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TheStreet Wire

NASDAQ OMX Group Inc. (NDAQ): Today's Featured Financial Services Winner

By TheStreet Wire 08/01/12 - 05:00 PM EDT

Find out if (NDAQ) is in Cramer's Portfolio.

NASDAQ OMX Group (NDAQ) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day down 0.3%. By the end of trading, NASDAQ OMX Group rose 23 cents (1%) to $22.93 on light volume. Throughout the day, 1.3 million shares of NASDAQ OMX Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in a price between $22.62-$23.13 after having opened the day at $22.85 as compared to the previous trading day's close of $22.70. Other companies within the Financial Services industry that increased today were: Penson Worldwide (PNSN), up 7.6%, Marine Petroleum (MARPS), up 6.5%, Credit Suisse (DSLV), up 5.5%, and CapitalSource (CSE), up 3.8%.

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The NASDAQ OMX Group, Inc. delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services worldwide. NASDAQ OMX Group has a market cap of $3.94 billion and is part of the financial sector. The company has a P/E ratio of 11.2, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate NASDAQ OMX Group a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates NASDAQ OMX Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full NASDAQ OMX Group Ratings Report.

On the negative front, Knight Capital Group (KCG), down 23.2%, Direct Markets Holdings (MKTS), down 15.8%, San Juan Basin Royalty (SJT), down 5.5%, and Chanticleer Holdings (HOTR), down 4.8%, were all laggards within the financial services industry with Franklin Resources (BEN) being today's financial services industry laggard.

Use our financial services section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR (XLF) while those bearish on the financial services industry could consider Proshares Short Financials (SEF).

Find other investment ideas from our top rated ETFs lists.

For more information on NASDAQ OMX Group Inc. click any of the following:

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