State Street Corp (STT): Today's Featured Financial Laggard

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.

State Street ( STT) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.9%. By the end of trading, State Street fell $0.98 (-1.4%) to $70.37 on average volume. Throughout the day, 1,907,480 shares of State Street exchanged hands as compared to its average daily volume of 2,449,700 shares. The stock ranged in price between $70.24-$71.60 after having opened the day at $71.50 as compared to the previous trading day's close of $71.35. Other companies within the Financial sector that declined today were: Icahn ( IEP), down 15.2%, Direxion Daily China Bull 3X Shares ( YINN), down 11.8%, Direxion Daily Gold Miners Bull 3X Shares ( NUGT), down 10.5% and Stewardship Financial Corporation ( SSFN), down 10.2%.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. State Street has a market cap of $31.5 billion and is part of the financial services industry. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are up 52.8% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Northstar Realty Finance Corporation ( NRF), up 20.2%, Royce Micro Cap ( RMT), up 19.1%, Direxion Daily China Bear 3X Shares ( YANG), up 11.9% and Gaming and Leisure Properties ( GLPI), up 11.3%.

For investors not wanting singular stock exposure, 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).

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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