Morning Research on ARCP, OCN, CBG, ZION, and BPO
StockCall.com Provides Stock Research on American Realty Capital Properties Inc., Ocwen Financial Corp., CBRE Group Inc., Zions Bancorp., and Brookfield Properties Corp.
New York City, New York -- (June 04, 2013)
U.S. equity market kicked off June on a solid note as all three benchmark indexes finished higher on Monday, June 3, 2013. Stocks struggled initially on Monday as investors digested some disappointing economic data. However, the weak economic data once again raised hopes that the Federal Reserve will continue with its bond buying program as economic recovery remains fragile. The Fed’s ultra-loose monetary policy has been one of the reasons for the huge rally in U.S. stock market this year. The financial sector also moved higher yesterday, tracking gains in the broader market. The major movers in the sector included American Realty Capital Properties Inc. (NASDAQ: ARCP), Ocwen Financial Corp. (NYSE: OCN), CBRE Group Inc. (NYSE: CBG), Zions Bancorporation (NASDAQ: ZION), and Brookfield Office Properties Inc. (USA) (NYSE: BPO). StockCall has posted free technical research reports on ARCP, OCN, CBG, ZION, and BPO and these can be accessed by signing up at
Shares in American Realty Capital Properties Inc. moved higher on Monday, reversing some of their recent losses. The company’s shares traded between $15.01 and $15.49 before finishing the day 1.61% higher at $15.47. A total of 3.42 million shares were traded which is above the daily average volume of 2.97 million. However, despite the gains yesterday, shares of ARCP are still down over 3.70% in the last three sessions. Download the free report on ARCP upon registration at
www.StockCall.com/ARCP060413.pdf
Shares in Ocwen Financial Corp. ended slightly higher yesterday, extending their gains from previous trading sessions. The company’s shares ended the day 0.49% higher at $42.99 after trading between $41.83 and $43.10. A total of 5.61 million shares were exchanged on Monday which is more than double the daily average volume of 2.61 million. Shares of Ocwen Financial have now grown over 3.50% in the last three sessions. OCN technical report can be accessed for free by signing up at
www.StockCall.com/OCN060413.pdf
Shares in CBRE Group Inc. ended slightly higher in its last session, tracking growth in the broader market. The company’s shares hit an intraday high of $23.43 before paring some of the gains to finish the day 0.13% higher at $23.21. It saw volume of 3.23 million shares which is well above the daily average volume of 2.48 million. Shares of CBG have gained over 16.60% so far in 2013, but they still trade 9.65% below their 52-week high. The free report on CBG can be downloaded by signing up now at
www.StockCall.com/CBG060413.pdf
Shares in Zions Bancorporation fell sharply on Monday even as the broader market moved higher. The company’s shares traded between $27.24 and $28.34 before finishing the day 1.57% higher at $27.63. A total of 3.41 million shares exchanged hands, which is well above the daily average volume of 1.92 million. However, despite the sharp decline yesterday, the stock is still trading close to its 52-week high of $28.74. Free report on ZION can be accessed by registering at
www.StockCall.com/ZION060413.pdf
Shares in Brookfield Office Properties Inc. moved higher yesterday, tracking gains in the broader market. The company’s shares hit an intraday high of $17.46 before finishing the day 1.16% higher at $17.37. A total of 1.41 million shares were exchanged, which is below the daily average volume of 1.61 million. Shares of BPO are currently trading below their 50-day moving average.Register withStockCall and download the research on BPO for free at
www.StockCall.com/BPO060413.pdf
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