3 Stocks Pushing The Financial Services Industry Higher
1. As of noon trading, Blackstone Group ( BX) is up $1.15 (6.6%) to $18.59 on heavy volume Thus far, 6.4 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $17.96-$18.95 after having opened the day at $18.05 as compared to the previous trading day's close of $17.44. The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $9.5 billion and is part of the financial sector. The company has a P/E ratio of 107.2, above the S&P 500 P/E ratio of 17.7. Shares are up 16.9% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Blackstone Group 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, compelling growth in net income, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Blackstone Group Ratings Report now. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE If you are interested in one of these 3 stocks, 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). A reminder about TheStreet Ratings group: 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.
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