Blackstone Group LP (BX): Today's Featured Financial Services Laggard

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Blackstone Group ( BX) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Blackstone Group fell $0.43 (-1.9%) to $22.50 on average volume. Throughout the day, 6,003,891 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,177,400 shares. The stock ranged in price between $22.43-$22.99 after having opened the day at $22.95 as compared to the previous trading day's close of $22.93. Other companies within the Financial Services industry that declined today were: Xoom ( XOOM), down 7.6%, QIWI PLC ADR ( QIWI), down 5.8%, Paulson Capital ( PLCC), down 5.3% and NewStar Financial ( NEWS), down 4.5%.

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 $12.9 billion and is part of the financial sector. Shares are up 47.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth 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 positive front, Millennium India Acquisition Corporation ( SMCG), up 4.4%, Global X Silver Miners ETF ( SIL), up 3.8%, Atlanticus Holdings ( ATLC), up 3.5% and Cash America International ( CSH), up 2.9%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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