4 Buy Rated Financial Stocks to Snatch Up in May By StockNews

4 Buy Rated Financial Stocks to Snatch Up in May

Stock MarketsMay 06, 2021 03:30PM ET

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4 Buy Rated Financial Stocks to Snatch Up in May

Financial sector stocks have been making an impressive comeback in lockstep with the economy’s recovery. So, we think investing in the stocks of fundamentally sound Goldman Sachs (GS), Lazard (NYSE:LAZ), Piper Sandler (PIPR), and Cowen (COWN) could pay off handsomely in the near term.The financial sector was one of the hardest-hit sectors last year because the near-zero interest rate environment and the COVID-19 pandemic hurt lenders’ revenues. While the interest-rate environment remains unchanged, the sector is now recovering on the back of a rebounding economy. Indeed, the global financial services market is expected to grow at a 9.9% CAGR to $22,515.17 billion in 2021.

Investors’ interest in the financial sector is evidenced by the Financial Select Sector SPDR ETF’s (XLF) 19.9% gains over the past three months compared to the SPDR S&P 500 ETF Trust’s (SPY) 7.2% returns. Adding to the positives, the Federal Reserve has given big banks clearance to resume their capital deployment activities.

So, with these factors in mind, we think it could be wise to bet on established financial companies. The Goldman Sachs Group , Inc. (NYSE:GS), Lazard Ltd (LAZ), Piper Sandler Companies (PIPR), and Cowen Inc. (COWN). These companies have market dominance and reported impressive results in their last reported quarters.

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US 30 Futures	34,440.0	-21.0	-0.06%
US 500 Futures	4,245.25	+7.25	+0.17%
Dow Jones	34,479.60	+13.36	+0.04%
S&P 500	4,247.44	+8.26	+0.19%
Nasdaq	14,069.42	+49.09	+0.35%
S&P 500 VIX	15.65	-0.45	-2.80%
Dollar Index	90.505	+0.427	+0.47%

Crude Oil WTI	70.81	+0.52	+0.74%
Brent Oil	72.59	+0.07	+0.10%
Natural Gas	3.284	+0.135	+4.29%
Gold	1,879.25	-17.15	-0.90%
Silver	28.047	+0.016	+0.06%
Copper	4.5505	+0.0655	+1.46%
US Soybeans	1,508.00	-36.00	-2.33%

SPDR S&P 500	424.31	+0.70	+0.17%
iShares Russell 2000	231.70	+2.42	+1.06%
Invesco QQQ Trust	341.24	+0.89	+0.26%
Direxion Daily Junior Gold Miners Bull 2X Shares	106.55	-4.08	-3.69%
iShares Silver	25.87	-0.10	-0.39%
ProShares Ultra VIX Short-Term Futures	30.04	-1.47	-4.67%
ProShares UltraPro QQQ	109.22	+0.86	+0.79%

Apple	127.35	+1.24	+0.98%
Alphabet A	2,430.20	-4.93	-0.20%
Tesla	609.89	-0.23	-0.04%
Amazon.com	3,346.83	-2.82	-0.08%
Netflix	488.77	+1.50	+0.31%
Facebook	331.26	-1.20	-0.36%
Bank of America	41.86	+0.17	+0.41%

4 Buy Rated Financial Stocks to Snatch Up in May

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