News / Finance
HST, CNO, GNW - Today's Top Financial Stock Picks on NYSE
HST, CNO, GNW was Today`s Top Financial Stocks
Host Hotels & Resorts, Inc. (NYSE:HST) was among the top active mover and surged 7.54% to close at $12.13 on huge volume of 18.13 million shares after Host Hotels & Resorts, Inc. revised its fiscal 2009 guidance and expects comparable hotel RevPAR to decrease 20% to 22% for the high and low ends of the forecasted range, revenue of $4.055-$4.160 billion, earnings per diluted share to be approximately $(0.42)-$(0.47), net profit to be approximately $(250)-$(282) million and FFO per diluted share should be approximately $0.46 to $0.51 (including the effect of the deduction of $131 million in non-cash impairment charges and $27 million of non-cash interest expense on the exchangeable debentures due to an accounting change for 2009, or, in total, a reduction of $0.25 per diluted share), adjusted EBITDA should be approximately $760-$800 million and operating profit (EBIT) of $59-$97 million.
Conseco, Inc. (NYSE:CNO) was the top mover of today`s trade and closed 29.46% higher at $6.46 on unusual volume of 37.06 million shares after Conseco, Inc. announced today that it has entered into an agreement to sell up to $293.0 million aggregate principal amount of its 7.0% Convertible Senior Debentures due 2016, in a private offering. Conseco has been advised that the initial purchaser in the private offering has offered to resell the new convertible debentures to a number of qualified institutional buyers.
Genworth Financial, Inc. (NYSE:GNW) surged 9.68% or $1.07 to close the days trade at $12.12 on over 21.90 million shares after Insurer Genworth Financial Inc. said on Wednesday that it expanded its board to 11 members by naming Christine B. Mead and Thomas E. Moloney as independent directors. Genworth Financial, Inc. is a financial security company dedicated to providing insurance, investment and financial solutions to approximately 15 million customers, with a presence in approximately 25 countries.
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