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CME and More Big Movers in Financial on December 10, 2012
The market is on the rise this morning. The Nasdaq is up 0.6%; the S&P 500 has moved up 0.2%; and the Dow has climbed 0.3%. The financial sector is the category of stocks containing firms that provide financial services to commercial and retail customers. This sector includes banks, investment funds, insurance companies and real estate. Financial services perform best in low interest rate environments. A large portion of this sector generates revenue from mortgages and loans, which gain value as interest rates drop. Furthermore, when the business cycle is in an upswing, the financial sector benefits from additional investments. Improved economic conditions usually lead to more capital projects and increased personal investing. New projects require financing, which usually leads to a larger number of loans.
Despite a good day for the overall market so far, the Financial sector (XLF) is down 0.3% and its current biggest movers are:
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Falling 3.6%, San Juan Basin (NYSE:SJT) is currently at a share price of $12.91. So far today, the company's volume is 89,412 shares.
Federated Investors Inc (NYSE:FII) is currently trading at a share price of $19.55, a 3.6% decline. With 759,282 shares changing hands so far today, the company's volume is 0.9 times its current three-month average.
Nelnet (NYSE:NNI) has risen 2.8% and is currently trading at $29.24 per share. So far today, the company's volume is 159,792 shares.
Increasing 2.2%, United Fire Group (Nasdaq:UFCS) is trading at $21.37 per share. The company's volume is currently 6,542 shares for the day, 0.2 times its current daily average.
MarketAxess Holdings (Nasdaq:MKTX) is currently trading at $33.17 per share, a 2.1% increase. This morning, the company is trading a volume of 42,200 shares.
At $43.59, Global Payments (NYSE:GPN) has slipped 2%. So far today, the company's volume is 403,982 shares, 0.8 times the average volume over the last three months.
After a decline of 1.5%, CME (Nasdaq:CME) has hit a share price of $54.15. The company's volume is currently 844,543 shares. This is about the same trading activity as there was yesterday.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Daily stock performance should be weighed against historical performance and put in context of the market overall. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
Despite a good day for the overall market so far, the Financial sector (XLF) is down 0.3% and its current biggest movers are:
| Company | Market Cap | Percentage Change |
| San Juan Basin (NYSE:SJT) | $624.6 million | -3.6% |
| Federated Investors Inc (NYSE:FII) | $2.11 billion | -3.6% |
| Nelnet (NYSE:NNI) | $1.35 billion | +2.8% |
| United Fire Group (Nasdaq:UFCS) | $531.2 million | +2.2% |
| MarketAxess Holdings (Nasdaq:MKTX) | $1.21 billion | +2.1% |
| Global Payments (NYSE:GPN) | $3.51 billion | -2% |
| CME (Nasdaq:CME) | $18.32 billion | -1.5% |
Falling 3.6%, San Juan Basin (NYSE:SJT) is currently at a share price of $12.91. So far today, the company's volume is 89,412 shares.
Federated Investors Inc (NYSE:FII) is currently trading at a share price of $19.55, a 3.6% decline. With 759,282 shares changing hands so far today, the company's volume is 0.9 times its current three-month average.
Nelnet (NYSE:NNI) has risen 2.8% and is currently trading at $29.24 per share. So far today, the company's volume is 159,792 shares.
MarketAxess Holdings (Nasdaq:MKTX) is currently trading at $33.17 per share, a 2.1% increase. This morning, the company is trading a volume of 42,200 shares.
At $43.59, Global Payments (NYSE:GPN) has slipped 2%. So far today, the company's volume is 403,982 shares, 0.8 times the average volume over the last three months.
After a decline of 1.5%, CME (Nasdaq:CME) has hit a share price of $54.15. The company's volume is currently 844,543 shares. This is about the same trading activity as there was yesterday.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Daily stock performance should be weighed against historical performance and put in context of the market overall. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
by
Investopedia Staff
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