Credit Card Stocks are Weighing on the Financial Sector Mid-Day: MA, COF, CME, PBCT, FNFG

Through the early part of trading on Thursday, September 15, 2011, 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.

MasterCard Incorporated (NYSE:MA) is one of the sector losers in price. Its shares are trading at $333.57, down $3.95 (-1.1%) from the previous close of $337.23. Mastercard Incorporated is a multinational company, whose principal business is to process payments and to provide related services to financial institutions and other customers. Its main services are in support of the credit, debit, prepaid and related payment programs.

Stock Price Performance: From June 17, 2011, to September 13, 2011, the stock price had risen $62.90 (23.7%) from $265.96 to $328.86. The stock price saw one of its best stretches over the last year between October 12, 2010 and October 21, 2010 when shares rose for eight straight trading days, rising 9.5% (+$21.03). It saw one of its worst periods between February 15, 2011 and February 23, 2011 when shares fell for six straight trading days, falling 4.7% (-$11.97).

Capital One Financial Corporation (NYSE:COF) stocks are trading at $42.45. This is $1.10 (-2.5%) below the previous close of $43.52, making the company one of the biggest price losers in the sector today. Capital One Financial Corporation is a financial services company which markets a variety of financial products and services through its banking and non-banking subsidiaries.

Stock Price Performance: From June 20, 2011, to September 14, 2011, the stock price had fallen $6.01 (-12.1%) from $49.53 to $43.52. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven straight trading days, rising 12.1% (+$5.99). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 8.5% (-$4.63).

Shares of CME Group Inc. (NASDAQ:CME) are trading at $266.97, down $3 (-1%) from the previous close of $269.62. CME Group Inc provides risk management and investment services to customers, including professional traders, financial institutions, investors, corporations, manufacturers and governments.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $18.19 (-6.3%) from $287.81 to $269.62. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven straight trading days, rising 6.2% (+$17.26). It saw one of its worst periods between May 19, 2011 and May 27, 2011 when shares fell for seven straight trading days, falling 5.4% (-$16.10).

People’s United Financial, Inc. (NASDAQ:PBCT) stocks are trading at $12.24. This is 22 cents (-1.5%) below the previous close of $12.43, making the company one of the biggest price losers in the sector today. People’s United Financial Inc. is a savings and loan holding company for People’s United Bank, a diversified financial services firm. The company provides consumer and commercial banking, as well as wealth management services to individuals and corporate customers.

Stock Price Performance: From August 16, 2011, to September 14, 2011, the stock price had risen $1.06 (9.3%) from $11.37 to $12.43. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight straight trading days, rising 7.1% (+90 cents). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 7.8% (-$1.05).

First Niagara Financial Group Inc. (NASDAQ:FNFG) is among the price losers in the sector. Its shares are trading at $10.55, which is 11 cents (-1%) below the previous close of $10.66. First Niagara Financial Group, Inc. provides retail and commercial banking as well as other financial services through its wholly-owned, federally chartered savings bank subsidiary, First Niagara Bank.

Stock Price Performance: From June 20, 2011, to September 14, 2011, the stock price had fallen $2.79 (-20.7%) from $13.45 to $10.66. The stock price saw one of its best stretches over the last year between December 6, 2010 and December 28, 2010 when shares rose for 16 straight trading days, rising 10.3% (+$1.29). It saw one of its worst periods between March 21, 2011 and March 31, 2011 when shares fell for nine straight trading days, falling 4.1% (-56 cents).

 

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