Blackstone Group LP (BX): Today's Featured Financial Services 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 Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day down 0.3%. By the end of trading, Blackstone Group rose $0.37 (1.5%) to $25.35 on light volume. Throughout the day, 2,777,603 shares of Blackstone Group exchanged hands as compared to its average daily volume of 4,643,300 shares. The stock ranged in a price between $24.73-$25.38 after having opened the day at $24.86 as compared to the previous trading day's close of $24.98. Other companies within the Financial Services industry that increased today were: Investors Capital Holdings ( ICH), up 18.8%, Altisource Asset Management Corporation ( AAMC), up 13.1%, China Ceramics ( CCCL), up 5.5% and WisdomTree Global Real Return Fund ( RRF), up 3.7%.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $13.9 billion and is part of the financial sector. Shares are up 58.4% 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 1 rates 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 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, Cash Store Financial Services ( CSFS), down 5.2%, Greenhill ( GHL), down 4.8%, Blackhawk Network Holdings ( HAWK), down 4.4% and Investment Technology Group ( ITG), down 3.7% , were all laggards within the financial services industry with American Express ( AXP) 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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