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, IntercontinentalExchange Group fell $3.04 (-1.4%) to $213.28 on heavy volume. Throughout the day, 1,225,549 shares of IntercontinentalExchange Group exchanged hands as compared to its average daily volume of 716,500 shares. The stock ranged in price between $213.28-$216.62 after having opened the day at $216.00 as compared to the previous trading day's close of $216.32. Other companies within the Financial Services industry that declined today were:
), down 7.6%,
), down 7.4%,
Fifth Street Finance Corporation
), down 5.0% and
), down 4.2%.
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Intercontinentalexchange Group, Inc. operates as a holding company which through its subsidiaries operates stock exchanges and commodity markets. It operates New York Stock Exchange. The company was incorporated in 2013 and is based in Atlanta, Georgia. Intercontinentalexchange Group, Inc. IntercontinentalExchange Group has a market cap of $15.8 billion and is part of the financial sector. The company has a P/E ratio of 26.0, above the S&P 500 P/E ratio of 17.7. Shares are up 59.8% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate IntercontinentalExchange Group a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. 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 IntercontinentalExchange Group Ratings Report.
On the positive front,
), up 8.7%,
), up 8.1%,
), up 7.7% and
), up 4.7% , 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.
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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
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