Genworth Financial and Netflix Lead S&P 500 Winners
The S&P 500 (NYSEARCA:SPY) is up today by 2.94% and stands at 1,193. Here are three better performing stocks.
Genworth Financial (NYSE:GNW): Citigroup upgraded Genworth in a recent report because Genworth’s attractive valuation more than offsets any concerns bout the stock. Citigroup went on to say that Genworth is not near bankruptcy risk. Genworth is now the hottest stock on the S&P 500 board. GNW shares recently traded at $6.10, up $0.71, or 13.17%. They have traded in a 52-week range of $4.80 to $14.77. Volume today was 7,534,246 shares versus a 3-month average volume of 10,427,300 shares. The company’s trailing earnings are $-0.29 per share.
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Netflix (NASDAQ:NFLX):Whitney Tilson, the head of the hedge fund firm T2 Partners, believes that the time is ripe to buy Netflix. Tilson describes Netflix as “the BP of 2011”, and believes the stock has nowhere to go but up. Netflix is down 79% since July. NFLX shares recently traded at $68.88, up $5.02, or 7.86%. They have traded in a 52-week range of $62.90 to $304.79. Volume today was 5,473,646 shares versus a 3-month average volume of 9,722,940 shares. The company’s trailing P/E is 15.65, while trailing earnings are $4.40 per share.
U.S. Steel (NYSE:X): U.S. Steel is another company that is urging its shareholders to reject an offer from TRC Capital to buy 3 million shares of the stock. U.S. Steel was up big at the beginning of trading. X shares recently traded at $24.06, up $1.79, or 8.04%. They have traded in a 52-week range of $18.85 to $64.03. Volume today was 6,139,012 shares versus a 3-month average volume of 13,258,600 shares. The company’s trailing earnings are $-0.53 per share.
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