The share prices of MetLife (NYSE: MET), Air Lease (NYSE: AL), and Seagate Technology (NASDAQ: STX) are all down for the year, but certainly not down for the count.
On the surface, the antipathy investors are showing the trio makes sense. People are dying from COVID-19 and interest rates are down, neither of which is good for the life insurance industry in general -- or so the thinking goes regarding MetLife, which is down more than 27% year to date.
People aren't flying because of coronavirus concerns, so that isn't good for the airline industry -- and that must mean the same for Air Lease, right? The aircraft leasing company is down 40% for the year.