3 Stocks Pushing 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include TD Ameritrade ( AMTD), down 2.1%, MasterCard ( MA), down 1.8%, Charles Schwab ( SCHW), down 1.6%, National Bank of Greece ( NBG), down 1.6% and KB Financial Group ( KB), down 1.2%. Top gainers within the sector include Xoom ( XOOM), up 20.2%, Popular ( BPOP), up 5.7%, Equifax ( EFX), up 2.2%, Mitsubishi UFJ Financial Group ( MTU), up 1.6% and Travelers Companies ( TRV), up 1.4%.

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

3. Brookfield Asset Management ( BAM) is one of the companies pushing the Financial sector lower today. As of noon trading, Brookfield Asset Management is down $0.26 (-0.6%) to $41.56 on light volume. Thus far, 176,556 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 683,600 shares. The stock has ranged in price between $41.52-$41.89 after having opened the day at $41.82 as compared to the previous trading day's close of $41.82.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Brookfield Asset Management has a market cap of $26.3 billion and is part of the real estate industry. Shares are up 7.7% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Brookfield Asset Management a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and notable return on equity. 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 Brookfield Asset Management Ratings Report now.

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