Financial Stocks To Follow Today - August 22nd

Key Points

• Five key financial stocks to watch today include Robinhood Markets, UnitedHealth Group, Intuit, Coinbase Global, and ProShares UltraPro Short QQQ, noted for their high dollar trading volume.
• Robinhood Markets provides a platform for investing in various assets such as stocks, ETFs, and cryptocurrencies, featuring services like fractional trading and retirement program options.
• UnitedHealth Group operates through multiple segments, offering health benefit plans and services tailored for consumers and businesses across diverse health care needs.

Robinhood Markets, UnitedHealth Group, Intuit, Coinbase Global, and ProShares UltraPro Short QQQ are the five Financial stocks to watch today, according to MarketBeat's stock screener tool. Financial stocks are shares of companies that operate in the financial services sector—including banks, insurance firms, brokerages, asset managers and other institutions that facilitate lending, investing and risk management. Investors buy these equities to gain exposure to credit cycles, interest-rate movements and overall economic growth, often with the added benefit of dividend income. Because their performance is closely tied to monetary policy and market conditions, financial stocks tend to be more cyclical than many other sectors. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Read Our Latest Research Report on HOOD

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

Read Our Latest Research Report on UNH

Intuit (INTU)

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

Read Our Latest Research Report on INTU

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

Read Our Latest Research Report on COIN

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Read Our Latest Research Report on SQQQ

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.