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Highlights:
- Jackson Financial Inc. (NYSE:JXN) posted a net income of US$2.02 billion in Q1 FY22.
- Genco Shipping & Trading Limited (NYSE:GNK) saw a profit of US$41.7 million in Q1 FY22.
- Genco paid a dividend of US$0.79 for Q1 FY22.
Investors wary of picking pricey stocks can explore small-cap stocks like Jackson Financial Inc. (NYSE:JXN) and Genco Shipping & Trading Limited (NYSE:GNK).
Small-cap stocks, which are known to belong to enterprises with a market cap of US$300 million to US$2 billion, can help investors secure short-term returns, although they can come with some risks.
Here, we will explore two NYSE small-cap stocks, JXN and GNK, and their performances amid a market downturn.
Jackson Financial Inc. (NYSE:JXN)
Jackson Financial, which offers annuities to retail traders across the US, saw its scrips decline by some 37 per cent year-to-date (YTD).
JXN stock touched the highest price of US$47.76 and the lowest price of US$22.29 in the last 52 weeks. At the time of writing, JXN stock's Relative Strength Index (RSI) was standing at 51.3.
Jackson Financial is slated to report its Q2 FY22 earnings on August 9, 2022. In Q1 FY22, Jackson reported a net income of US$2.02 billion or US$22.51 per diluted share.
Jackson Financial returned US$192 million to its shareholders in Q1 FY22. It was US$140 million in share repurchases and US$52 million in dividends.
Genco Shipping & Trading Limited (NYSE:GNK)
Genco, which provides seaborne transportation services, carrying iron ore, steel products, coal, grain, and dry bulk cargos, declared a dividend of $0.79 in Q1 FY2022. It was an increase of 18 per cent relative to the previous quarter of fiscal 2022.
According to EODHD/Others data, GNK stock had a Relative Strength Index (RSI) of 57.48 as of August 2.
Genco Shipping posted a net income of US$41.7 million and an EBITDA of US$58.0 million in Q1 FY22.
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Bottom line
Some quality small-cap stocks can have a greater growth possibility than large-cap companies, which can interest high-risk investors. Hence, such investors can explore the small-cap stocks mentioned above as they can prevail in the long run.
