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. IntercontinentalExchange Group (
ICE) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.5%. By the end of trading, IntercontinentalExchange Group rose $5.42 (2.7%) to $208.87 on average volume. Throughout the day, 1,045,064 shares of IntercontinentalExchange Group exchanged hands as compared to its average daily volume of 975,600 shares. The stock ranged in a price between $202.90-$209.00 after having opened the day at $203.12 as compared to the previous trading day's close of $203.45. Other companies within the Financial Services industry that increased today were:
iPath Dow Jones-UBS Lead Total Return Sub-I (
LD), up 17.3%,
Manhattan Bridge Capital (
LOAN), up 10.2%,
iPath Dow Jones-UBS Natural Gas Total Retur (
GAZ), up 9.7% and
Och-Ziff Capital Management Group (
OZM), up 9.3%.
IntercontinentalExchange Group, Inc., through its subsidiaries, operates a network of regulated exchanges and clearing houses for financial and commodity markets primarily in the United States, the United Kingdom, Canada, Europe, and Brazil. IntercontinentalExchange Group has a market cap of $24.0 billion and is part of the financial sector. Currently there are 11 analysts that rate IntercontinentalExchange Group a buy, 1 analyst rates it a sell, and none rate it a hold.
TheStreet Ratings rates
IntercontinentalExchange Group as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
On the negative front,
Siebert Financial Corporation (
SIEB), down 20.5%,
Direxion Daily Natural Gas Related Bear 3X (
GASX), down 8.5%,
Dominion Resources Black Warrior (
DOM), down 7.8% and
Direxion Daily Russia Bear 3X Shares (
RUSS), down 7.7%.
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.
