Stock Prices Climbing For These Stocks in the Financial Sector

Through early trading on Friday, September 9, 2011, these stocks are helping the Financial (NYSE:XLF) sector today. 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.

Shares of Visa Inc. (NYSE:V) are trading at $87.94, up 27 cents (+0.6%) from the previous close of $87.46. Visa Inc. is a global payments technology company that connects consumers, businesses, banks and governments around the world.

Stock Price Performance: From June 14, 2011, to September 8, 2011, the stock price had risen $11.66 (15.4%) from $75.80 to $87.46. The stock price saw one of its best stretches over the last year between March 31, 2011 and April 11, 2011 when shares rose for eight straight trading days, rising 5.6% (+$4.08). It saw one of its worst periods between August 15, 2011 and August 19, 2011 when shares fell for five straight trading days, falling 7.1% (-$6.12).

Annaly Capital Management, Inc. (NYSE:NLY) is one of the top price gainers. Its stock price is $17.73, which is 22 cents (+1.2%) above the previous close of $17.51. Annaly Capital Management, Inc. is a real estate investment trust, which is engaged in the business of investing, on a leveraged basis, in mortgage pass-through certificates, collateralized mortgage obligations and other mortgage-backed securities.

Stock Price Performance: From July 13, 2011, to September 8, 2011, the stock price had fallen 59 cents (-3.3%) from $18.10 to $17.51. It saw one of its worst periods between May 9, 2011 and May 13, 2011 when shares fell for five straight trading days, falling 2.2% (-39 cents). The stock price saw one of its best stretches over the last year between April 19, 2011 and May 9, 2011 when shares rose for 14 straight trading days, rising 4.1% (+69 cents).

Shares of Fifth Third Bancorp (NASDAQ:FITB) are trading at $10.17, up 2 cents (+0.5%) from the previous close of $10.12. Fifth Third Bancorp is a diversified financial services company which conducts its lending, deposit gathering, transaction processing and service advisory activities through its subsidiaries.

Stock Price Performance: From June 14, 2011, to September 8, 2011, the stock price had fallen $2.29 (-18.5%) from $12.41 to $10.12. 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 7.8% (+94 cents). It saw one of its worst periods between February 14, 2011 and February 24, 2011 when shares fell for eight straight trading days, falling 7.8% (-$1.20).

New York Community Bancorp, Inc. (NYSE:NYB) is one of the top price gainers. Its stock price is $12.03, which is 8 cents (+0.6%) above the previous close of $11.96. New York Community Bancorp, Inc is the holding company for New York Community Bank and New York Commercial Bank, which produces multi-family loans in New York City.

Stock Price Performance: From June 14, 2011, to September 8, 2011, the stock price had fallen $3.40 (-22.1%) from $15.36 to $11.96. It saw one of its worst periods between July 20, 2011 and July 29, 2011 when shares fell for eight straight trading days, falling 10.3% (-$1.52). The stock price saw one of its best stretches over the last year between October 27, 2010 and November 4, 2010 when shares rose for seven straight trading days, rising 4.8% (+76 cents).

Shares of Allied World Assurance Company Holdings, AG (NYSE:AWH) are trading at $53.15, up 44 cents (+0.8%) from the previous close of $52.71. Allied World Assurance Holdings Ltd, through its wholly-owned subsidiaries provides property and casualty insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Ireland, Switzerland and the United Kingdom.

Stock Price Performance: From July 12, 2011, to September 7, 2011, the stock price had fallen $4.73 (-8.4%) from $56.34 to $51.61. It saw one of its worst periods between June 7, 2011 and June 13, 2011 when shares fell for five straight trading days, falling 7.1% (-$4.18). The stock price saw one of its best stretches over the last year between January 31, 2011 and February 8, 2011 when shares rose for seven straight trading days, rising 3.1% (+$1.86).

 

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