Best financial stocks for the week of August 9, 2021 • Benzinga
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The financial sector is made up of companies that operate in the various offerings of the financial sector, encompassing everything from insurance and money management to payments and digital. banking technology. This sector includes some of the best known and largest companies in the world, such as Square, Morgan Stanley, American Express and Bank of America.
Tech stocks, which are broadly represented by the Fidelity® MSCI Financials ETF (FNCL), have significantly outperformed the market, with the FNCL providing investors with a 52.88% return in the past 12 months, outperforming the return. S&P 500 total of 32.84%.
Here are the top tech stocks with the highest growth, highest value, strongest momentum, and most Google searches.
Financial action at the best value for money: Capital One Financial (COF)
|Capital One Financial||$ 167.01||Buy stocks|
Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spin-off of the credit card division of Signet Financial in 1994, the company is now primarily involved in credit card loans, auto loans and business loans. With a current price / earnings ratio of 6.49, Capital One Financial benefits from economic growth due to higher rates of return. Recently, Capital One Financial increased its quarterly dividend by 50%, a positive sign for investors and the company.
Best Financial Growth Stock: Truist Financial Corporation (TFC)
|Truist Financial||$ 57.06||Buy stocks|
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking and investment banking operations, the company operates several non-banking segments, the main one being its insurance brokerage business. In the last quarter, Truist Financial posted 73.5% profit growth, as well as 21% revenue growth, posting a much higher growth rate than its competitors. Recently, Truist delivered strong overall profits in the second quarter, which showed both positive and negative sides as loan growth continued to be elusive and fee income was strong.
Most Momentum Financial Action: Upstart Holdings (UPST)
|Holdings reached||$ 139.01||Buy stocks|
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence-based lending platform. The platform aggregates consumer loan demand and connects it to the network of Upstart AI-enabled banking partners. The company’s turnover is mainly made up of commissions paid by banks. With a huge 52-week price range of 22.61 to 191.89 and a current price of 132.96, Upstart Holdings saw a rise in the share price that very few companies have experienced. The company projects revenue of $ 600 million for the full year of 2021, and if it delivers, that would represent growth of more than 1,000% since 2017, much of which has occurred in ‘last year.
Hottest Tech Stock: Berkshire Hathaway Inc. (BRK-B)
|Berkshire Hathaway Inc. New Common Shares||$ 287.64||Buy stocks|
Berkshire Hathaway Inc is a holding company with a wide range of subsidiaries engaged in various activities. The company’s primary business line is insurance, managed primarily by Geico, Berkshire Hathaway Reinsurance Group and Berkshire Hathaway Primary Group. Currently in the top 10 hottest ticker boxes, Berkshire Hathaway occupies an abundance of Benzinga’s research index due to its surge in operating profits as well as announced share buybacks. Led by Warren Buffet, Berkshire Hathaway will continue to be a leading holding company in the world.
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Stock selection methodology
To create a specific set of companies and their respective stocks that fall under a certain criterion, we used a filter to look at the best stocks under each criterion. For value companies, we analyzed companies with the lowest forward P / E, current P / E and P / E / G multiples; for growing companies, we analyzed high earnings and revenue growth – weighing them as well; for momentum, we looked at price growth over the past 52 weeks; for tech trends, we looked at stocks with the highest percentage of research increment on Benzinga.
Description of the company: Set of facts
Screeners: Benzinga Pro
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