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Market Winners & Losers: Goldman Sachs, Genworth

 
David O'Brien
FOXBusiness
     

    Wall St had another dismal day on Nov. 11; the major indices were down more nearly 2% or more on the day the U.S. honored its veterans.

    Winners

    Unisys Corp. (UIS)

    The stock rebounded after being bounced from the S&P 500, climbing back up nearly 20%. The IT service provider still has a ways to go, as it is still trading below 1/10th of its 52-week high.

    Legg Mason Inc. (LM)

    One of today’s few gainers, it has been slowly rebounding after posting worse-than-expected second-quarter numbers. The company has, however, been fairly stagnant since it released a report saying it was going to have lay off nearly one-third of its staff.

    Apartment Investment Management Co. (AIV)

    If there was ever time to be renting, it would have to be now. The apartment owning and leasing company watched its stock climb more than 5.8% today. The company had released less-than-favorable third-quarter earnings, but much of its losses had come from hurricane damage.

    Mylan Inc. (MYL)

    The company is still riding the wave from the release of Keppra, a generic epilepsy drug. The drug maker closed up near $10 at closing bell on Tuesday. The stock is up more than $4 since late October.

    Goldman Sachs (GS)

    Though most analysts -- and many financial writers--  would have you believe that Goldman is headed nowhere, the stock managed to finish up nearly 5% at the closing bell. This comes after many analysts projected Goldman could post a loss in the fourth quarter.

    Losers

    General Growth Properties (GGP)

    Shares plummeted on news that the company may not have enough capital to continue operations, many of this coming from the more than $4 billion that the company owes over the next year. The stock finished Tuesday down nearly 66%, closing at 47 cents a share. However, it was up again in after-hours trading, raising the possibility of a comeback.

    Genworth Financial Inc. (GNW)

    Former JPMorgan bigwig Ronald Joelson was named CIO, but not even that could stop the stock from sliding as a decreased Moody’s rating blocked the company from receiving government assistance for short-term debt repurchasing. The stock was more than cut in half, and closed at $1.24.

    Tyson Foods (TSN)

    The meat-products producer continued to move downward. A quarterly decline, with predictions of another in the first quarter of 2009, hurt. An increase in chicken feed prices and the lowered price of meat also made things tough. The stock finished the day down more than $1.50, closing at $5.11 a share.

    CB Richard Ellis Group Inc. (CBG)

    The company is offering 50 million public shares after attempts to raise private capital failed. CBG looks to use the money to help repay debt, though things aren’t looking good, as the stock finished down more than 23% at $4.68.

    Hartford Financial Services Group Inc. (HIG)

    Concerns continue to surround the insurance provider, along with other companies in the sector. A recent Goldman Sachs rating had placed the stock as a “sell,” and it fell another 22.75%, finishing at $11.24.

     

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