Promising Financial Stocks To Watch Now - March 30th

As of March 30th, there are three financial stocks that are standing out for investors. These stocks, identified through a stock screener tool, include ProShares UltraPro Short QQQ, JPMorgan Chase & Co., and Berkshire Hathaway. Financial stocks are shares in companies that function within the financial sector, which comprises banks, insurance firms, asset management companies, and various institutions focused on managing money and offering credit. These stocks are critical to the movement of capital and maintaining economic stability, often affected by aspects such as interest rates, economic trends, and regulatory shifts. In recent days, these companies have experienced the highest trading volume among financial stocks.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ, commonly referred to as SQQQ, is an investment fund that aims to achieve results that correspond to three times the daily inverse performance of the NASDAQ-100 Index. This index consists of 100 leading domestic and international companies that are not classified as financial entities and are listed on the NASDAQ Stock Market.

During midday trading on Friday, SQQQ increased by $2.83, reaching $38.30, with a substantial trading volume of 86,387,362 shares, compared to an average volume of 40,881,418. The stock has a twelve-month low of $26.21 and a twelve-month high of $64.95, with its 50-day moving average at $31.55 and the 200-day moving average at $33.05.

JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. is a prominent financial holding company, offering a wide range of financial and investment banking services. The company is engaged in several segments, including Consumer and Community Banking, Commercial and Investment Bank, Asset and Wealth Management, and Corporate.

On Friday, shares of JPM traded down $5.16, landing at $242.97 with a trading volume of 11,975,314 shares, which is higher than its average volume of 9,343,658. JPMorgan has a market capitalization of $679.36 billion, a price-to-earnings (P/E) ratio of 12.31, and a beta of 1.10. The stock has a twelve-month low of $179.20 and a high of $280.25, with a quick ratio of 0.89 and a current ratio of 0.88.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc. operates through various subsidiaries involved in insurance, freight rail transport, and utility businesses globally. Its portfolio includes diverse insurance offerings, energy production from various sources, and rail transportation services.

On the same trading day, shares of Berkshire Hathaway (BRK.B) declined by $8.48, reaching $526.04, with 5,316,242 shares traded, surpassing its average trading volume of 3,868,216. This company boasts a market cap of $1.13 trillion and a P/E ratio of 10.63, while its twelve-month trading range extends from $395.66 to $537.63.

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