Stamford, CT -- (SBWIRE) -- 03/11/2013 -- OTC Stock Picks is engaged in providing the most up to date and useful information on Hot Penny Stocks poised to breakout. Our newsletter alerts the market with picks that Wall Street stock traders have ignored or haven’t found out about yet. These are the awesome penny stocks that the ‘underground penny stock experts’ brag about in our penny stock blogs.
Genworth Financial Inc. (NYSE:GNW), the supplier of life insurance and mortgage guaranties, reported the biggest hike in the Standard & Poor’s 500 Index on rumor that the firm would take advantage from the upturn of the housing segment.
Genworth jumped up 6.8 percent to $10.51 at 9:47 a.m on Monday. The Richmond, Virginia-located firm has rallied 40 percent in 2013. Scotia Capital boosted the company rating two levels to sector outperform, the second-maximum of the bank’s four ratings. Barron’s reported on March 9 the insurer would reward investors.
How Genworth delighted investors on Monday? Find in this report
New-home sales jumped up to an annual pace of 437,000 in January, the maximum rate since July 2008, as per reported by Commerce Department data previous month.
US home prices probably would increase 8 percent in 2013, higher from a former forecast of a 4.7 percent hike, as per reported by Bank of America Corp. Mortgage insurers surrounds lenders’ losses when homeowners default and foreclosures fail to get back costs.
What was Dell deal of the day? Find in this report
Carl Icahn-managed Icahn Enterprises LP reported on it moved into a confidentiality deal with Dell Inc (NASDAQ:DELL), less than a week following the activist investor connected increasing chorus of opposition to co-founder Michael Dell's initiative to take the world's No. 3 personal computer manufacturer private.
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