Investing.com - Allstate, Stanley Black & Decker and Jack In The Box rose into the close Monday, sidestepping the sea of red across Wall Street.
Insurer Allstate (NYSE:ALL) clawed back losses, rising 2% and shrugging off concerns about losses related to the California wildfires.
The insurer estimated last week pre-tax catastrophe losses of $685 million for November, above an estimate of $665 million.
Allstate's shares have dropped about 10% so far this month as analysts said the insurer had "out-sized exposure" to the California wildfires, raising investor fears of hefty claims, which could hurt performance.
The company seemed to have “out-sized exposure” to the location of the blazes, Wells Fargo analyst Elyse Greenspan said Thursday in a note to clients.
Stanley Black & Decker (NYSE:SWK) rose 1% after Deutsche Bank (DE:DBKGn) upgraded its investment rating on the company to a buy from a hold citing improved fundamentals and reduced concerns about the possible impact of tariffs.
Jack In The Box (NASDAQ:JACK) continued to add to gains, rising more than 2% in the wake of reports it was exploring a number of strategic and financial alternatives to maximize shareholder value, including a possible sale.
Reports of a sale comes as the restaurant chain has struggled to remain relevant as demand for fast food wanes, while higher wages have compressed margins.
The rise in shares of Jack In the Box adds to gains from last week, when Reuters broke the story that the company was weighing up strategic options, including a potential sale.