3 Stocks Pulling 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 14 points (0.1%) at 14,951 as of Friday, Sept. 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,968 issues advancing vs. 907 declining with 132 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include M&T Bank ( MTB), down 1.2%, Charles Schwab ( SCHW), down 1.1%, UBS ( UBS), down 0.9%, BB&T ( BBT), down 0.9% and Citigroup ( C), down 0.9%. Top gainers within the sector include Banco Santander Chile ( BSAC), up 6.1%, E*Trade Financial ( ETFC), up 4.5%, American Tower ( AMT), up 4.4%, HCP ( HCP), up 4.4% and General Growth Properties ( GGP), up 3.4%.

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

3. IntercontinentalExchange ( ICE) is one of the companies pushing the Financial sector lower today. As of noon trading, IntercontinentalExchange is down $2.16 (-1.2%) to $178.84 on average volume. Thus far, 460,416 shares of IntercontinentalExchange exchanged hands as compared to its average daily volume of 626,400 shares. The stock has ranged in price between $177.26-$182.02 after having opened the day at $181.95 as compared to the previous trading day's close of $181.00.

IntercontinentalExchange, Inc. operates regulated global markets and clearing houses primarily in the United States, the United Kingdom, Canada, and Brazil. IntercontinentalExchange has a market cap of $13.3 billion and is part of the financial services industry. Shares are up 46.2% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate IntercontinentalExchange a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, good cash flow from operations 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 IntercontinentalExchange 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, Aflac ( AFL) is down $0.49 (-0.8%) to $58.43 on light volume. Thus far, 642,666 shares of Aflac exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $57.76-$59.02 after having opened the day at $59.01 as compared to the previous trading day's close of $58.92.

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 $27.4 billion and is part of the insurance industry. Shares are up 10.9% year to date as of the close of trading on Thursday. 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.

1. As of noon trading, CME Group ( CME) is down $0.49 (-0.7%) to $72.43 on average volume. Thus far, 1.1 million shares of CME Group exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $72.00-$73.18 after having opened the day at $73.17 as compared to the previous trading day's close of $72.92.

CME Group Inc. operates the CME, CBOT, NYMEX COMEX, and KCBT futures exchanges worldwide. It operates CBOT exchange, a marketplace for trading agricultural and the U.S. CME Group has a market cap of $24.6 billion and is part of the financial services industry. Shares are up 44.8% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate CME Group a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates CME Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full CME 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.

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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