2 Financial Stocks Falling Despite a Huge Rally

An executive suite shakeup at Bank of America has the media and Wall Street speculating about CEO Brian Moynihan’s future. Despite the huge rally in financials, these stocks are bringing down the Financial (NYSE:XLF) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is one of the sector losers in price. Its shares are trading at $7.88, down 32 cents (-3.8%) from the previous close of $8.19. Banco Bilbao Vizcaya Argentaria, S.A. is an international financial group, with strengths in the traditional banking businesses of retail banking, asset management, private banking and wholesale banking.

Stock Price Performance: From June 10, 2011, to September 6, 2011, the stock price had fallen $2.50 (-23.4%) from $10.69 to $8.19. The stock price saw one of its best stretches over the last year between January 10, 2011 and January 24, 2011 when shares rose for 10 straight trading days, rising 36.8% (+$3.23). It saw one of its worst periods between December 31, 2010 and January 10, 2011 when shares fell for seven straight trading days, falling 10.2% (-$1).

Annaly Capital Management, Inc. (NYSE:NLY) stocks are trading at $17.41. This is 10 cents (-0.6%) below the previous close of $17.51, making the company one of the biggest price losers in the sector today. Annaly Capital Management, Inc. is a real estate investment trust, which is engaged in the business of investing, on a leveraged basis, in mortgage pass-through certificates, collateralized mortgage obligations and other mortgage-backed securities.

Stock Price Performance: From August 8, 2011, to September 6, 2011, the stock price had risen $1.17 (7.2%) from $16.34 to $17.51. It saw one of its worst periods between May 9, 2011 and May 13, 2011 when shares fell for five straight trading days, falling 2.2% (-39 cents). The stock price saw one of its best stretches over the last year between April 19, 2011 and May 9, 2011 when shares rose for 14 straight trading days, rising 4.1% (+69 cents).

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