3 Stocks Boosting The Financial Services Industry Higher
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 71 points (0.4%) at 17,316 as of Monday, Nov. 16, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,543 issues advancing vs. 1,341 declining with 209 unchanged.
The Financial Services industry currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 4.6%,
(
), up 3.8% and
(
), up 1.0%. On the negative front, top decliners within the industry include
(
), down 1.2%,
(
), down 0.9% and
(
), down 0.7%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Blackstone Group is up $0.34 (1.1%) to $30.95 on light volume. Thus far, 1.3 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $30.39-$31.05 after having opened the day at $30.53 as compared to the previous trading day's close of $30.61.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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 $19.2 billion and is part of the financial sector. Shares are down 9.5% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Blackstone Group
as a
. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Blackstone Group Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
2. As of noon trading,
(
) is up $2.47 (0.7%) to $345.72 on light volume. Thus far, 158,561 shares of BlackRock exchanged hands as compared to its average daily volume of 848,000 shares. The stock has ranged in price between $342.58-$346.24 after having opened the day at $343.26 as compared to the previous trading day's close of $343.25.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $56.7 billion and is part of the financial sector. Shares are down 4.0% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate BlackRock a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
BlackRock
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.64 (0.7%) to $97.50 on light volume. Thus far, 1.3 million shares of MasterCard exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $96.50-$97.52 after having opened the day at $96.59 as compared to the previous trading day's close of $96.86.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. MasterCard has a market cap of $108.1 billion and is part of the financial sector. Shares are up 12.4% year-to-date as of the close of trading on Friday. Currently there are 19 analysts who rate MasterCard a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
MasterCard
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings 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
(
) while those bearish on the financial services industry could consider
(
).