From stockpond.com
SECTOR ANALYSIS:
It feels a little strange not featuring the gold sector this week, but for the record several gold stocks did close at new 52 week highs on Friday (ABX,AU,BGO & KGC). Silver stocks (PAAS, SIL & SSRI) also achieved new highs.
Sector New Highs:
The Fidelity Select Home Finance Sector Fund (FSVLX) closed at new 52 week highs for the last 4 days of this past week. FSVLX managers usually invest at least 80% of assets in common stocks of companies principally engaged in investing in real estate, usually through mortgages and other consumer-related loans. 5 stocks in the funds current portfolio ending the week at or within 1% of a new 52 week high.
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BUSINESS SUMMARY:
Wells Fargo & Company is a holding company whose subsidiaries are engaged in banking and a variety related businesses. For the three months ending 3/02, interest income fell 4% to $4.68 billion. Net interest income after loan provision rose 29% to $3.17 billion. Net income applicable to Common and before acct. change rose 19% to $1.38 billion. Net interest income reflects lower earning assets, offset by lower interest expense. Net income was partially offset by higher salaries expenses.
FUNDAMENTAL SUMMARY:
P/E:...................................24.51
Price/Revenue:..........................4.68
Price/Book:.............................3.13
Price/Cash Flow:.......................24.49
ROA:....................................1.22%
ROE:...................................13.35%
Current Ratio:...................... NM
Market Capitalization:...........$88,382.774M
Shares Outstanding:................1,708.540M
Float:.............................1,452.300M
Percent Float of Shares Out...............100%
During the past 3 months Institutions purchased 62.109M shares and sold 57.006M for a net purchase of 5.103M shares. Institutions currently own 64.2% of the outstanding shares.
Over the past 6 months insiders purchased 0.000M shares and sold 0.211M shares for a net purchase of -0.211M shares. Insiders currently own 15.0% of the outstanding shares.
Current Month Short Interest:.....19.109M
Previous:.........................21.746M
Percentage Change:.............. -12.1%
Short Interest Ratio:............... 5.0D
Most Recent Upgrades to Strong Buy
UBS Warburg on 02/05
TECHNICAL SUMMARY:
52 Week High:.........................52.78
52 Week Low: ........................38.85
Average Daily Volume:.............4,011,586
14 Day RSI: .............................61
Relative Strength:.......................94
Stock Price as of 05/17
Open: 52.9 High: 53.12 Low: 52.64 Close: 52.78
Previous 5 Days
Date Close %Gain Volume Notable Event
05/16 52.670 .2 3,515,600 New High
05/15 52.260 1.0 2,813,000 New High
05/14 52.180 1.1 3,353,600 New High
05/13 51.180 3.0 2,663,300
05/10 50.200 4.9 3,061,900
YTD Price Appreciation: 4.9%
CHART LINK FOR: WFC
bigcharts.marketwatch.com
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BUSINESS SUMMARY:
Radian Group, Inc., through its wholly owned subsidiaries, Radian Guaranty Inc. and Amerin Guaranty Corporation, provides private mortgage insurance coverage in the United States on residential mortgage loans. For the three months ending 3/31/02, total revenues rose 37% to $282.5 million. Net income applicable to Common rose 30% to $103.1 million. Results reflect the inclusion of Financial Guaranty for a full quarter, partially offset by higher operating expenses.
FUNDAMENTAL SUMMARY:
P/E:................................... 12.98
Price/Revenue:.......................... 4.80
Price/Book:............................. 2.12
Price/Cash Flow:........................13.39
ROA:.................................... 9.27%
ROE:................................... 17.63%
Current Ratio:.......................... NM
Market Capitalization:...........$4,918.108M
Shares Outstanding:..................94.579M
Float:...............................92.700M
Percent Float of Shares Out...............98%
During the past 3 months Institutions purchased 16.448M shares and sold 10.750M for a net purchase of 5.699M shares. Institutions currently own 95.0% of the outstanding shares.
Over the past 6 months insiders purchased 0.000M shares and sold 0.199M shares for a net purchase of -0.199M shares. Insiders currently own 2.0% of the outstanding shares.
Current Month Short Interest:.....3.645M
Previous:.........................3.894M
Percentage Change:.............. -6.4%
Short Interest Ratio:...............6.8D
TECHNICAL SUMMARY:
52 Week High:.........................54.95
52 Week Low: ........................30.49
Average Daily Volume:............. 510,068
14 Day RSI: .............................62
Relative Strength:.......................97
Stock Price as of 05/17
Open: 54.6 High: 55.11 Low: 54.6 Close: 54.95
Previous 5 Days
Date Close %Gain Volume Notable Event
05/16 54.600 .6 598,400
05/15 54.760 .3 964,000
05/14 53.810 2.1 463,700
05/13 52.850 3.8 288,900
05/10 52.120 5.2 360,000
YTD Price Appreciation: 5.2%
CHART LINK FOR: RDN
bigcharts.marketwatch.com
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BUSINESS SUMMARY:
Golden State Bancorp is a bank holding co. for California Federal Bank FSB, which operates offices in CA and NV. For the three months ending 3/02, total interest income fell 22% to $827.7 million. Net interest income after loan loss provision rose 18% to $367.7 million. Net income rose 32% to $122.5 million. Net interest income reflects lower interest earning assets, offset by a lower cost of funds. Net income also reflects decreased amortization expenses.
