Traders Cooperative

[Joe Stocks]

GNW - Added and now over weight of over 5% of port. Higher interest rates should be good for GNW and ACT. Insurance companies basically in the past past had premiums revenues balance with claims, and made their money on investing the reserves. JP Morgan analyst says that a strong labor market and rising home prices should create a beneficial credit market environment for private mortgage insurers.

And they upgraded mortgage insurer ESNT to overweight. ESNT, by the way is sitting at 52 week lows. The mortgage insurers have been pulled down with other consumer finance firms. NMIH has broken support. ACT should be announcing a regular dividend policy in the next few months, if not at this next quarterly report on May 4th.