MKTX, KKR, CME And BX, Pushing Financial Services Industry Downward

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Total System Services ( TSS), down 1.9%, Orix Corporation ( IX), down 1.2%, Nomura Holdings ( NMR), down 1.0%, MasterCard Incorporated ( MA), down 0.8% and Western Union Company ( WU), down 0.7%. Top gainers within the industry include Janus Capital Group ( JNS), up 2.7%, WisdomTree Investments ( WETF), up 2.2%, Apollo Global Management ( APO), up 2.1% and Morgan Stanley ( MS), up 0.7%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. MarketAxess Holdings ( MKTX) is one of the companies pushing the Financial Services industry lower today. As of noon trading, MarketAxess Holdings is down $3.67 (-5.4%) to $64.04 on heavy volume. Thus far, 195,652 shares of MarketAxess Holdings exchanged hands as compared to its average daily volume of 168,300 shares. The stock has ranged in price between $63.86-$67.00 after having opened the day at $67.00 as compared to the previous trading day's close of $67.71.

MarketAxess Holdings Inc., through its subsidiaries, operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. MarketAxess Holdings has a market cap of $2.6 billion and is part of the financial sector. The company has a P/E ratio of 36.1, above the S&P 500 P/E ratio of 17.7. Shares are up 96.2% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate MarketAxess Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates MarketAxess Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full MarketAxess Holdings Ratings Report now.

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

3. As of noon trading, KKR ( KKR) is down $0.19 (-0.8%) to $23.61 on light volume. Thus far, 327,994 shares of KKR exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $23.56-$23.84 after having opened the day at $23.70 as compared to the previous trading day's close of $23.80.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, and middle market investments. KKR has a market cap of $6.9 billion and is part of the financial sector. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 56.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate KKR a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full KKR Ratings Report now.

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

2. As of noon trading, CME Group ( CME) is down $0.56 (-0.7%) to $80.40 on average volume. Thus far, 703,295 shares of CME Group exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $80.35-$81.18 after having opened the day at $80.59 as compared to the previous trading day's close of $80.97.

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 $27.3 billion and is part of the financial sector. The company has a P/E ratio of 28.6, above the S&P 500 P/E ratio of 17.7. Shares are up 59.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate CME Group a buy, no analysts rate it a sell, and 7 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 solid stock price performance, revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full CME Group Ratings Report now.

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

1. As of noon trading, Blackstone Group ( BX) is down $0.11 (-0.4%) to $28.42 on light volume. Thus far, 1.1 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $28.03-$28.50 after having opened the day at $28.35 as compared to the previous trading day's close of $28.53.

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 $16.4 billion and is part of the financial sector. The company has a P/E ratio of 25.8, above the S&P 500 P/E ratio of 17.7. Shares are up 83.0% 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 impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Blackstone Group Ratings Report now.

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

If you are interested in one of these 5 stocks, 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).

null

More from Markets

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Posts First Gain in Nine Sessions; Oil Jumps

Dow Posts First Gain in Nine Sessions; Oil Jumps