FUNDAMENTAL SUMMARY:
P/E:...................................10.97
Price/Revenue:..........................1.29
Price/Book:.............................1.70
Price/Cash Flow:.......................10.26
ROA:....................................0.80%
ROE:...................................17.80%
Current Ratio:.......................... NM
Market Capitalization:...........$4,567.886M
Shares Outstanding:.................135.949M
Float:...............................72.100M
Percent Float of Shares Out...............53%
During the past 3 months Institutions purchased 11.922M shares and sold 8.853M for a net purchase of 3.069M shares. Institutions currently own 49.8% of the outstanding shares.
Over the past 6 months insiders purchased 0.000M shares and sold 0.018M shares for a net purchase of -0.018M shares. Insiders currently own 47.0% of the outstanding shares.
Current Month Short Interest:.....3.426M
Previous:.........................2.795M
Percentage Change:.............. 22.6%
Short Interest Ratio:...............5.2D
TECHNICAL SUMMARY:
52 Week High:.........................35.33
52 Week Low: ........................24.07
Average Daily Volume:............. 661,880
14 Day RSI: .............................50
Relative Strength:.......................89
Stock Price as of 05/17
Open: 33.7 High: 35.01 Low: 33.7 Close: 34.69
Previous 5 Days
Date Close %Gain Volume Notable Event
05/16 33.510 3.4 618,300
05/15 33.370 3.8 597,800
05/14 33.490 3.5 455,500
05/13 33.190 4.3 398,600
05/10 32.470 6.4 413,300
YTD Price Appreciation: 6.4%
CHART LINK FOR: GSB
bigcharts.marketwatch.com
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BUSINESS SUMMARY:
Golden West Financial is a savings and loan holding company for the World Savings and Loan Association, and the World Savings Banks. For the three months ending 3/31/02, total interest income fell 23% to $868.2 million. Net interest income after LLP rose 28% to $458.4 million. Net income before acct. change rose 35% to $238.1 million. Net interest income reflects a decrease in interest-earning assets, offset by lower deposits. Earnings reflect an increase in prepayment fees.
FUNDAMENTAL SUMMARY:
P/E:...................................12.60
Price/Revenue:..........................2.82
Price/Book:.............................2.42
Price/Cash Flow:.......................12.61
ROA:....................................1.52%
ROE:...................................21.12%
Current Ratio:.......................... NM
Market Capitalization:...........$10,808.184M
Shares Outstanding:..................155.290M
Float:...............................127.200M
Percent Float of Shares Out...............81%
During the past 3 months Institutions purchased 17.814M shares and sold 16.891M for a net purchase of 0.923M shares. Institutions currently own 70.2% of the outstanding shares.
Over the past 6 months insiders purchased 0.000M shares and sold 0.535M shares for a net purchase of -0.535M shares. Insiders currently own 18.1% of the outstanding shares.
Current Month Short Interest:.....3.589M
Previous:.........................3.971M
Percentage Change:.............. -9.6%
Short Interest Ratio:...............3.8D
TECHNICAL SUMMARY:
52 Week High:.........................70.25
52 Week Low: ........................47.15
Average Daily Volume:............. 712,330
14 Day RSI: .............................50
Relative Strength:.......................97
Stock Price as of 05/17
Open: 69.8 High: 69.94 Low: 69.41 Close: 69.9
Previous 5 Days
Date Close %Gain Volume Notable Event
05/16 69.940 -.1 604,100
05/15 70.210 -.4 662,300
05/14 70.250 -.5 686,300 New High
05/13 70.150 -.4 472,700
05/10 69.330 .8 398,200
YTD Price Appreciation: .8%
CHART LINK FOR: GDW
bigcharts.marketwatch.com
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BUSINESS SUMMARY:
North Fork Bancorporation is a bank holding for North Fork Bank, which operates full-service branches in the metropolitan New York area. For the three months ending 3/31/02, interest income increased 5% to $285.8 million. Net interest income after loan loss provision rose 32% to $197.7 million. Net income increased 25% to $98.3 million. Net interest income reflects loan growth, and lower federal fund costs. Earnings were partially offset by increased employee costs.
FUNDAMENTAL SUMMARY:
P/E:...................................18.08
Price/Revenue:..........................5.65
Price/Book:.............................4.29
Price/Cash Flow:.......................18.07
ROA:....................................2.16%
ROE:...................................25.16%
Current Ratio:.......................... NM
Market Capitalization:........... $6,430.984M
Shares Outstanding:..................163.805M
Float:...............................159.900M
Percent Float of Shares Out...............97%
During the past 3 months Institutions purchased 11.973M shares and sold 8.087M for a net purchase of 3.887M shares. Institutions currently own 57.5% of the outstanding shares.
Over the past 6 months insiders purchased 0.006M shares and sold 0.000M shares for a net purchase of 0.006M shares. Insiders currently own 2.4% of the outstanding shares.
Current Month Short Interest:.....3.397M
Previous:.........................3.617M
Percentage Change:.............. -6.1%
Short Interest Ratio:...............6.0D
TECHNICAL SUMMARY:
52 Week High:.........................40.55
52 Week Low: ........................23.28
Average Daily Volume:............. 685,530
14 Day RSI: .............................70
Relative Strength:.......................96
Stock Price as of 05/17
Open: 40.5 High: 40.69 Low: 40.38 Close: 40.55
Previous 5 Days
Date Close %Gain Volume Notable Event
05/16 40.490 .1 737,800 New High
05/15 40.280 .7 939,500 New High
05/14 40.010 1.3 760,200 New High
05/13 39.280 3.1 456,800
05/10 38.620 4.8 391,000
YTD Price Appreciation: 4.8%
CHART LINK FOR: NFB
bigcharts.marketwatch.com |
