Posts for Ticker ‘GNW’

The Unusual Suspects (BEAT, CIT, CIT-PZ, GNW, GFIG, HGSI, GSK, MCO, BRK-A, RVSN, CSCO)

bull-and-bear-image2Earnings season is seeming to wind down here, but that won’t stop the unusual suspects of key equity events and issues to watch this coming week.  We are looking into key issues for the coming week in the stocks of CardioNet, Inc. (NASDAQ:BEAT), CIT Group, Inc. (NYSE: CIT), Genworth Financial Inc. (NYSE:  class=GNW), GFI Group Inc. (NASDAQ: GFIG), Human Genome Sciences Inc. (NASDAQ: HGSI), GlaxoSmithKline Plc (NYSE: GSK), Moody’s Corp. (NYSE: MCO), Berkshire Hathaway Inc. (NYSE: BRK-A), RADVISION Ltd. (NASDAQ: RVSN) and Cisco Systems Inc. (NASDAQ: CSCO).
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Posted on: November 1, 2009 – 11:33 am in After-Hours Activity, Biotech, Buffett, Calendar, Earnings, Financial Stocks, Healthcare, Mergers and Buy Outs, Rumors, , , , , , , , , , ,

Top Day Trader Alerts (GNW, CIT, VVUS, NVTL, SWIR, HGSI)

We are only featuring a few key day trader and active trader stocks early this morning.  We have links through to more data and analysis with links on each stock over at VSInvestor.com:

Genworth Financial Inc. (NYSE: GNW) is soaring on an unexpected earnings and on a huge discount to book value.

CIT Group Inc. (NYSE: CIT) is challenging some key lows from earlier this month and from August on amended loan terms.  Actually, things are now getting much worse with a 9:20 update about potential bankruptcy filing.

VIVUS, Inc. (NASDAQ: VVUS) is trading up 8% on additional Qnexa obesity drug data.

Novatel Wireless, Inc. (NASDAQ: NVTL) did not at all match the gains reported by Sierra Wireless (NASDAQ: SWIR).  Shares are down 20%.

Human Genome Sciences, Inc. (NASDAQ: HGSI) is going to be one to watch ahead of next week’s new clinical data.  We saw huge volume in stock options yesterday on this one and would expect more of the same today.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: October 30, 2009 – 9:11 am in Pre-Market Activity, Trading Alert, , , , , ,

Top Analyst Upgrades (FWLT, GNW, ITRI, NUE, SPR, SNCR, STI, SYNA, USB, VIA)

These are this Thursday morning’s top analyst upgrades and positive research calls seen from Wall Street:

Foster Wheeler (FWLT) Raised to Buy at Goldman Sachs.
Genworth (GNW) Raised to Buy at Deutsche Bank.
Itron (ITRI) Started as Buy at Jefferies.
Nuecor (NUE) Raised to Buy at Citigroup.
Spirit AeroSystems Holdings Inc (SPR) Raised to Conviction Buy at Goldman Sachs.
Synchronoss Technologies (SNCR) Raised to Overweight at Thomas Weisel.
SunTrust (STI) Started as Outperform at Oppenheimer.
Synaptics (SYNA) Started as Buy at Needham.
USBancorp (USB) Raised to Buy at Rochdale.
Viacom (VIA) Raised to Buy at UBS.

JON C. OGG

Posted on: September 17, 2009 – 8:13 am in Analyst Calls, , , , , , , , , ,

Genworth’s Worth? (GNW)

Genworth Financial Inc. (NYSE: GNW) is still up significantly from its post-crash lows.  Unfortunately, that is where the good news stops.  Last week, we identified life insurance companies who were lining up to get TARP funds and other bailout program funds from Uncle Sam.  Genworth was supposed to be one of those companies, or at least that was the reason for the huge gap-up on Wednesday.  It turns out that the company does not qualify.  The Treasury is not extending its deadline for Genworth’s application to become a savings & loan holding company.
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Posted on: April 13, 2009 – 9:49 am in Banking, Financial Stocks, Turnarounds, Value Investing,

TARP Revisit: Were Life Insurers On the Brink? (MET, PRU, HIG, LNC, GNW, AIG)

burning-money-pic13There is one question that keeps making the rounds after the news of yesterday’s TARP bailout money inclusion being offered to life insurers.  Are these really close to falling into the abyss, all over again?  You will see the large gains racked up yesterday, but there is a lot more to this than may meet the eye.

