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

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.

Blackstone Group ( BX) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole was unchanged today. By the end of trading, Blackstone Group rose $0.25 (1.2%) to $21.65 on light volume. Throughout the day, 2,283,140 shares of Blackstone Group exchanged hands as compared to its average daily volume of 4,970,500 shares. The stock ranged in a price between $21.30-$21.81 after having opened the day at $21.35 as compared to the previous trading day's close of $21.40. Other companies within the Financial sector that increased today were: Credit Suisse ( UOIL), up 14.3%, Paulson Capital ( PLCC), up 11.8%, Guaranty Federal ( GFED), up 7.5% and Institutional Financial Markets ( IFMI), up 6.6%.

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 $12.2 billion and is part of the financial services industry. Shares are up 37.3% 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 good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Village Bank and Trust Financial Corporatio ( VBFC), down 7.4%, Ameriana Bancorp ( ASBI), down 7.0%, QIWI PLC ADR ( QIWI), down 6.9% and Valley Financial ( VYFC), down 6.3% , were all laggards within the financial sector with AvalonBay Communities ( AVB) being today's financial sector laggard.

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

null

More from Markets

Stocks Tumble as Dow Heads for Eighth Straight Drop

Stocks Tumble as Dow Heads for Eighth Straight Drop

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Mesoblast Soars on Stem-Cell Treatment Data

Mesoblast Soars on Stem-Cell Treatment Data

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone

Bank of England Holds Rates Steady, But Vote Shift Signals Hawkish Tone