NASDAQ OMX Group Inc. (NDAQ): 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 0.1%. By the end of trading, NASDAQ OMX Group fell $0.55 (-1.7%) to $32.46 on average volume. Throughout the day, 1,898,574 shares of NASDAQ OMX Group exchanged hands as compared to its average daily volume of 1,291,400 shares. The stock ranged in price between $31.87-$32.52 after having opened the day at $32.07 as compared to the previous trading day's close of $33.01. Other companies within the Financial Services industry that declined today were:
(
), down 6.7%,
(
), down 3.5%,
(
), down 3.2% and
(
), down 3.1%.
The NASDAQ OMX Group, Inc. delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services worldwide. NASDAQ OMX Group has a market cap of $5.5 billion and is part of the financial sector. Shares are up 31.7% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate NASDAQ OMX Group a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
NASDAQ OMX Group
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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full NASDAQ OMX Group Ratings Report.
On the positive front,
(
), up 6.3%,
Cash Store Financial Services
(
CSFS
), up 5.3%,
(
), up 4.5% and
(
), up 3.9% , 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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