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MKTX, KKR, CME And BX, Pushing Financial Services Industry Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Total System Services (TSS), down 1.9%, Orix Corporation (IX), down 1.2%, Nomura Holdings (NMR), down 1.0%, MasterCard Incorporated (MA), down 0.8% and Western Union Company (WU), down 0.7%. Top gainers within the industry include Janus Capital Group (JNS), up 2.7%, WisdomTree Investments (WETF), up 2.2%, Apollo Global Management (APO), up 2.1% and Morgan Stanley (MS), up 0.7%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. MarketAxess Holdings (MKTX) is one of the companies pushing the Financial Services industry lower today. As of noon trading, MarketAxess Holdings is down $3.67 (-5.4%) to $64.04 on heavy volume. Thus far, 195,652 shares of MarketAxess Holdings exchanged hands as compared to its average daily volume of 168,300 shares. The stock has ranged in price between $63.86-$67.00 after having opened the day at $67.00 as compared to the previous trading day's close of $67.71.

MarketAxess Holdings Inc., through its subsidiaries, operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. MarketAxess Holdings has a market cap of $2.6 billion and is part of the financial sector. The company has a P/E ratio of 36.1, above the S&P 500 P/E ratio of 17.7. Shares are up 96.2% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate MarketAxess Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates MarketAxess Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full MarketAxess Holdings Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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