IntercontinentalExchange Inc. (ICE): Today's Featured Financial Services Laggard
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.
(
) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, IntercontinentalExchange fell $1.81 (-1.0%) to $177.18 on light volume. Throughout the day, 470,984 shares of IntercontinentalExchange exchanged hands as compared to its average daily volume of 732,900 shares. The stock ranged in price between $176.37-$178.69 after having opened the day at $178.26 as compared to the previous trading day's close of $178.99. Other companies within the Financial Services industry that declined today were:
Millennium India Acquisition Corporation
(
), down 11.8%,
(
), down 9.2%,
(
), down 5.9% and
Cash Store Financial Services
(
CSFS
), down 3.1%.
IntercontinentalExchange, Inc. operates regulated global markets and clearing houses primarily in the United States, the United Kingdom, Canada, and Brazil. IntercontinentalExchange has a market cap of $13.2 billion and is part of the financial sector. Shares are up 44.6% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate IntercontinentalExchange a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
IntercontinentalExchange
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full IntercontinentalExchange Ratings Report.
On the positive front,
(
), up 8.8%,
(
), up 6.0%,
(
), up 5.5% and
(
), up 4.1% , were all gainers within the financial services industry with
(
) being today's featured financial services industry leader.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, 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
(
).
- Find other investment ideas from our top rated ETFs lists.
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