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IntercontinentalExchange Inc. (ICE): Today's Featured Financial Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

IntercontinentalExchange (ICE) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.4%. By the end of trading, IntercontinentalExchange fell $1.73 (-1.3%) to $133.41 on heavy volume. Throughout the day, 718,270 shares of IntercontinentalExchange exchanged hands as compared to its average daily volume of 457,700 shares. The stock ranged in price between $133.18-$136.23 after having opened the day at $134.98 as compared to the previous trading day's close of $135.14. Other companies within the Financial Services industry that declined today were: Millennium India Acquisition Corporation (SMCG), down 17.1%, Paulson Capital (PLCC), down 7.7%, SGOCO Group (SGOC), down 5.8%, and SP Bancorp (SPBC), down 4.2%.

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IntercontinentalExchange, Inc. operates regulated exchanges, clearing houses, and over-the-counter (OTC) markets for agricultural, credit, currency, emissions, energy, and equity index contracts. IntercontinentalExchange has a market cap of $9.8 billion and is part of the financial sector. The company has a P/E ratio of 17.5, below the average financial services industry P/E ratio of 18 and below the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate IntercontinentalExchange a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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).

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