Deutsche Among Financial's Biggest Movers on November 16, 2012

November 16, 2012 | Filed Under » ,
Tickers in this Article » HLSS, ACTG, MAIN, PRU, DB, TCAP, MTGE
The market has been slipping so far today. The Nasdaq has fallen 1%; the S&P 500 is down 0.6%; and the Dow has declined 0.8%. 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.

The Financial sector (XLF) is currently ahead of the overall market, down only 0.6%, and its biggest movers are currently:
CompanyMarket CapPercentage Change
Home Loan Servicing (Nasdaq:HLSS)$540.4 million+5.6%
Acacia (Nasdaq:ACTG)$1.11 billion+5%
Main Street (NYSE:MAIN)$875.3 million+4.1%
Prudential (NYSE:PRU)$23.39 billion-4%
Deutsche (NYSE:DB)$39.11 billion-3.9%
Triangle (NYSE:TCAP)$643.9 million+3.6%
American Capital Mortgage Investment (Nasdaq:MTGE)$841.3 million+3.3%
Beginner's Guide To Thinkorswim Trading Platform

After an increase of 5.6%, Home Loan Servicing (Nasdaq:HLSS) has reached a current price of $18.66. So far today, 322,834 shares of the company's stock have changed hands. At this rate, trading activity will likely be down from yesterday when 1.1 million shares changed hands.

After rising 5%, Acacia (Nasdaq:ACTG) is currently trading at a share price of $23.41. So far today, the company's volume is 573,528 shares, one times its average over the past three months.

Main Street (NYSE:MAIN) has increased to a share price of $28.79, a 4.1% rise. The company is currently trading a volume of 306,180 shares.

Prudential (NYSE:PRU) is trading at $48.40 per share, down 4%. The company's volume is currently 2.2 million shares for the day, 0.3 times the current daily average.

Slipping 3.9%, Deutsche (NYSE:DB) is currently trading at $40.94 per share. The company's volume is currently 975,306 shares.

Triangle (NYSE:TCAP) is at $24.42 per share after an increase of 3.6%. With 135,401 shares changing hands so far today, the company's volume is 0.3 times the average volume over the last three months.

Rising 3.3%, American Capital Mortgage Investment (Nasdaq:MTGE) is currently trading at $23.96 per share. So far today, 416,749 shares have changed hands.

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. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

comments powered by Disqus
Marketplace

Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=922522e4024c431fcfb80bfdf60a5f0f