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Blackstone Group LP (BX): Today's Featured Financial Services Winner

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.

Blackstone Group (BX) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole was unchanged today. By the end of trading, Blackstone Group rose $0.57 (1.9%) to $29.81 on average volume. Throughout the day, 6,693,670 shares of Blackstone Group exchanged hands as compared to its average daily volume of 4,917,900 shares. The stock ranged in a price between $28.90-$29.92 after having opened the day at $29.25 as compared to the previous trading day's close of $29.24. Other companies within the Financial Services industry that increased today were: PowerShares DB Agriculture Long ETN (AGF), up 7.0%, BLDRS Asia 50 ADR Index (ADRA), up 6.7%, PowerShares DB Base Metals Double Short ETN (BOM), up 6.5% and ProShares UltraShort Health Care (RXD), up 5.5%.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $16.4 billion and is part of the financial sector. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7. Shares are up 87.6% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations, expanding profit margins 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.

On the negative front, Sorrento Therapeutics (SRNE), down 8.3%, INTL FCStone (INTL), down 7.9%, PowerShares DB 3x Long 25+ Year Treasury Bo (LBND), down 6.7% and iShares MSCI Turkey ETF (TUR), down 5.0% , were all laggards within the financial services industry with Charles Schwab (SCHW) being today's financial services industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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