Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.2%. By the end of trading, Blackstone Group rose $0.32 (1.6%) to $20.60 on average volume. Throughout the day, 6,258,033 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,263,800 shares. The stock ranged in a price between $20.17-$20.78 after having opened the day at $20.40 as compared to the previous trading day's close of $20.28. Other companies within the Financial Services industry that increased today were:
Cash Store Financial Services
), up 8.6%,
), up 4.3%,
), up 4.0% and
), up 3.8%.
- EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $11.3 billion and is part of the financial sector. The company has a P/E ratio of 49.4, above the S&P 500 P/E ratio of 17.7. Shares are up 32.0% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Blackstone Group as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Blackstone Group Ratings Report.
On the negative front,
), down 7.3%,
), down 6.2%,
), down 4.5% and
), down 4.0% , were all laggards within the financial services industry with
) being today's financial services industry laggard.
- 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.
Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.