Top Financial Stocks To Add to Your Watchlist – March 3rd

iShares Bitcoin Trust, Coinbase Global, ProShares UltraPro Short QQQ, Robinhood Markets, and Berkshire Hathaway are the five Financial stocks to watch today, according to MarketBeat’s stock screener tool. Financial stocks are shares issued by companies within the financial services sector, including banks, insurance firms, asset managers, and other related institutions. They represent ownership in businesses that manage money, provide credit, and facilitate investment and risk management, making them sensitive to economic indicators, regulation, and market conditions. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

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.

NASDAQ:IBIT traded up $3.41 during trading hours on Monday, hitting $51.31. The company had a trading volume of 50,866,015 shares, compared to its average volume of 45,941,098. The stock has a 50-day moving average price of $55.25 and a 200 day moving average price of $46.81. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

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.

NASDAQ:COIN traded up $4.89 during trading hours on Monday, hitting $220.51. The company had a trading volume of 8,902,420 shares, compared to its average volume of 9,015,684. The company has a market capitalization of $55.98 billion, a PE ratio of 23.18 and a beta of 3.61. The stock has a 50-day moving average price of $268.11 and a 200 day moving average price of $241.26. Coinbase Global has a 52 week low of $146.12 and a 52 week high of $349.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

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.

NASDAQ:SQQQ traded up $0.01 during trading hours on Monday, hitting $31.41. The company had a trading volume of 47,456,734 shares, compared to its average volume of 57,520,680. The stock has a 50-day moving average price of $29.19 and a 200 day moving average price of $33.89. ProShares UltraPro Short QQQ has a 52 week low of $26.21 and a 52 week high of $64.95.

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.

Robinhood Markets stock traded up $0.53 on Monday, hitting $50.63. 28,000,898 shares of the stock traded hands, compared to its average volume of 28,342,432. The firm has a market cap of $44.83 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13. The business’s fifty day simple moving average is $48.34 and its 200 day simple moving average is $35.11. Robinhood Markets has a 1 year low of $13.98 and a 1 year high of $66.91.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Berkshire Hathaway stock traded down $1.72 on Monday, hitting $512.11. 2,011,487 shares of the stock traded hands, compared to its average volume of 3,509,378. The firm has a market cap of $1.10 trillion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 3.45 and a beta of 0.88. The business’s fifty day simple moving average is $468.15 and its 200 day simple moving average is $463.25. Berkshire Hathaway has a 1 year low of $395.66 and a 1 year high of $518.59.