JP Morgan Leads Financial Stocks Traders are Buying Now: JPM, BBVA, HIG, RGA, BR

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.

JPMorgan Chase & Co. (NYSE:JPM) is among the top price gainers in the sector. Its shares are trading at $28.79, up 63 cents (+1.2%) from the previous close of $28.46. J.P. Morgan Chase is a global securities, investment banking and retail banking firm with operations worldwide.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $11.20 (-27.1%) from $41.32 to $30.12. The stock price saw one of its best stretches over the last year between March 22, 2011 and March 30, 2011 when shares rose for seven straight trading days, rising 2.2% (+97 cents). It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 13.4% (-$4.54).

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) are trading at $7.83, up 20 cents (+2.6%) from the previous close of $7.63. Banco Bilbao Vizcaya Argentaria S.A. is an international financial group, with strengths in the traditional banking businesses of retail banking, asset management, private banking, and wholesale banking.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $2.90 (-26.3%) from $11.03 to $8.13. The stock price saw one of its best stretches over the last year between January 10, 2011 and January 24, 2011 when shares rose for 10 straight trading days, rising 36.7% (+$3.17). It saw one of its worst periods between December 31, 2010 and January 10, 2011 when shares fell for seven straight trading days, falling 10.1% (-97 cents).

Hartford Financial Services Group Inc. (NYSE:HIG) is one of the top price gainers. Its stock price is $15.14, which is 10 cents (+1.5%) above the previous close of $14.92. Hartford Financial Services Group provides investment products and insurance products in the United States.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $10.75 (-40%) from $26.89 to $16.14. 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).

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) are trading at $45.47, up 48 cents (+1.1%) from the previous close of $44.99. Reinsurance Group of America is an insurance holding company engaged in traditional individual and group life, asset-intensive, critical illness and financial reinsurance.

Stock Price Performance: From July 8, 2011, to October 3, 2011, the stock price had fallen $18.28 (-28.9%) from $63.27 to $44.99. It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight trading days, falling 26.5% (-$16.54). The stock price saw one of its best stretches over the last year between December 31, 2010 and January 12, 2011 when shares rose for nine straight trading days, rising 8.1% (+$4.31).

Broadridge Financial Solutions, Inc. (NYSE:BR) is one of the top price gainers. Its stock price is $19.56, which is 38 cents (+2%) above the previous close of $19.18. Broadridge Financial Solutions is a global provider of investor communication, securities processing, and clearing and outsourcing solutions to the financial services industry.

Stock Price Performance: From July 8, 2011, to October 3, 2011, the stock price had fallen $5.12 (-21.1%) from $24.30 to $19.18. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 24, 2011 when shares rose for eight straight trading days, rising 6.6% (+$1.45). It saw one of its worst periods between October 5, 2010 and October 15, 2010 when shares fell for nine straight trading days, falling 9.4% (-$2.09).

 

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