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.

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, Wells Fargo ( WFC) is down $0.67 (-1.4%) to $48.89 on average volume. Thus far, 7.8 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 17.2 million shares. The stock has ranged in price between $48.78-$49.67 after having opened the day at $49.58 as compared to the previous trading day's close of $49.56.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $261.7 billion and is part of the banking industry. Shares are up 9.2% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, good cash flow from operations and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Wells Fargo 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, Citigroup ( C) is down $0.63 (-1.3%) to $46.48 on average volume. Thus far, 14.9 million shares of Citigroup exchanged hands as compared to its average daily volume of 30.3 million shares. The stock has ranged in price between $46.33-$47.17 after having opened the day at $47.12 as compared to the previous trading day's close of $47.11.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. Citigroup has a market cap of $144.9 billion and is part of the banking industry. Shares are down 9.6% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Citigroup 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, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Citigroup 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 3 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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