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 64 points (0.4%) at 16,322 as of Tuesday, Jan. 14, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,125 issues advancing vs. 788 declining with 156 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.7%. On the negative front, top decliners within the sector include Shinhan Financial Group ( SHG), down 1.3%, Health Care REIT ( HCN), down 1.1%, Banco De Chile ( BCH), down 1.1%, Canadian Imperial Bank of Commerce ( CM), down 0.8% and Bank of Montreal ( BMO), down 0.8%. Top gainers within the sector include Lloyds Banking Group ( LYG), up 2.9%, Lazard ( LAZ), up 2.7%, ING Groep N.V ( ING), up 2.3%, Kimco Realty ( KIM), up 2.1% and Deutsche Bank ( DB), up 2.0%.

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

3. Nomura Holdings ( NMR) is one of the companies pushing the Financial sector lower today. As of noon trading, Nomura Holdings is down $0.04 (-0.5%) to $7.69 on average volume. Thus far, 204,054 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 518,500 shares. The stock has ranged in price between $7.65-$7.71 after having opened the day at $7.70 as compared to the previous trading day's close of $7.73.

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. The company operates through three divisions: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $28.9 billion and is part of the financial services industry. The company has a P/E ratio of 86.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Nomura Holdings a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Nomura Holdings as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Nomura Holdings 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, Sun Life Financial ( SLF) is down $0.33 (-0.9%) to $34.45 on light volume. Thus far, 90,541 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 446,500 shares. The stock has ranged in price between $34.24-$34.81 after having opened the day at $34.70 as compared to the previous trading day's close of $34.78.

Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $21.3 billion and is part of the insurance industry. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are down 1.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Sun Life Financial a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sun Life 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, Ocwen Financial Corporation ( OCN) is down $1.45 (-2.6%) to $53.75 on average volume. Thus far, 1.0 million shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $53.47-$55.87 after having opened the day at $55.29 as compared to the previous trading day's close of $55.20.

Ocwen Financial Corporation, through its subsidiaries, engages in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial Corporation has a market cap of $7.5 billion and is part of the banking industry. The company has a P/E ratio of 31.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Ocwen Financial Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ocwen Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Ocwen Financial Corporation 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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