This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Rocket Stocks to Buy This Week

Westpac Banking

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Australian financial services giant Westpac Banking ( WBK) has a massive presence Down Under and in New Zealand, a big enough scale to make it the third biggest bank on the continent. Sydney-based Westpac sports more than 1,200 branches that offer products raging from conventional retail and commercial banking to investments. Recent acquisitions have boosted Westpac's exposure to wealth management, hiking its fee-based revenue at a time when investors are getting antsy about the rate-sensitive banking business.

>>5 Big Trades for a September Bounce

In a big way, Westpac is a leveraged play on the commodity-driven Australian economy. While the firm was far from insulated from the Great Recession that sparked off in the U.S., its impact was much less jarring in Australia, where housing prices have remained very resilient. A number of protections in the Australian market help to mitigate the risks of the kinds of capital shortfalls that U.S. banks experienced in 2008, destroying large swaths of shareholder value.

Westpac's big branch network makes it the bank of choice for more than 12 million customers, a fact that gives WBK access to a huge cheap deposit base. As a result, the bank is well capitalized and should stay that way. With rising analyst sentiment in Westpac, we're betting on shares.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
F $15.27 -1.55%
FB $80.54 0.07%
HD $112.16 0.13%
XRX $11.44 -0.61%
WBK $25.51 -0.93%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs