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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 77 points (0.5%) at 17,053 as of Thursday, July 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,714 issues advancing vs. 1,323 declining with 126 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include Annaly Capital Management ( NLY), down 1.4%, HCP ( HCP), down 1.2%, Health Care REIT ( HCN), down 0.8% and Orix ( IX), down 0.7%. Top gainers within the sector include TD Ameritrade ( AMTD), up 2.9%, Aegon ( AEG), up 2.9%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 2.7%, Charles Schwab ( SCHW), up 2.7% and Deutsche Bank ( DB), up 2.4%.

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 $0.38 (-0.9%) to $43.80 on average volume. Thus far, 276,701 shares of Brookfield Asset Management exchanged hands as compared to its average daily volume of 621,600 shares. The stock has ranged in price between $43.72-$44.35 after having opened the day at $44.32 as compared to the previous trading day's close of $44.18.

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 $27.3 billion and is part of the real estate industry. Shares are up 13.8% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Brookfield Asset Management a buy, no analysts rate it a sell, and 1 rates 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 good cash flow from operations. 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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