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Trade-Ideas LLC identified

Popular

(

BPOP

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Popular as such a stock due to the following factors:

  • BPOP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.4 million.
  • BPOP has traded 273,499 shares today.
  • BPOP is trading at 8.26 times the normal volume for the stock at this time of day.
  • BPOP is trading at a new high 8.02% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on BPOP:

TheStreet Recommends

Popular, Inc., through its subsidiaries, provides various retail and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. BPOP has a PE ratio of 3. Currently there are 2 analysts that rate Popular a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Popular has been 1.4 million shares per day over the past 30 days. Popular has a market cap of $3.0 billion and is part of the financial sector and banking industry. The stock has a beta of 1.70 and a short float of 4.6% with 4.86 days to cover. Shares are down 17.3% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Popular as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, expanding profit margins and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 1.7%. Since the same quarter one year prior, revenues rose by 13.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Commercial Banks industry and the overall market, POPULAR INC's return on equity exceeds that of both the industry average and the S&P 500.
  • The gross profit margin for POPULAR INC is currently very high, coming in at 77.50%. It has increased significantly from the same period last year. Along with this, the net profit margin of 108.41% significantly outperformed against the industry average.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 216.8% when compared to the same quarter one year prior, rising from -$511.31 million to $597.45 million.

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