Hot Financial Stocks To Buy Right Now

The S&P 500 and Nasdaq tumbled this week as investors dumped tech stocks and investors looked ahead to the Italian referendum on Sunday.

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The S&P 500 fell 1% this week after finishing little changed at 2,191.95 today, while the Dow Jones Industrial Average ticked up 0.1% this week after dipping 21.51 points, or 0.1%, to 19,170.42. The Nasdaq Composite dropped 2.7% this week after rising 0.1% to 5,255.65 today.

Wellington Shields’ Frank Gretz looks back at the tech wreckage:

The FANG stocks never really got going, so weakness there, while not good, is not new. What is new is weakness in the Semiconductors, and, on Thursday, the weakness was a bit severe. We confess to not really understanding how Tech could go so wrong, but there it is. Though not very scientific, we don’t remember markets going very far without Tech at least participating. Though the move has been impressive, we don’t think Oil stocks are going to do it, and the last time they tried was the summer of 2008. Financials have been the real drivers and they’re having a leg up on the back of that Treasury appointment. Another area with a lot going for it in the Trump world are the Transports, all of them. The Dow Transports are at a new high, confirming the highs in the Industrials. If only the Dow Theory still worked. The truth is just about everything in the Transportation sector looks good chart-wise. And there’s General Motors (GM) – go figure…

Hot Financial Stocks To Buy Right Now: Aon Corporation(AON)

Advisors’ Opinion:

  • [By Ethan Ryder]

    North Star Investment Management Corp. decreased its position in Aon PLC (NYSE:AON) by 17.9% during the 3rd quarter, Holdings Channel reports. The firm owned 2,515 shares of the financial services provider’s stock after selling 550 shares during the period. North Star Investment Management Corp.’s holdings in AON were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Joseph Griffin]

    Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Aon PLC (NYSE:AON) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,895 shares of the financial services provider’s stock after selling 1,313 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AON were worth $6,433,000 as of its most recent SEC filing.

  • [By Logan Wallace]

    AON (NYSE: AON) and CorVel (NASDAQ:CRVL) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, profitability, risk, analyst recommendations and dividends.

  • [By Joseph Griffin]

    AON (NYSE:AON) had its price target hoisted by Citigroup from $160.00 to $165.00 in a report issued on Tuesday morning. They currently have a buy rating on the financial services provider’s stock.

Hot Financial Stocks To Buy Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [By Logan Wallace]

    A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (TSE: CM) recently:

    6/6/2018 – Canadian Imperial Bank of Commerce was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a C$130.00 price target on the stock, up previously from C$125.00. 5/24/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$124.00 price target on the stock, down previously from C$136.00. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Scotiabank from C$131.00 to C$127.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Royal Bank of Canada from C$141.00 to C$135.00. They now have a “sector perform” rating on the stock. 5/24/2018 – Canadian Imperial Bank of Commerce was given a new C$140.00 price target on by analysts at Eight Capital. 5/24/2018 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$133.00 to C$138.00.

    CM traded up C$0.59 on Wednesday, reaching C$115.86. 987,570 shares of the stock were exchanged, compared to its average volume of 1,290,708. Canadian Imperial Bank of Commerce has a fifty-two week low of C$103.84 and a fifty-two week high of C$124.37.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

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  • [By Garrett Baldwin]

    We’re about to reveal a little wealth secret that could unlock the trade of a lifetime. Money Morning Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead. Read more right here.

    The Top Stock Market Stories for Tuesday
    The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation’s ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation’s parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) – the two largest banking institutions in the country – announced that roughly 90,000 customers’ data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms.
    Three Stocks to Watch Today: CRM, SBUX, MOMO
    com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks’ Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were

  • [By Max Byerly]

    Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 54.3% in the first quarter, HoldingsChannel reports. The firm owned 911,300 shares of the bank’s stock after buying an additional 320,800 shares during the quarter. Canadian Imperial Bank of Commerce comprises approximately 1.0% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 19th largest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $103,633,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Joseph Griffin]

    Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$130.33.

  • [By Joseph Griffin]

    Canadian Imperial Bank of Commerce (NYSE: CM) and Foreign Trade Bank of Latin America (NYSE:BLX) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, institutional ownership, risk and valuation.

Hot Financial Stocks To Buy Right Now: New Century Bancorp Inc.(NC)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Whirlpool (NYSE: WHR) and NACCO Industries (NYSE:NC) are both consumer discretionary companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, dividends, institutional ownership, analyst recommendations and earnings.

Hot Financial Stocks To Buy Right Now: Lakeland Bancorp Inc.(LBAI)

Advisors’ Opinion:

  • [By Shane Hupp]

    Lakeland Bancorp, Inc. (NASDAQ:LBAI) – Equities research analysts at FIG Partners lifted their Q4 2020 earnings per share (EPS) estimates for Lakeland Bancorp in a report released on Tuesday, January 29th. FIG Partners analyst D. Bishop now forecasts that the financial services provider will earn $0.40 per share for the quarter, up from their prior forecast of $0.39. FIG Partners has a “Outperform” rating and a $20.00 price target on the stock.

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