Top Financial Stocks To Follow Now – June 2nd

UnitedHealth Group, ProShares UltraPro Short QQQ, and Robinhood Markets are the three Financial stocks to watch today, according to MarketBeat’s stock screener tool. Financial stocks are shares of companies that provide financial services—such as banks, insurance firms, asset managers, brokerages and payment processors. Their performance is driven by factors like interest rates, credit quality and regulatory changes, reflecting how profitably they lend money, underwrite risks and collect fees. 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.

NYSE UNH traded up $1.93 during trading on Monday, reaching $303.84. 11,189,633 shares of the company’s stock were exchanged, compared to its average volume of 6,806,560. UnitedHealth Group has a fifty-two week low of $248.88 and a fifty-two week high of $630.73. The firm has a market capitalization of $275.62 billion, a PE ratio of 19.61, a P/E/G ratio of 1.37 and a beta of 0.56. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $430.87 and its 200-day simple moving average is $492.75.

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.

Shares of SQQQ traded down $0.20 during midday trading on Monday, reaching $23.53. 55,800,049 shares of the stock were exchanged, compared to its average volume of 58,293,663. ProShares UltraPro Short QQQ has a 12-month low of $22.69 and a 12-month high of $57.95. The firm has a 50 day simple moving average of $32.78 and a 200-day simple moving average of $31.67.

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 traded up $1.44 during midday trading on Monday, reaching $67.59. 15,572,743 shares of the stock were exchanged, compared to its average volume of 26,456,846. The firm has a 50 day simple moving average of $49.68 and a 200-day simple moving average of $46.25. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $68.01. The company has a market cap of $59.85 billion, a price-to-earnings ratio of 43.08, a P/E/G ratio of 1.05 and a beta of 2.15.