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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 12 points (-0.1%) at 16,797 as of Wednesday, June 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,611 declining with 185 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Zillow ( Z), down 2.7%, Woori Finance Holdings ( WF), down 1.6%, Digital Realty ( DLR), down 1.6%, Lloyds Banking Group ( LYG), down 1.3% and American Tower ( AMT), down 1.2%. Top gainers within the sector include Aegon ( AEG), up 2.4%, Taubman Centers ( TCO), up 2.0%, Nomura Holdings ( NMR), up 1.6%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 1.2% and National Bank of Greece ( NBG), up 1.2%.

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

3. Invesco ( IVZ) is one of the companies pushing the Financial sector lower today. As of noon trading, Invesco is down $0.40 (-1.1%) to $36.95 on average volume. Thus far, 1.3 million shares of Invesco exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $36.92-$37.51 after having opened the day at $37.42 as compared to the previous trading day's close of $37.35.

Invesco Ltd. is a publicly owned investment manager. It primarily provides its services to institutional clients including major public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, and financial institutions. Invesco has a market cap of $16.0 billion and is part of the financial services industry. Shares are up 2.6% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Invesco a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Invesco 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, TD Ameritrade ( AMTD) is down $0.19 (-0.6%) to $31.39 on average volume. Thus far, 1.5 million shares of TD Ameritrade exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $30.95-$31.51 after having opened the day at $31.51 as compared to the previous trading day's close of $31.58.

TD Ameritrade Holding Corporation provides securities brokerage services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. TD Ameritrade has a market cap of $16.6 billion and is part of the financial services industry. Shares are up 3.1% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate TD Ameritrade a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates TD Ameritrade as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full TD Ameritrade 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, Allstate ( ALL) is down $0.30 (-0.5%) to $58.92 on average volume. Thus far, 1.5 million shares of Allstate exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $58.89-$59.46 after having opened the day at $59.10 as compared to the previous trading day's close of $59.21.

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 $25.5 billion and is part of the insurance industry. Shares are up 8.6% year-to-date as of the close of trading on Tuesday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. 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.

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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