5 Rising Stocks in the Financial Sector: BSBR, HIG, SLM, CIM, AGO

Through early trading, these stocks are helping the Financial (NYSE:XLF) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Banco Santander (Brasil) S.A. (NYSE:BSBR) is one of the top price gainers. Its stock price is $7.20, which is 13 cents (+1.9%) above the previous close of $7.07. Banco Santander Brasil is a multiple service bank, conducting commercial banking, foreign exchange, investment, credit and financing, mortgage loan, leasing portfolio, insurance, pension plan, capitalization, leasing, asset management, securities, and insurance brokerage operations.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $3.57 (-33.6%) from $10.61 to $7.04. The stock price saw one of its best stretches over the last year between December 20, 2010 and January 3, 2011 when shares rose for 10 straight trading days, rising 9.7% (+$1.19). It saw one of its worst periods between June 30, 2011 and July 14, 2011 when shares fell for 10 straight trading days, falling 14.1% (-$1.65).

Shares of Hartford Financial Services Group Inc. (NYSE:HIG) are trading at $17.34, up 33 cents (+2.3%) from the previous close of $16.95. Hartford Financial Services Group provides investment products and insurance products in the United States.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $9.09 (-36.4%) from $24.97 to $15.88. It saw one of its worst periods between August 15, 2011 and August 23, 2011 when shares fell for seven straight trading days, falling 18.6% (-$3.82). The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven straight trading days, rising 11.1% (+$2.69).

SLM Corporation (NYSE:SLM) is one of the top price gainers. Its stock price is $12.79, which is 59 cents (+4.9%) above the previous close of $12.20. SLM originates, services and collects student loans. It provides funding, delivery and servicing support for education loans in the US.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $3.90 (-24.2%) from $16.10 to $12.20. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 8.3% (-$1.12). The stock price saw one of its best stretches over the last year between October 19, 2010 and October 28, 2010 when shares rose for eight straight trading days, rising 8.2% (+89 cents).

Shares of Chimera Investment Corporation (NYSE:CIM) are trading at $2.70, up 13 cents (+5%) from the previous close of $2.57. Chimera Investment is a specialty finance company that invests in residential mortgage backed securities, or RMBS, residential mortgage loans, real estate-related securities, and various other asset classes.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen 67 cents (-20.3%) from $3.30 to $2.63. It saw one of its worst periods between July 8, 2011 and July 18, 2011 when shares fell for seven straight trading days, falling 9.8% (-33 cents). The stock price saw one of its best stretches over the last year between October 13, 2010 and October 21, 2010 when shares rose for seven straight trading days, rising 5.8% (+20 cents).

Assured Guaranty Ltd. (NYSE:AGO) is one of the top price gainers. Its stock price is $11.19, which is 26 cents (+2.4%) above the previous close of $10.93. Assured Guaranty is a holding company that, through its operating subsidiaries, provides credit enhancement products to the public finance, structured finance, and mortgage markets.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $5.77 (-35.5%) from $16.25 to $10.48. It saw one of its worst periods between January 14, 2011 and January 28, 2011 when shares fell for 10 straight trading days, falling 27.3% (-$5.28). The stock price saw one of its best stretches over the last year between October 6, 2010 and October 14, 2010 when shares rose for seven straight trading days, rising 24.3% (+$4.23).

 

More from The Cheat Sheet