ALL, RF And BRK.B, Pushing 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 77 points (-0.5%) at 16,767 as of Thursday, June 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,294 issues advancing vs. 1,659 declining with 161 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Blackstone Group ( BX), down 2.0%, Aegon ( AEG), down 1.2%, UBS ( UBS), down 1.2%, Host Hotels & Resorts ( HST), down 1.0% and BB&T ( BBT), down 0.8%. Top gainers within the sector include Nomura Holdings ( NMR), up 2.8%, National Bank of Greece ( NBG), up 2.5%, HDFC Bank ( HDB), up 2.4%, Mitsubishi UFJ Financial Group ( MTU), up 1.9% and Banco Santander Chile ( BSAC), up 0.9%.

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

3. Allstate ( ALL) is one of the companies pushing the Financial sector lower today. As of noon trading, Allstate is down $0.33 (-0.6%) to $58.75 on light volume. Thus far, 800,263 shares of Allstate exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $58.58-$59.26 after having opened the day at $59.13 as compared to the previous trading day's close of $59.08.

The Allstate Corporation, through its subsidiaries, provides personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $25.7 billion and is part of the insurance industry. Shares are up 8.3% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Allstate a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Allstate as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Allstate 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, Regions Financial ( RF) is down $0.08 (-0.8%) to $10.65 on average volume. Thus far, 5.6 million shares of Regions Financial exchanged hands as compared to its average daily volume of 14.5 million shares. The stock has ranged in price between $10.62-$10.80 after having opened the day at $10.74 as compared to the previous trading day's close of $10.73.

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. Regions Financial has a market cap of $15.0 billion and is part of the banking industry. Shares are up 8.5% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Regions Financial a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Regions Financial as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Regions 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.

1. As of noon trading, Berkshire Hathaway ( BRK.B) is down $0.66 (-0.5%) to $127.56 on light volume. Thus far, 862,734 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $127.33-$128.59 after having opened the day at $128.46 as compared to the previous trading day's close of $128.22.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $151.6 billion and is part of the insurance industry. Shares are up 8.2% year-to-date as of the close of trading on Wednesday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, notable return on equity 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 Berkshire Hathaway 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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