Insurer (Ticker)………… Gain… Mkt Cap.. Comment (year stock drop)
MetLife, Inc. (MET)……… 2.36%.. $20.2B.. down almost 66%
Prudential Financial (PRU).. 7.74%.. $10.1B.. down almost 75%
Hartford Financial (HIG)…. 13.5%.. $3.12B.. down over 80%
Lincoln National (LNC)…… 32.80%. $2.3B… rose on debt repayments
Genworth Financial (GNW)…. 11.48%. $1.0B… down almost 90%

The questions and discussions that came from the financial community to us yesterday about the TARP money were not so much around the “freshness” of the data.  Some insurers had been in line for months.  The TARP was meant to allow for inclusion of some insurers which had bank holding companies, and some insurers had been complaining that they were being left out or being put at a competitive disadvantage after American International Group Inc. (NYSE: AIG) was receiving so much bailout money.  The issue boils down to liquidity, capitalization, and the sheer need of more capital.
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Posted on: April 9, 2009 – 5:08 am in Banking, Financial Stocks, Politics, Regulation, , , , , ,

The 52-Week Low Club (DRYS)(FMCN)(GM)(S)(C)(TSN)(GNW)(GGP)

Sad_clownGeneral Growth Properties (GGP) Concerns about bankruptcy. Falls to $.33 from 52-week high of $51.24.

Genworth (GNW) Moody’s downgrade causes shares to plunge to $1.19 from 52-week high of $28.21.

Tyson Foods (TSN) JP Morgan downgrades stock after its posts earnings. Falls to $4.82 from 52-week high of $19.50.

Sprint Nextel (S) Still falling after poor earnings. Dips to $2.37 from 52-week high of $16.37.

Citigroup (C) More concerns about banking write-offs. Drops to $10.34 from 52-week high of $37.50.

GM (GM) Bankruptcy still in the picture. Down to $2.75 from 52-week high of $32.19.

Focus Media (FMCN) Turns in extremely disappointing numbers. Sells off to $7.54 from 52-week high of $60.73.

Dryships (DRYS) Food and energy shipments drop. Down to $9.93 from 52-week high of $116.43.

Douglas A. McIntyre

Posted on: November 11, 2008 – 3:55 pm in HI/LOW, , , , , , , ,

The 52-Week Low Club (GNW)(UIS)(SRZ)(GGP)(KOOL)(DPTR)

Sad_clownGenworth  (GNW) DIvidend cut. Drops to $2.55 from 52-week high of $28.21.

Unisys (UIS) No news but falls over 30% to $.79 from 52-week high of $7.90.

Sunrise Assisted Living (SRZ) Large quarterly loss. Falls to $1.82 from 52-week high of $34.87.

General Growth (GGP) Analayst downgrade still hurting. Falls to $1.91 from 52-week high of $51.24.

THERMOGENESIS (KOOL) Product recall and quarterly loss. Falls to $.44 from 52-week high of $2.25.

Delta Petroleum (DPTR) Offer to buy company falls through. Stock off to $3.89 from 52-week high of $28.37.

Douglas A. McIntyre

Posted on: November 7, 2008 – 3:49 pm in HI/LOW, , , , , ,

The 52-Week Low Club 9/18/2008 (GNW)(STT)(MS)(GS)

Sad_clownGenworth (GNW) Concerns that mortgage insurance company has too much exposure in housing disaster. Down to $3.51 from 52-week high of $32.33.

State Street (STT) Concerns about exposure to AIG (AIG) and other portfolio losses. Drops to $29.09 and recovers some. The 52-week low was $86.55.

Morgan Stanley (MS) Worries about ability to survive on its own. Falls  to $11.70 from 52-week high of $69.87.

Goldman Sachs (GS) Pulled down with other financial stocks. Sells off to $85.88 from 52-week high of $250.70.

Douglas A. McIntyre

Posted on: September 18, 2008 – 2:55 pm in HI/LOW, , , ,

Pre-Market Stock News (August 15, 2007)

(AMAT) Applied Materials trading down 3% after yesterday’s earnings.
(CSC) CSC said it is part of a large government pact that will result in close to $900 million to CSC.
(DE) Deere $2.37 EPS vs $1.99 est.; sees 2007 inline with estimates.
(ERJ) Embraer SA $0.36 EPS vs $0.45 est.; unsure if comparable because of ADR.
(ETFC) E*TRADE said July averagge trades grew 20.8% sequentially, but said total retail assets decresed 1.9% and margin debt rose 5.5%; has been increasing share buyback activities.
(GNW) Genworth is meeting with investors to discuss its investment portfolio, including subprime and alt-A mortgage loans.
(HW) Headwaters CFo is leaving to becoming CFo of a private company.
(IAG) IAMGOLD $0.04 EPS vs $0.07 est.
(M) MAcy’s $0.29 EPS vs $0.26 est.
(SIRI) SIRIUS Satellite Radio Introduces the Stiletto 2.
(SLE) Sara Lee $0.17 EPS vs $0.13 est.; 2008 earnings guidance may be light.
(TSEM) Tower Semi -0.28 EPS vs -$0.31 est.
(WBSN) Websense names new CFO.
(ZOLT) Zoltek priced a 4M share secondary at $38.76.

Jon C. Ogg
August 15, 2007

Posted on: August 15, 2007 – 7:32 am in Pre-Market Activity, , , , , , , , , , , , , ,