5 Stocks Dragging The Financial Services Industry Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,897 as of Wednesday, Dec. 18, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,411 declining with 169 unchanged.

The Financial Services industry currently sits up 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include MarketAxess Holdings ( MKTX), down 1.1%, and Discover Financial Services ( DFS), down 0.8%. Top gainers within the industry include WisdomTree Investments ( WETF), up 4.0%, First Cash Financial Services ( FCFS), up 1.9%, Western Union Company ( WU), up 1.7%, Nomura Holdings ( NMR), up 1.1% and Financial Engines ( FNGN), up 1.0%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. CBOE Holdings ( CBOE) is one of the companies pushing the Financial Services industry lower today. As of noon trading, CBOE Holdings is down $0.59 (-1.1%) to $51.76 on light volume. Thus far, 172,297 shares of CBOE Holdings exchanged hands as compared to its average daily volume of 519,600 shares. The stock has ranged in price between $51.75-$52.55 after having opened the day at $52.50 as compared to the previous trading day's close of $52.35.

CBOE Holdings, Inc., through its subsidiaries, operates markets for the trading of listed derivatives. CBOE Holdings has a market cap of $4.6 billion and is part of the financial sector. The company has a P/E ratio of 27.4, above the S&P 500 P/E ratio of 17.7. Shares are up 78.5% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate CBOE Holdings a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates CBOE Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CBOE Holdings Ratings Report now.

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