Pushing The Financial Sector Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 20 points (0.1%) at 14,984 as of Friday, Aug. 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,794 issues advancing vs. 1,149 declining with 104 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include DFC Global ( DLLR), down 26.4%, Regions Financial Corporation ( RF), down 1.4%, Franklin Resources ( BEN), down 1.3%, Aegon ( AEG), down 1.3% and SunTrust Banks ( STI), down 0.9%. Top gainers within the sector include American Capital Agency ( AGNC), up 3.5%, Annaly Capital Management ( NLY), up 2.4%, HDFC Bank ( HDB), up 1.7%, Orix Corporation ( IX), up 1.6% and Ventas ( VTR), up 1.5%.

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

5. BlackRock ( BLK) is one of the companies pushing the Financial sector lower today. As of noon trading, BlackRock is down $1.12 (-0.4%) to $266.94 on light volume. Thus far, 100,603 shares of BlackRock exchanged hands as compared to its average daily volume of 808,500 shares. The stock has ranged in price between $266.44-$270.25 after having opened the day at $269.93 as compared to the previous trading day's close of $268.06.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $44.3 billion and is part of the financial services industry. Shares are up 27.7% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, 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 BlackRock 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.

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