Financial Stocks Investors are Dumping Now

These stocks are dragging down the Financial (NYSE:IYF) sector today. 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.

General Electric Company (NYSE:GE) stocks are trading at $15.12. This is 37 cents (-2%) below the previous close of $15.43, making the company one of the biggest price losers in the market today. General Electric Co. is an advanced technology, services and finance company that provides services ranging from aircraft engines to business and consumer financing.

Stock Price Performance: During May 11, 2011 to August 5, 2011, the stock price had fallen $3.42 (-17.2%) from $19.93 to $16.51. The stock price saw one of its best stretches over the last year between August 31, 2010 and September 13, 2010 when shares rose for nine-straight days, rising 12.2% (+$1.71) over that span. It saw one of its worst periods between November 5, 2010 and November 17, 2010 when shares fell for nine-straight days, falling 5.5% (-90 cents) over that span.

Goldman Sachs Group Inc. (NYSE:GS) is among the price losers in the market today as its stock price is $115.64, down $2.66 (-1.7%) from a previous close of $117.66. Goldman Sachs Group, Inc. is a global investment banking and securities firm that specializes in investment banking, trading and principal investments, asset management and securities services.

Stock Price Performance: During May 11, 2011 to August 5, 2011, the stock price had fallen $22.32 (-15.1%) from $147.50 to $125.18. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 22, 2011 when shares rose for five-straight days, rising 4.2% (+$6.40) over that span. It saw one of its worst periods between April 11, 2011 and April 19, 2011 when shares fell for seven-straight days, falling 6% (-$9.59) over that span.

Shares of Visa Inc. (NYSE:V) are trading at $78.06, down 65 cents (-1.5%) from a previous close of $79.24. Visa Inc. is a global payments technology company that connects consumers, businesses, banks and governments around the world.

Stock Price Performance: During July 11, 2011 to August 8, 2011, the stock price had dropped $8.66 (-9.9%) from $87.90 to $79.24. The stock price saw one of its best stretches over the last year between March 31, 2011 and April 11, 2011 when shares rose for eight-straight days, rising 5.6% (+$4.09) over that span. It saw one of its worst periods between May 17, 2011 and May 23, 2011 when shares fell for five-straight days, falling 4.4% (-$3.53) over that span.

BB&T Corporation (NYSE:BBT) is among the price losers in the market today. Its shares are trading at $21.13, which is 24 cents (-1.1%) below the previous close of $21.37. BB&T Corporation is a financial holding company which, through its subsidiary Branch Banking and Trust Company, provides a range of banking services and loans to individuals and businesses.

Stock Price Performance: During May 12, 2011 to August 8, 2011, the stock price had fallen $5.67 (-21%) from $27.04 to $21.37. The stock price saw one of its best stretches over the last year between May 23, 2011 and May 31, 2011 when shares rose for six-straight days, rising 5.5% (+$1.43) over that span. It saw one of its worst periods between August 17, 2010 and August 25, 2010 when shares fell for seven-straight days, falling 6.7% (-$1.55) over that span.

Comerica Inc. (NYSE:CMA) is one of the market losers in price today. Its shares are trading at $25.98, down 42 cents (-1.1%) from a previous close of $26.26. Comerica Incorporated is a financial holding company that operates in business, retail and wealth management.

Stock Price Performance: During May 12, 2011 to August 8, 2011, the stock price had fallen $10.64 (-28.8%) from $36.90 to $26.26. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 8, 2010 when shares rose for eight-straight days, rising 8.7% (+$3.09) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 9.4% (-$3.19) over that span.

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