Best Financial Stocks To Consider – May 9th

Coinbase Global, Robinhood Markets, ProShares UltraPro Short QQQ, iShares Bitcoin Trust, and D-Wave Quantum are the five Financial stocks to watch today, according to MarketBeat’s stock screener tool. Financial stocks are shares of companies operating in the financial sector, including banks, insurance firms, asset managers and brokerage houses. By purchasing these stocks, investors gain ownership stakes in businesses that generate revenue through lending, underwriting, trading and fee-based services. The performance of financial stocks is often closely tied to interest-rate movements, economic growth and regulatory changes. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

Shares of NASDAQ:COIN traded down $2.75 during trading on Friday, hitting $203.75. The company’s stock had a trading volume of 10,025,754 shares, compared to its average volume of 9,605,952. Coinbase Global has a fifty-two week low of $142.58 and a fifty-two week high of $349.75. The business has a 50 day moving average price of $187.65 and a two-hundred day moving average price of $242.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $51.73 billion, a PE ratio of 21.45 and a beta of 3.62.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Shares of NASDAQ HOOD traded up $0.56 during mid-day trading on Friday, reaching $54.63. The company had a trading volume of 27,831,673 shares, compared to its average volume of 26,131,030. The firm has a 50 day simple moving average of $43.21 and a two-hundred day simple moving average of $42.20. The stock has a market cap of $48.37 billion, a P/E ratio of 34.80, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $66.91.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Shares of SQQQ stock traded down $0.02 during trading hours on Friday, reaching $28.70. 46,553,649 shares of the company’s stock were exchanged, compared to its average volume of 52,520,006. The company’s 50 day moving average is $36.54 and its two-hundred day moving average is $32.85. ProShares UltraPro Short QQQ has a 1 year low of $26.21 and a 1 year high of $57.95.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

IBIT stock traded up $0.87 during midday trading on Friday, hitting $58.49. 21,339,363 shares of the stock were exchanged, compared to its average volume of 44,844,059. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The stock’s 50-day moving average price is $49.42 and its 200-day moving average price is $51.65.

D-Wave Quantum (QBTS)

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.

QBTS stock traded up $0.86 on Friday, hitting $11.28. 102,885,961 shares of the company were exchanged, compared to its average volume of 36,149,608. D-Wave Quantum has a twelve month low of $0.75 and a twelve month high of $11.95. The business’s fifty day moving average is $7.29 and its two-hundred day moving average is $5.71. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of -26.86 and a beta of 0.90.