What's up with PRU and GNW? PRU one of the Top 5 Losers in the S&P 500 today.
Its right there in the link you posted!
Prudential Financial's ($55.12, -$5.82, -9.55%) shares tumbled after the insurer reported it swung to a first-quarter loss on currency-hedging costs and a rise in disability claims.
Genworth Financial Inc. GNW -5.05% : According to the recent report of Genworth Financial Inc. GNW -5.05% , Kevin Schneider, U.S. Mortgage Insurance President and Chief Executive Officer, has been appointed as President and CEO of its recently formed Global Mortgage Insurance division, effective immediately. Schneider was also appointed as Executive Vice President of the company. Genworth Financial Inc. lately reported a net income of US$47 million, or US$0.09 per diluted share, for the first quarter of 2012. That was compared with a net income of US$59 million, or US$0.12 per diluted share, from a year ago. Are insiders starting to take huge profits by selling shares or exercising stock options? Add GNW into your watch list for insider trade now.
Following the buy low and sell high strategy, what are the primary fundamentals and or technical analysis points I should study and consider before investing in a decreasing stock like wither of these. I want to know more about what to look for and consider, moving averages, projections, industry, competitors etc.
I know this is a really noob post, but I just don't know.
I cant tell you where YOU should be buying stocks like PRU, it really depends on your risk tolerance and time frame.
If you buy it here at 54 and it drops to 50, will you be jumping out a window or will you be ok holding it for 3-6months until it turns around?
Personally I think PRU in the low 52-54's should be some support levels.
Jump out a window? Never. lose $4-$5 a share, not a problem, I'll wait it out. I would agree with your assessment, and will probably be a buyer in the $53 - $54 range once some other funds are cleared. Any other direct pointers on top 3 or top 5 simple things or figures to weigh like P/E, 6 mo, 1 yr history, etc?
If you have done your research and you like the stock because of the fundamentals, the only thing left is getting a good entry based on the chart.
The only reason I say $52-$54 is because there was a lot of chop in that area between July and November 2011 so there may be some support there.