Top Financial Stocks Worth Watching – May 2nd

UnitedHealth Group, ProShares UltraPro Short QQQ, Robinhood Markets, Block, iShares Bitcoin Trust, Berkshire Hathaway, and Walmart are the seven Financial stocks to watch today, according to MarketBeat’s stock screener tool. Financial stocks are equity shares of companies in the financial sector—such as banks, insurance firms, broker-dealers and asset managers—whose core businesses include lending, underwriting, investment services and fee-based activities. Their performance is closely tied to economic cycles, interest-rate movements and credit conditions, since those factors influence lending margins, insurance premiums and trading revenues. Investors often hold financial stocks for dividend income and as a barometer of overall economic health. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

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.

UnitedHealth Group stock traded down $1.77 during mid-day trading on Friday, hitting $398.91. 4,844,313 shares of the company’s stock traded hands, compared to its average volume of 5,859,396. The company has a market cap of $363.10 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. UnitedHealth Group has a one year low of $393.11 and a one year high of $630.73. The firm has a 50 day moving average price of $497.29 and a 200 day moving average price of $529.82.

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.

SQQQ stock traded down $1.67 during trading on Friday, hitting $28.34. The company had a trading volume of 58,731,941 shares, compared to its average volume of 51,019,415. The business has a 50 day moving average of $36.80 and a 200 day moving average of $33.08. ProShares UltraPro Short QQQ has a fifty-two week low of $26.21 and a fifty-two week high of $61.60.

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.

Shares of HOOD stock traded up $2.67 during midday trading on Friday, reaching $49.29. 31,932,307 shares of the company were exchanged, compared to its average volume of 25,574,336. The company’s 50 day moving average price is $43.03 and its two-hundred day moving average price is $41.41. The company has a market cap of $43.64 billion, a P/E ratio of 31.62, 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.

Block (XYZ)

Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

XYZ traded down $11.99 during trading on Friday, reaching $46.49. The stock had a trading volume of 33,052,294 shares, compared to its average volume of 8,709,881. Block has a 1-year low of $44.27 and a 1-year high of $99.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $57.19. The stock has a market cap of $28.80 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 0.72 and a beta of 2.77.

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 NASDAQ:IBIT traded up $0.62 during trading hours on Friday, hitting $55.57. 23,716,435 shares of the company’s stock traded hands, compared to its average volume of 45,460,156. The company’s fifty day simple moving average is $48.76 and its two-hundred day simple moving average is $51.08. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

NYSE:BRK.B traded up $8.56 during trading hours on Friday, reaching $538.79. 1,855,143 shares of the company’s stock were exchanged, compared to its average volume of 4,830,948. The company has a market capitalization of $1.16 trillion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 3.45 and a beta of 0.80. Berkshire Hathaway has a 12 month low of $399.21 and a 12 month high of $539.74. The business’s 50-day simple moving average is $516.64 and its two-hundred day simple moving average is $482.36.

Walmart (WMT)

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

Shares of WMT traded up $1.06 during trading hours on Friday, hitting $98.47. 7,725,617 shares of the company were exchanged, compared to its average volume of 21,149,072. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $787.81 billion, a PE ratio of 40.83, a PEG ratio of 4.42 and a beta of 0.69. The firm has a fifty day simple moving average of $90.50 and a 200-day simple moving average of $91.21. Walmart has a one year low of $59.14 and a one year high of $105.30.