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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include Credicorp ( BAP), down 2.0%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), down 1.7%, TD Ameritrade ( AMTD), down 1.6%, Plum Creek Timber ( PCL), down 1.4% and HDFC Bank ( HDB), down 1.4%. Top gainers within the sector include Bbva Banco FrancesS.A ( BFR), up 6.0%, Zillow ( Z), up 2.9%, Woori Finance Holdings ( WF), up 2.1%, Deutsche Bank ( DB), up 1.9% and KB Financial Group ( KB), up 1.7%.

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

3. Nomura Holdings ( NMR) is one of the companies pushing the Financial sector lower today. As of noon trading, Nomura Holdings is down $0.10 (-1.4%) to $6.85 on light volume. Thus far, 97,747 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 701,600 shares. The stock has ranged in price between $6.83-$6.87 after having opened the day at $6.85 as compared to the previous trading day's close of $6.95.

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. The company operates through three divisions: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $26.5 billion and is part of the financial services industry. Shares are down 10.6% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nomura Holdings a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Nomura Holdings as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Nomura Holdings 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, Apollo Global Management ( APO) is down $0.96 (-3.6%) to $25.80 on heavy volume. Thus far, 1.1 million shares of Apollo Global Management exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $25.80-$26.48 after having opened the day at $26.47 as compared to the previous trading day's close of $26.76.

Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. Apollo Global Management has a market cap of $4.1 billion and is part of the financial services industry. Shares are down 15.3% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Apollo Global Management as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and feeble growth in its earnings per share. Get the full Apollo Global Management 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, Waddell & Reed Financial ( WDR) is down $1.92 (-3.1%) to $60.70 on heavy volume. Thus far, 676,067 shares of Waddell & Reed Financial exchanged hands as compared to its average daily volume of 884,100 shares. The stock has ranged in price between $60.70-$63.55 after having opened the day at $63.10 as compared to the previous trading day's close of $62.61.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. Waddell & Reed Financial has a market cap of $5.4 billion and is part of the financial services industry. Shares are down 3.3% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Waddell & Reed Financial a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Waddell & Reed Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. 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 Waddell & Reed 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.

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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