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ICE, BLK And MS, 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 16,384 as of Monday, March 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 999 issues advancing vs. 1,928 declining with 160 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Eaton Vance Corporation ( EV), down 1.5%, Waddell & Reed Financial ( WDR), down 1.2%, NASDAQ OMX Group ( NDAQ), down 0.9%, Nomura Holdings ( NMR), down 0.9% and Legg Mason ( LM), down 0.8%. A company within the industry that increased today was Credit Acceptance Corporation ( CACC), up 1.6%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. IntercontinentalExchange Group ( ICE) is one of the companies pushing the Financial Services industry lower today. As of noon trading, IntercontinentalExchange Group is down $2.40 (-1.1%) to $210.24 on light volume. Thus far, 310,203 shares of IntercontinentalExchange Group exchanged hands as compared to its average daily volume of 967,000 shares. The stock has ranged in price between $209.57-$212.83 after having opened the day at $212.83 as compared to the previous trading day's close of $212.64.

IntercontinentalExchange Group, Inc. operates a network of regulated exchanges and clearing houses for financial and commodity markets in the United States, the United Kingdom, Continental Europe, and Canada. IntercontinentalExchange Group has a market cap of $24.7 billion and is part of the financial sector. Currently there are 11 analysts that rate IntercontinentalExchange Group a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates IntercontinentalExchange Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk. Get the full IntercontinentalExchange Group 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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