This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Genworth: Financial Winner

NEW YORK ( TheStreet) -- Genworth Financial (GNW - Get Report) was among the strongest performers in the financial sector Monday as shares rose more than 4% on above-average volumes during a relatively slow trading session.

Shares of Genworth close 4.47% higher at $11.92 on volumes of 10.85 million shares compared to a three month trailing daily average of 9.29 million shares.

The higher-than-average volumes for shares of the life and mortgage insurer came as many other financial stocks changed hands relatively infrequently. Bank of America (BAC - Get Report), for example, saw less than 75 million shares trade on Monday, compared to an average of nearly 131 million. Bank of America shares finished the day higher by 0.54% at $12.93.

Financial stocks as a group were flat to slightly higher as exemplified by Financial Select Sector SPDR (XLF), a popular financial sector exchange traded fund, rising 0.10% on volumes of about 46 million, compared to a 54 million daily average over the past three months. Shares of Citigroup (C - Get Report), Goldman Sachs (GS), Morgan Stanley (MS) and Wells Fargo (WFC) were all up by less than 1%, while JPMorgan Chase shares finished the day down slightly.

The Institute for Supply Manufacturing index in June rose to 50.9 vs. 49.0 in May and a 50.5 forecast, according to a report from CRT Capital Markets. CRT analysts noted, however, that the employment component of the report fell to 48.7 from 50.1, marking its lowest total since September 2009. Construction spending in May, increased, meanwhile, though slightly less than forecast. U.S. treasuries were essentially unchanged on lower-than-average volumes, according to CRT.

-- Written by Dan Freed in New York.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
XLF $23.24 -0.64%
BAC $15.58 -1.08%
C $51.39 -0.50%
GNW $5.41 -4.10%
JPM $61.94 -0.31%


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs