7 Hot Financial Services Stocks to Watch
I have been keeping a close eye on the financial services industry group and there are seven stocks that in particular I like.
The group itself has held up very nicely even with the shaky market and several of the below stocks have still been hitting new highs.
Intercontinental Exchange, ICE
ICE stock last Friday set a new high of $191.13 and is looking strong as a leader in this group. The uptrending 50 day moving average helps the cause and the 20 MA has played a good role as support in the last few weeks. As of this post ICE is at $185.19.
Nasdaq Stock Market, NDAQ
The next buypoint on this stock is with a move past $48.11 on strong accumulation volume. The four day tumble in early November actually ending being a great buying opportunity as the stock found perfect support at its uptrending 50 day moving average and has since reclaimed most of the losses. As of this post NDAQ is at $46.55.
Mastercard, MA
I have been a fan of MA for qutite some time now, and most recently the push to new highs above $200. Today the stock is on track for a good accumulation day and should close above $210.
MA has had two major gaps this year that have started new uptrends. The first being back in early May when the stock gapped above $120, and the second being more recently in late October when the stock gapped all the way to $190 from $160. As of this post MA is at $210.29.
N Y S E Euronext, NYX
With NYX having such a strong concentration overseas, I think it is up and coming. NYX should make a great long term hold and with a lot of value for any investor. The stock has regained control above the 200 day moving average has seen the 50 cross back above the 200, both positive signs technically. Alongside this institutions have recently been showing good support for NYX. As of this post NYX is at $85.96.
C M E Group, CME
At even $700 CME is still an attractive stock. No signs have yet to point to the opposite and as long as you continue to see uptrending moving averages alongside higher highs on good strong accumulation volume CME should be a front runner for some time to come. CME stock has had a reputable run here in 2007. As of this post CME is at $696.06.
Cybersource Corporation, CYBS
CYBS stock most recently in late October gapped up high to surged from under $13 to nearly $15. The stock has seen claimed a multi year high of $17.60 which looks to be tested again in the near term future. Uptrending key moving averages support its technical strength. As of this post CYBS is at $17.05.
Investools Inc, SWIM
Last for this list is SWIM stock that has shown a fantastic run since its gap above $12 way back in the beginning of August. That day signaled the start of this 40%+ run as institutions showed great support and the key moving averages turned the corner. The stock now is nearing $18 a share and its all time high of $17.77. As of this post SWIM is at $17.47.
Nice picks indeed!
Been eyeing Cybersource all day…..but this really brings light to some of the “good” financials (which seem a dirty word with all the news as of late).
Awesome site by the way… have been coming through some of the content over the past week.
–Ray
These are some very impressive stocks. CME, NYX, and MA are all on my lists as possible buys in the near future if the price is right. All of them have amazing growth.