Financial Showing Signs of Life

Dow Falls, Financials Seeing Encouraging Action
Mon, 09/03/2009

UYG-70

Financials are showing some signs of strength. Massive capitulation over the recent months have created some buying opportunities, some professionals are speculating.  One Exchange Traded Fund (ETF) UYG, which is ultra long (3x) financials, is off from a high of 70.00 to a mere 1.50.

TOP 10 HOLDINGS ( 32.62% OF TOTAL ASSETS)
Company Symbol % Assets
AMER EXPRESS INC AXP 1.49
BK OF AMERICA CP BAC 5.06
BANK OF NY MELLON CP BK 2.15
CITIGROUP INC C 2.82
GOLDMAN SACHS GRP GS 1.97
JP MORGAN CHASE CO JPM 6.83
THE TRAVELERS CO TRV 1.61
US BANCORP USB 2.91
VISA INC. V 1.47
WELLS FARGO & CO NEW WFC 6.31

 

SymbolLast TradeChangeVolumeIntradayRelated Info
AXP 1:05PM ET 10.80 Up 0.54 Up 5.26% 16,758,192 Chart, Messages, Key Stats, More
BAC 1:05PM ET 3.64 Up 0.50 Up 15.92% 174,297,116 Chart, Messages, Key Stats, More
BK 1:05PM ET 18.23 Down 0.02 Down 0.11% 8,641,941 Chart, Messages, Key Stats, More
C 1:05PM ET 1.04 Up 0.01 Up 0.97% 165,402,708 Chart, Messages, Key Stats, More
GS 1:05PM ET 74.19 Down 1.46 Down 1.93% 14,154,184 Chart, Messages, Key Stats, More
JPM 1:05PM ET 16.55 Up 0.62 Up 3.89% 78,818,846 Chart, Messages, Key Stats, More
TRV 1:05PM ET 33.72 Down 0.72 Down 2.09% 2,867,577 Chart, Messages, Key Stats, More
USB 1:05PM ET 10.01 Up 1.19 Up 13.49% 31,427,288 Chart, Messages, Key Stats, More
V 1:05PM ET 49.48 Down 0.71 Down 1.41% 4,371,157 Chart, Messages, Key Stats, More
WFC 1:05PM ET 10.04 Up 1.43 Up 16.58% 135,250,329 Chart, Messages, Key Stats, More