Top 4 Financial Stocks You'll Regret Missing This Month
Portfolio Pulse from Lisa Levin
The article lists four financial stocks that are currently oversold, presenting a potential buying opportunity. These include Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), AssetMark Financial Holdings, Inc. (AMK), Western Asset Mortgage Capital Corporation (WMC), and Walker & Dunlop, Inc. (WD). The stocks have been identified as oversold based on their Relative Strength Index (RSI) values, which are all below 30.
October 05, 2023 | 12:08 pm
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POSITIVE IMPACT
Western Asset Mortgage Capital declared a cash dividend of $0.35 per share for Q3 2023. The stock closed at $8.46 on Wednesday.
The declaration of a cash dividend is typically a positive signal to investors and could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Michael Kim has been named the new CEO of AssetMark Financial Holdings. The stock closed at $24.16 on Wednesday.
The appointment of a new CEO could bring about changes in the company's strategy, but its immediate impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley maintained an Equal-Weight rating on HASI but lowered its price target from $26 to $23. The stock closed at $15.42 on Wednesday.
The lowered price target by Morgan Stanley could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Walker & Dunlop posted downbeat Q2 2023 earnings. The stock closed at $68.83 on Wednesday.
The company's disappointing Q2 earnings could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100