Financials Sector Equities under the Scanner -- HDFC Bank, Popular, Credit Suisse, Genworth Financial, and Tower Group Intl.
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LONDON, July 18, 2014 /PRNewswire/ --
On Thursday, July 17, 2014, the NASDAQ Composite ended at 4,363.45, down 1.41%, the Dow Jones Industrial Average finished the day 0.94% lower at 16,976.81, and the S&P 500 closed at 1,958.12, down 1.18%. The losses were broad based as all the sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 305.35, down 1.25%, while the index has advanced 3.71% in the previous three months. Investor-Edge has initiated coverage on the following equities: HDFC Bank Ltd (NYSE: HDB), Popular Inc. (NASDAQ: BPOP), Credit Suisse Group A.G. (NYSE: CS), Genworth Financial Inc. (NYSE: GNW), and Tower Group International Ltd (NASDAQ: TWGP). Free research on these five companies can be accessed at:
http://investor-edge.com/register
HDFC Bank Ltd's stock declined 1.64%, to close the day at $47.29. The stock recorded a trading volume of 0.96 million shares, below its three months average volume of 1.05 million shares. The stock oscillated between $47.20 and $48.28 during the session. Over the last three trading sessions and over the past three months, HDFC Bank Ltd's shares have gained 1.11% and 15.99%, respectively. Further, the stock has gained 37.31% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $46.41 is greater than its 200-day moving average of $38.12. Additionally, the stock has a Relative Strength Index (RSI) of 56.40. Sign up and read the free notes on HDB at:
http://www.Investor-Edge.com/HDB-18Jul2014
On Thursday, shares in Popular Inc. recorded a trading volume of 1.62 million shares, higher than its three months average volume of 0.78 million shares. The stock ended the day at $33.70, which was 2.52% below its previous day's closing of $34.57, and registered an intraday range of $33.66 and $34.71. Shares of the company traded at a PE ratio of 4.31. Although Popular Inc.'s shares have lost 2.43% in the previous three trading sessions, it has advanced 15.06% in the last three months and 17.30% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $31.79 and $29.06, respectively. Furthermore, shares of the company have an RSI of 68.38. The complimentary notes on BPOP can be downloaded as in PDF format at:
http://www.Investor-Edge.com/BPOP-18Jul2014
Credit Suisse Group A.G.'s stock finished the Thursday's session 1.78% lower at $28.69. A total of 0.50 million shares were traded, which was below its three months average volume of 0.93 million shares. The stock moved between $28.64 and $29.09 during the session. Over the last three trading sessions and the past one month, Credit Suisse Group A.G.'s shares have lost 0.17% and 5.06%, respectively. Additionally, from the beginning of 2014, the company's stock has declined 5.11%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $30.01 is greater than its 50-day moving average of $29.53. Credit Suisse Group A.G.'s stock has an RSI of 50.65. Register for free on Investor-Edge and access the latest research on CS at:
http://www.Investor-Edge.com/CS-18Jul2014
On Thursday, shares in Genworth Financial Inc. fluctuated between $16.02 and $16.45 before ending the session 0.86% lower at $16.14. Genworth Financial Inc.'s stock reported a trading volume of 4.44 million shares, below its three months average volume of 6.21 million shares. Shares of the company traded at a PE ratio of 12.67. Genworth Financial Inc.'s shares have declined 3.53% in the previous three trading sessions and 4.38% in the last three months. However, the stock has gained 3.93% since the start of this year. The stock is trading above its 200-day moving average of $16.03, while the 200-day moving average is below its 50-day moving average of $17.50. Moreover, shares of the company have an RSI of 30.69. The complete research on GNW is available for free at:
http://www.Investor-Edge.com/GNW-18Jul2014
Tower Group International Ltd's stock edged 0.55% higher to close the day at $1.83. The stock recorded a trading volume of 0.29 million shares, much below its three months average volume of 1.20 million shares. The stock oscillated between $1.82 and $1.86 during the session. Over the last three trading sessions and over the past one month, Tower Group International Ltd's shares have fallen by 3.68% and 6.15%, respectively. Further, the stock has lost 45.86% since the start of this year. The stock is trading below its 50-day and 200-day moving averages of $2.05 and $2.99, respectively. Additionally, the stock has an RSI of 37.87. Free in depth research on TWGP is available at:
http://www.Investor-Edge.com/TWGP-18Jul2014
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