BlackRock Inc (BLK): Today's Featured Financial Services Winner

BlackRock ( BLK) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.7%. By the end of trading, BlackRock rose $6.36 (2.5%) to $263.38 on average volume. Throughout the day, 881,292 shares of BlackRock exchanged hands as compared to its average daily volume of 828,300 shares. The stock ranged in a price between $255.24-$263.77 after having opened the day at $259.40 as compared to the previous trading day's close of $257.02. Other companies within the Financial Services industry that increased today were: Manhattan Bridge Capital ( LOAN), up 7.7%, Dominion Resources Black Warrior ( DOM), up 5.8%, Noah Holdings ( NOAH), up 5.2% and PHH Corporation ( PHH), up 5.1%.

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 $43.4 billion and is part of the financial sector. Shares are up 24.3% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Millennium India Acquisition Corporation ( SMCG), down 5.1%, US Global Investors ( GROW), down 3.7%, KCG Holdings ( KCG), down 3.4% and Pacific Coast Oil ( ROYT), down 3.4% , were all laggards within the financial services industry with IntercontinentalExchange ( ICE) being today's financial services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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