It may seem that the banking sector is rocked by negative
headlines on a daily basis, but bullish developments are brewing
elsewhere in the industry.
Our researchLAB service shows that a pair of companies have
recently emerged in a new subset of the financial universe:
. They are Ocwen Financial (OCN), which had some long-term
last month, and Nationstar Mortgage (NSM), which had some
earlier this week.
These two companies are up a 48 percent in the last three months,
making them No. 2 among the 100-plus groups tracked by
researchLAB. (They trail only the anti-obesity drug makers, such
as Arena Pharmaceuticals and Vivus.)
The story for OCN and NSM appears to be simple growth. Both have
snatched up servicing rights on mortgages and are finding ways to
get borrowers to pay back. These names appear to have flown under
the radar, so there could be significant upside potential as
people learn about this group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
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