5 Stocks Dragging 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,897 as of Wednesday, Dec. 18, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,411 declining with 169 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include E-House China Holdings ( EJ), down 4.8%, Icahn ( IEP), down 3.0%, KKR ( KKR), down 2.1%, American Capital Agency ( AGNC), down 1.8% and Annaly Capital Management ( NLY), down 1.0%. Top gainers within the sector include HDFC Bank ( HDB), up 4.5%, Woori Finance Holdings ( WF), up 3.7%, Mitsubishi UFJ Financial Group ( MTU), up 2.5%, Shinhan Financial Group ( SHG), up 2.4% and Weyerhaeuser ( WY), up 1.8%.

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

5. AmTrust Financial Services ( AFSI) is one of the companies pushing the Financial sector lower today. As of noon trading, AmTrust Financial Services is down $3.07 (-9.4%) to $29.64 on heavy volume. Thus far, 3.7 million shares of AmTrust Financial Services exchanged hands as compared to its average daily volume of 656,200 shares. The stock has ranged in price between $29.07-$33.13 after having opened the day at $32.70 as compared to the previous trading day's close of $32.71.

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. AmTrust Financial Services has a market cap of $2.6 billion and is part of the insurance industry. Currently there are 3 analysts that rate AmTrust Financial Services a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates AmTrust Financial Services 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, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full AmTrust 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.

4. As of noon trading, Hudson City Bancorp ( HCBK) is down $0.16 (-1.8%) to $9.00 on heavy volume. Thus far, 4.1 million shares of Hudson City Bancorp exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $8.98-$9.18 after having opened the day at $9.15 as compared to the previous trading day's close of $9.16.

Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Hudson City Bancorp has a market cap of $4.9 billion and is part of the banking industry. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 13.5% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Hudson City Bancorp a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Hudson City Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full Hudson City Bancorp 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, M&T Bank ( MTB) is down $1.64 (-1.4%) to $112.09 on heavy volume. Thus far, 664,629 shares of M&T Bank exchanged hands as compared to its average daily volume of 855,200 shares. The stock has ranged in price between $111.94-$114.16 after having opened the day at $114.03 as compared to the previous trading day's close of $113.73.

M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. M&T Bank has a market cap of $15.0 billion and is part of the banking industry. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 15.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate M&T Bank a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates M&T Bank 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, increase in stock price during the past year 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 M&T 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, Genworth Financial ( GNW) is down $0.20 (-1.3%) to $14.68 on light volume. Thus far, 1.5 million shares of Genworth Financial exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $14.67-$14.99 after having opened the day at $14.97 as compared to the previous trading day's close of $14.88.

Genworth Financial, Inc., a financial services company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally. The company's U.S. Genworth Financial has a market cap of $7.4 billion and is part of the insurance industry. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are up 100.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Genworth Financial a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Genworth Financial 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, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Genworth Financial 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, SunTrust Banks ( STI) is down $0.22 (-0.6%) to $35.04 on light volume. Thus far, 944,337 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $34.98-$35.50 after having opened the day at $35.24 as compared to the previous trading day's close of $35.26.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $19.0 billion and is part of the banking industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate SunTrust Banks a buy, 3 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, 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 SunTrust Banks 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

More from Markets

Three Big Factors That Rocked the Stock Market Tuesday

Three Big Factors That Rocked the Stock Market Tuesday

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug