Flows into Financials sustaining momentum – stocks with high SA Quant Ratings
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Financial Sector Inflows: Bank of America reports that the Financials sector has seen a significant inflow of $1.5 billion, marking the longest buying streak in seven weeks among S&P 500 sectors, with overall net buying of U.S. stocks reaching $3.6 billion last week.
Quant Ratings for Financial Stocks: A list of financial stocks with high Quant Ratings from Seeking Alpha includes LexinFintech Holdings and Federal Home Loan Mortgage Corp., while notable holdings in the Financial Select Sector SPDR Fund show Berkshire Hathaway leading with a rating of 4.83.
Analyst Views on XLF
Wall Street analysts forecast XLF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 53.810
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Current: 53.810
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
