Financial Stocks Moving to the Downside This Morning

Through the early part of trading on Thursday, September 8, 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.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) stocks are trading at $8.04. This is 23 cents (-2.6%) below the previous close of $8.26, making the company one of the biggest price losers in the sector today. 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).

Shares of MetLife, Inc. (NYSE:MET) are trading at $30.75, down 66 cents (-2.1%) from the previous close of $31.40. MetLife, Inc. provides individual insurance, employee benefits and financial services throughout the United States and the regions of Latin America, Europe, and Asia Pacific.

Stock Price Performance: From July 12, 2011, to September 7, 2011, the stock price had fallen $10.10 (-24.3%) from $41.50 to $31.40. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six straight trading days, rising 8.3% (+$3.39). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 20.6% (-$8.47).

Suntrust Banks Inc. (NYSE:STI) is one of the sector losers in price. Its shares are trading at $19.25, down 40 cents (-2.1%) from the previous close of $19.66. SunTrust Banks, Inc. is a financial services holding company whose businesses provide a range of financial services to consumer and corporate clients.

Stock Price Performance: From June 13, 2011, to September 7, 2011, the stock price had fallen $5.80 (-22.8%) from $25.46 to $19.66. The stock price saw one of its best stretches over the last year between April 26, 2011 and May 3, 2011 when shares rose for six straight trading days, rising 3.9% (+$1.08). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 11% (-$2.84).

Comerica Inc. (NYSE:CMA) is among the price losers in the sector as its stock price is $22.89, down 63 cents (-2.7%) from the previous close of $23.54. Comerica Incorporated is a financial holding company that operates in business, retail and wealth management.

Stock Price Performance: From June 13, 2011, to September 7, 2011, the stock price had fallen $10.09 (-30%) from $33.63 to $23.54. 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 trading days, rising 8.7% (+$3.09). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 9.4% (-$3.19).

Assured Guaranty Ltd. (NYSE:AGO) is among the price losers in the sector. Its shares are trading at $12.57, which is 38 cents (-3%) below the previous close of $12.96. Assured Guaranty, Ltd. is a holding company, which through its operating subsidiaries provides credit enhancement products to the public finance, structured finance and mortgage markets.

Stock Price Performance: From August 9, 2011, to September 7, 2011, the stock price had risen $2.51 (24%) from $10.45 to $12.96. The stock price saw one of its best stretches over the last year between October 6, 2010 and October 14, 2010 when shares rose for seven straight trading days, rising 24.3% (+$4.23). It saw one of its worst periods between January 14, 2011 and January 28, 2011 when shares fell for 10 straight trading days, falling 27.3% (-$5.28).

 

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