Wall Street has been showing a quiet gainer for the last several months and this has been insurance stocks. Many of these insurance stocks are showing record number increases. The S&P Insurance index has skyrocketed going up 116 percent since March sixth of this year. With all the news in the market today regarding insurance it is set to go even higher.
Genworth Financial has had quite an impressive year in 2009 showing 265 percent increase in their stock. They have shown over a thirteen hundred percent increase since March. Wall Street analyst have been betting heavy against this stock but it continues to outperform any and all of their predictions. If the trend starts to shift in Genworths favor among analysts you will see another sharp rise in this stock.
Another powerful stock in the insurance sector is XL Capital Limited. Outperforming the previous stock, XL Capital Limited has risen 360 percent in 2009. Option traders are treating this stock bearishly and are not expecting its growth trend to continue. Many speculators outside of the bullpen though continue to have hopes for this stock and have still rated it as a hold, at least until the January 2010 call.
On the flip side of these great stocks AXIS Capital Holdings Limited is not doing as well. Showing only a 2 percent increase, Axis is having trouble making it to the $30.00 mark. This inability to reach that range keeps investors on their toes and the bullish sentiment towards this stock may change dramatically. If AXIS cannot make the $30.00 mark soon investors could find this stock less favorable and react negatively. Currently though, this stock is still rated as a “buy” by eight out of eleven Wall Street analysts with only one of the eleven marking it as a “sell”.




it is very interesting to see whats happening on wall street. Keep up the good articles.