This week’s trading opportunity comes from the financial sector of NASDAQ. Some of the highlights are a low P/E, recent quarterly earnings growth is up by 37.10% and a new all-time high for the stock price.
Company profile: Banco Santander (Brasil) S.A. provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services. The company also provides payment, securities and insurance brokerage, capitalization, buying club management, securitization, credit and recovery management, resource management, and other services.
Trailing P/E: 16.16, Forward P/E: 14.88
EPS: 0.79, PEG: 0.73
P/S: 5.56, P/B: 2.00
Profit margin: 34.39%, Operating margin: 38.57%
ROE: 1.70%, ROA: 12.63%
Qrtly earnings growth: 37.10%
Additional fundamental data: https://finance.yahoo.com/quote/BSBR/key-statistics?p=BSBR
Recently broke out of a 10-month consolidation
New 52-week high, New all-time high
Buying momentum (RSI) is positive and rising. It is near overbought, Buying volume is neutral
1st support level is $12.25, The safety stop is at $11.45
The target is $14.75
Suggested buying approach: Buy at the current price level. If BSBR pulls back, as long as the level is above the safety stop, wait for confirmation of support and than add to the position. Always use a 3% trailing stop.
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