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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,929 as of Tuesday, June 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 966 issues advancing vs. 1,989 declining with 165 unchanged.

The Financial sector currently sits down 0.3% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include National Bank of Greece ( NBG), down 4.4%, E*Trade Financial ( ETFC), down 2.5%, LPL Financial Holdings ( LPLA), down 2.2%, CoStar Group ( CSGP), down 2.2% and Signature Bank ( SBNY), down 2.0%. Top gainers within the sector include Bbva Banco FrancesS.A ( BFR), up 4.8%, Woori Finance Holdings ( WF), up 1.4% and Visa ( V), up 0.9%.

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

3. Ameriprise Financial ( AMP) is one of the companies pushing the Financial sector lower today. As of noon trading, Ameriprise Financial is down $0.68 (-0.6%) to $117.09 on light volume. Thus far, 285,632 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $116.54-$117.84 after having opened the day at $117.15 as compared to the previous trading day's close of $117.77.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $22.4 billion and is part of the financial services industry. Shares are up 2.4% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Ameriprise 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.

2. As of noon trading, Blackstone Group ( BX) is down $0.25 (-0.8%) to $33.25 on light volume. Thus far, 2.1 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $32.91-$33.43 after having opened the day at $33.40 as compared to the previous trading day's close of $33.50.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $19.6 billion and is part of the financial services industry. Shares are up 6.3% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Blackstone Group 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, Charles Schwab ( SCHW) is down $0.38 (-1.4%) to $26.07 on light volume. Thus far, 1.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $26.06-$26.43 after having opened the day at $26.40 as compared to the previous trading day's close of $26.45.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. Charles Schwab has a market cap of $33.8 billion and is part of the financial services industry. Shares are up 1.7% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Charles Schwab a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Charles Schwab 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, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Charles Schwab 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).

null

More from Markets

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Dow Tumbles as Trump Ratchets Up China Trade Fight

Dow Tumbles as Trump Ratchets Up China Trade Fight

Netflix Shares Hit All-Time High as Market Flounders

Netflix Shares Hit All-Time High as Market Flounders

Snap Shares Plunge After Cowen Cuts Price Target

Snap Shares Plunge After Cowen Cuts Price Target

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff