3 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 49 points (0.3%) at 16,411 as of Monday, April 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,415 issues advancing vs. 1,576 declining with 152 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include CNA Financial ( CNA), down 4.5%, Royal Bank of Scotland Group (The ( RBS), down 2.6%, Franklin Resources ( BEN), down 2.1%, Blackstone Group ( BX), down 1.7% and SunTrust Banks ( STI), down 1.5%. Top gainers within the sector include Northstar Realty Finance ( NRF), up 8.9%, HCP ( HCP), up 1.6%, Chubb ( CB), up 1.2% and Visa ( V), up 0.9%.

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

3. MetLife ( MET) is one of the companies pushing the Financial sector lower today. As of noon trading, MetLife is down $0.37 (-0.7%) to $50.72 on average volume. Thus far, 3.1 million shares of MetLife exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $50.28-$51.52 after having opened the day at $51.46 as compared to the previous trading day's close of $51.09.

MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, Asia, Europe, and the Middle East. MetLife has a market cap of $58.5 billion and is part of the insurance industry. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate MetLife a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full MetLife 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, American Express ( AXP) is down $0.60 (-0.7%) to $86.43 on average volume. Thus far, 1.8 million shares of American Express exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $86.29-$87.58 after having opened the day at $87.44 as compared to the previous trading day's close of $87.03.

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 $92.6 billion and is part of the financial services industry. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 4.1% 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 revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and solid stock price performance. 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.

1. As of noon trading, Wells Fargo ( WFC) is down $0.25 (-0.5%) to $48.80 on average volume. Thus far, 7.9 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 17.4 million shares. The stock has ranged in price between $48.71-$49.33 after having opened the day at $49.27 as compared to the previous trading day's close of $49.05.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $259.0 billion and is part of the banking industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 8.0% 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, increase in net income, expanding profit margins 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.

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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