Genworth's Down Under for a Reason:
NEW YORK (TheStreet) --If you invested in an S&P 500 financial stock at the start of the year, you had to work very hard to lose money.
Out of the 85 financial stocks in that index, just three had negative returns year to date through Thursday and two of them--Assurant and People's United Bancorp , were down by roughly one percent each.
The only real loser, then, is Genworth Financial , down 9.16%. So it makes sense to wonder whether Genworth, which reports first quarter earnings Wednesday, is worth a gamble. Can it really be so much worse than the other 84 stocks?
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Click to view a price quote on GNW.
Click to research the Insurance industry.
NEW YORK (TheStreet) --If you invested in an S&P 500 financial stock at the start of the year, you had to work very hard to lose money.
Out of the 85 financial stocks in that index, just three had negative returns year to date through Thursday and two of them--Assurant and People's United Bancorp , were down by roughly one percent each.
The only real loser, then, is Genworth Financial , down 9.16%. So it makes sense to wonder whether Genworth, which reports first quarter earnings Wednesday, is worth a gamble. Can it really be so much worse than the other 84 stocks?
...
Click to view a price quote on GNW.
Click to research the Insurance industry.
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