CME Group Inc. (CME): 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.

CME Group ( CME) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 1.1%. By the end of trading, CME Group rose $1.07 (1.4%) to $75.00 on average volume. Throughout the day, 1,836,350 shares of CME Group exchanged hands as compared to its average daily volume of 1,883,900 shares. The stock ranged in a price between $73.83-$75.42 after having opened the day at $74.25 as compared to the previous trading day's close of $73.93. Other companies within the Financial Services industry that increased today were: Millennium India Acquisition Corporation ( SMCG), up 80.4%, Altisource Asset Management Corporation ( AAMC), up 9.8%, Paulson Capital ( PLCC), up 5.8% and ICG Group ( ICGE), up 4.9%.

CME Group Inc. operates the CME, CBOT, NYMEX COMEX, and KCBT futures exchanges worldwide. It operates CBOT exchange, a marketplace for trading agricultural and the U.S. CME Group has a market cap of $24.4 billion and is part of the financial sector. Shares are up 44.1% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate CME Group a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates CME Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, solid stock price performance and reasonable valuation levels. 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, CIFC ( CIFC), down 3.2%, Blackhawk Network Holdings ( HAWK), down 2.9%, Federal Agricultural Mortgage ( AGM.A), down 2.9% and Palmetto ( PLMT), down 2.8%.

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.
null

If you liked this article you might like

Bitcoin Today: Prices Rally Ahead of Chinese New Year, Moody's Weighs in on Risk

Bitcoin Today: Prices Rally Ahead of Chinese New Year, Moody's Weighs in on Risk

What Happens Next to the Stock Market After Tuesday's Horrid Bloodbath?

What Happens Next to the Stock Market After Tuesday's Horrid Bloodbath?

Bitcoin Today: Price Predictions Get Bold, Nasdaq Considers New Futures Market

Bitcoin Today: Price Predictions Get Bold, Nasdaq Considers New Futures Market

Warren Buffett: Bitcoin 'Will Definitely Come to a Bad Ending'

Warren Buffett: Bitcoin 'Will Definitely Come to a Bad Ending'

8 Great Financial Stocks for 2018

8 Great Financial Stocks for 2018