Goldman Sachs is Leading Financial Stocks Lower This Morning

Through the early part of trading on Thursday, September 1, 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.

Goldman Sachs Group Inc. (NYSE:GS) stocks are trading at $114.01. This is $2.40 (-1.9%) below the previous close of $116.22, making the company one of the biggest price losers in the sector today. “Its Litton Loan Servicing business and Ocwen Financial Corp. (NYSE:OCN) —promised to end so-called robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law. They also agreed to comb through loan files for evidence they mishandled borrowers’ paperwork and to cut mortgage payments for some New York homeowners,” according to Wall Street Journal. 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: From July 5, 2011, to August 30, 2011, the stock price had fallen $18.91 (-14.1%) from $134.09 to $115.18. The stock price saw one of its best stretches over the last year between December 29, 2010 and January 5, 2011 when shares rose for six straight trading days, rising 3.8% (+$6.32). It saw one of its worst periods between April 11, 2011 and April 19, 2011 when shares fell for seven straight trading days, falling 6% (-$9.56).

Annaly Capital Management, Inc. (NYSE:NLY) is among the price losers in the sector as its stock price is $17.59, down 60 cents (-3%) from the previous close of $18.13. 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 25, 2011, to August 31, 2011, the stock price had risen 84 cents (4.9%) from $17.29 to $18.13. 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).

SLM Corporation (NYSE:SLM) is among the price losers in the sector. Its shares are trading at $13.52, which is 23 cents (-1.5%) below the previous close of $13.73. SLM Corporation originates, services and collects student loans. It provides funding, delivery and servicing support for education loans in the US.

Stock Price Performance: From July 6, 2011, to August 31, 2011, the stock price had fallen $2.96 (-17.7%) from $16.69 to $13.73. It saw one of its worst periods between July 21, 2011 and July 28, 2011 when shares fell for six straight trading days, falling 7.7% (-$1.28). The stock price saw one of its best stretches over the last year between October 19, 2010 and October 28, 2010 when shares rose for eight straight trading days, rising 8.2% (+89 cents).

Lazard Ltd. (NYSE:LAZ) is among the price losers in the sector as its stock price is $28.58, down 71 cents (-2%) from the previous close of $29.17. Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. The companys Financial Advisory segment offers a range of services regarding mergers and acquisitions and strategic advisory matters etc.

Stock Price Performance: From July 6, 2011, to August 31, 2011, the stock price had fallen $7.10 (-19.6%) from $36.27 to $29.17. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 13.6% (-$4.94). The stock price saw one of its best stretches over the last year between March 16, 2011 and March 23, 2011 when shares rose for six straight trading days, rising 7.5% (+$2.92).

Jefferies Group Inc. (NYSE:JEF) is one of the sector losers in price. Its shares are trading at $15.99, down 48 cents (-2.6%) from the previous close of $16.41. Jefferies Group, Inc. and its subsidiaries operate as independent, full-service global securities and investment banking firm serving companies and their investors.

Stock Price Performance: From June 7, 2011, to August 31, 2011, the stock price had fallen $4.70 (-22.3%) from $21.11 to $16.41. The stock price saw one of its best stretches over the last year between April 19, 2011 and April 28, 2011 when shares rose for seven straight trading days, rising 5.7% (+$1.31). It saw one of its worst periods between May 19, 2011 and May 26, 2011 when shares fell for six straight trading days, falling 6.8% (-$1.57).

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