3 Stocks Dragging In The Financial Sector

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 117 points (-0.7%) at 16,295 as of Monday, April 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 843 issues advancing vs. 2,136 declining with 146 unchanged.

The Financial sector currently sits down 0.5% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the sector include Genworth Financial ( GNW), down 4.9%, Blackstone Group ( BX), down 3.9%, Lincoln National Corp (Radnor ( LNC), down 3.4%, CME Group ( CME), down 3.2% and Ameriprise Financial ( AMP), down 3.0%.

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

3. American Express ( AXP) is one of the companies pushing the Financial sector lower today. As of noon trading, American Express is down $1.78 (-2.0%) to $87.39 on average volume. Thus far, 1.9 million shares of American Express exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $87.15-$89.43 after having opened the day at $89.03 as compared to the previous trading day's close of $89.17.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. American Express has a market cap of $96.4 billion and is part of the financial services industry. Shares are down 1.7% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that rate American Express a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full American Express Ratings Report now.

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