State Street and 4 Stocks in the Financial Sector Investors are Tossing Away: STT, MMC, RE, RNR, AXS

Through most of the trading day on Thursday, October 6, 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.

State Street Corporation (NYSE:STT) is among the price losers in the sector. Its shares are trading at $32.38, which is 0 cents (-0.3%) below the previous close of $32.47. State Street provides a range of investment management strategies, investment management advisory services and other financial services.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $11.75 (-26.6%) from $44.22 to $32.47. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 5, 2010 when shares rose for seven straight trading days, rising 10.6% (+$4.30). It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 10.2% (-$3.50).

Marsh & Mclennan Companies Inc. (NYSE:MMC) stocks are trading at $26.89. This is 12 cents (-0.5%) below the previous close of $27.04, making the company one of the biggest price losers in the sector today. Marsh & McLennan is a global professional services firm providing advice and solutions in the areas of risk, strategy, and human capital.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $3.28 (-10.7%) from $30.54 to $27.26. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 7.6% (-$2.18). The stock price saw one of its best stretches over the last year between February 10, 2011 and February 18, 2011 when shares rose for seven straight trading days, rising 8% (+$2.26).

Shares of Everest Re Group Ltd. (NYSE:RE) are trading at $79.50, down 21 cents (-0.3%) from the previous close of $79.71. Everest Re Group through its subsidiaries mainly provides reinsurance and insurance in the U.S., Bermuda and international markets.

Stock Price Performance: From August 8, 2011, to October 4, 2011, the stock price had risen $6.71 (9.2%) from $73.05 to $79.76. 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 3.1% (+$2.74). It saw one of its worst periods between June 2, 2011 and June 10, 2011 when shares fell for seven straight trading days, falling 6.3% (-$5.57).

RenaissanceRe Holdings Ltd. (NYSE:RNR) is one of the sector losers in price. Its shares are trading at $63.24, down 12 cents (-0.3%) from the previous close of $63.44. Renaissance Re Holdings is the provider of reinsurance and insurance coverages and related services. Its business consists of two segments: Reinsurance and Individual Risk.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $6.18 (-8.9%) from $69.44 to $63.26. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 13, 2010 when shares rose for 10 straight trading days, rising 5.9% (+$3.53). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 16.1% (-$11.53).

Axis Capital Holdings Limited (NYSE:AXS) is among the price losers in the sector as its stock price is $26.41, down 3 cents (-0.2%) from the previous close of $26.46. Axis Capital Holdings, through its subsidiaries, provides a range of insurance and reinsurance products to insureds and reinsureds worldwide operations with main locations in Bermuda, the United States, and Europe.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $3.99 (-13.1%) from $30.45 to $26.46. The stock price saw one of its best stretches over the last year between July 18, 2011 and July 26, 2011 when shares rose for seven straight trading days, rising 4.4% (+$1.36). It saw one of its worst periods between April 28, 2011 and May 11, 2011 when shares fell for 10 straight trading days, falling 6.2% (-$2.19).