Promising Financial Stocks Worth Watching – April 23rd

ProShares UltraPro Short QQQ, iShares Bitcoin Trust, UnitedHealth Group, Robinhood Markets, and JPMorgan Chase & Co. are the five Financial stocks to watch today, according to MarketBeat’s stock screener tool. Financial stocks are equity securities issued by companies within the financial sector, such as banks, insurance firms, and investment institutions. These stocks represent an ownership stake in the company and tend to be influenced by factors like interest rates, economic cycles, and regulatory environments. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

NASDAQ SQQQ traded down $3.11 on Wednesday, reaching $35.17. The company’s stock had a trading volume of 82,211,822 shares, compared to its average volume of 85,061,938. ProShares UltraPro Short QQQ has a twelve month low of $26.21 and a twelve month high of $62.60. The firm’s 50 day moving average is $36.13 and its two-hundred day moving average is $33.27.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

Shares of IBIT traded up $0.92 during trading hours on Wednesday, reaching $53.00. The company’s stock had a trading volume of 38,298,854 shares, compared to its average volume of 46,027,711. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The company has a 50 day moving average of $48.85 and a two-hundred day moving average of $50.30.

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

NYSE:UNH traded up $4.82 during trading hours on Wednesday, reaching $432.00. The company’s stock had a trading volume of 3,442,770 shares, compared to its average volume of 5,587,960. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The business’s 50-day moving average is $508.83 and its 200-day moving average is $537.99. The company has a market cap of $395.16 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. UnitedHealth Group has a one year low of $417.12 and a one year high of $630.73.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

HOOD stock traded up $3.13 on Wednesday, reaching $45.22. 29,969,733 shares of the company were exchanged, compared to its average volume of 39,236,000. The stock’s fifty day moving average price is $44.46 and its 200 day moving average price is $40.42. The firm has a market capitalization of $40.04 billion, a PE ratio of 28.80, a PEG ratio of 1.05 and a beta of 2.17. Robinhood Markets has a 12 month low of $13.98 and a 12 month high of $66.91.

JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

Shares of JPM stock traded up $7.69 during trading hours on Wednesday, hitting $243.28. The company had a trading volume of 5,498,111 shares, compared to its average volume of 11,378,661. JPMorgan Chase & Co. has a 12 month low of $188.46 and a 12 month high of $280.25. The firm’s fifty day moving average is $242.98 and its 200 day moving average is $243.17. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market capitalization of $677.05 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 2.83 and a beta of 1.01.