Promising Real Estate Stocks To Watch Now – May 8th

MercadoLibre, Wells Fargo & Company, and Bank of America are the three Real Estate stocks to watch today, according to MarketBeat’s stock screener tool. Real estate stocks are shares of publicly traded companies that own, develop or manage property portfolios—such as residential, commercial or industrial real estate. By buying these stocks, investors gain exposure to real estate income streams (like rent and dividends) and potential property value appreciation without directly purchasing physical properties. These companies had the highest dollar trading volume of any Real Estate stocks within the last several days.

MercadoLibre (MELI)

MercadoLibre, Inc. operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

Shares of NASDAQ:MELI traded up $155.45 on Thursday, hitting $2,417.54. 611,145 shares of the company were exchanged, compared to its average volume of 380,328. The stock’s 50 day moving average price is $2,067.28 and its 200 day moving average price is $1,977.62. The firm has a market capitalization of $122.56 billion, a P/E ratio of 64.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. MercadoLibre has a 1-year low of $1,550.00 and a 1-year high of $2,501.10. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

Wells Fargo & Company (WFC)

Wells Fargo & Co. is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

Shares of NYSE WFC traded up $0.44 during midday trading on Thursday, hitting $73.62. The stock had a trading volume of 11,706,852 shares, compared to its average volume of 17,517,501. The stock has a 50 day simple moving average of $69.15 and a 200-day simple moving average of $72.01. The company has a market capitalization of $239.57 billion, a PE ratio of 13.68, a P/E/G ratio of 1.18 and a beta of 1.13. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 1 year low of $50.15 and a 1 year high of $81.50.

Bank of America (BAC)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

BAC stock traded up $0.98 during mid-day trading on Thursday, hitting $41.91. 20,440,916 shares of the company were exchanged, compared to its average volume of 39,191,939. The firm has a market capitalization of $315.66 billion, a P/E ratio of 13.02, a PEG ratio of 1.21 and a beta of 1.27. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.04. Bank of America has a 12-month low of $33.07 and a 12-month high of $48.08. The business has a fifty day simple moving average of $39.78 and a 200-day simple moving average of $43.48.