ICE, BLK And MS, Pushing Financial Services Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 69 points (-0.4%) at 16,384 as of Monday, March 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 999 issues advancing vs. 1,928 declining with 160 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Eaton Vance Corporation ( EV), down 1.5%, Waddell & Reed Financial ( WDR), down 1.2%, NASDAQ OMX Group ( NDAQ), down 0.9%, Nomura Holdings ( NMR), down 0.9% and Legg Mason ( LM), down 0.8%. A company within the industry that increased today was Credit Acceptance Corporation ( CACC), up 1.6%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. IntercontinentalExchange Group ( ICE) is one of the companies pushing the Financial Services industry lower today. As of noon trading, IntercontinentalExchange Group is down $2.40 (-1.1%) to $210.24 on light volume. Thus far, 310,203 shares of IntercontinentalExchange Group exchanged hands as compared to its average daily volume of 967,000 shares. The stock has ranged in price between $209.57-$212.83 after having opened the day at $212.83 as compared to the previous trading day's close of $212.64.

IntercontinentalExchange Group, Inc. operates a network of regulated exchanges and clearing houses for financial and commodity markets in the United States, the United Kingdom, Continental Europe, and Canada. IntercontinentalExchange Group has a market cap of $24.7 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk. Get the full IntercontinentalExchange 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.

2. As of noon trading, BlackRock ( BLK) is down $2.50 (-0.8%) to $308.29 on average volume. Thus far, 442,254 shares of BlackRock exchanged hands as compared to its average daily volume of 725,400 shares. The stock has ranged in price between $306.63-$310.99 after having opened the day at $310.10 as compared to the previous trading day's close of $310.79.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $52.1 billion and is part of the financial sector. Shares are down 1.7% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate BlackRock a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income 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. Get the full BlackRock 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, Morgan Stanley ( MS) is down $0.20 (-0.6%) to $32.00 on average volume. Thus far, 5.3 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 13.0 million shares. The stock has ranged in price between $31.76-$32.30 after having opened the day at $32.22 as compared to the previous trading day's close of $32.21.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $62.9 billion and is part of the financial sector. Shares are up 1.5% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Morgan Stanley a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Morgan Stanley 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 3 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).

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