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Tag: MET

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    Key US stock index futures are mostly lower on Wednesday, while traders await the results of the US Senate elections and the announcement of the official results of the presidential elections in the country, trading data showed.

    Future for the Dow Jones Industrial Average (DJIA) grew by 0.13% – to 30325 points, on the NASDAQ high-tech index – decreased by 2.19%, to 12,513.88 points, on the broad market S&P 500 index – by 0.51%, to 3699.38 points.

    Investors are closely following the US Senate elections. According to NBC News, Democrat Rafael Warnock wins the second round of Senate elections in the US state of Georgia. Democrats need to win both Senate seats from Georgia in order to gain control of the US Senate after the House of Representatives and strengthen the capacity of the future Joe Biden administration to conduct domestic politics.

    At the same time, analysts believe that the victory of the Democrats in the Senate elections could have a positive effect on the market. The “Blue Wave” (Senate Democratic advantage – ed.) Could be a good outcome for the markets as strong stimulus measures will help accelerate the economic recovery, “said Vasu Menon, senior investment strategist at OCBC Bank Wealth Management, whose opinion also leads the agency.

    Today Top Movers

    Aurora Cannabis Inc (ACB), a Drug Manufacturer company, soared about 17.94% ‎at $11.44 in pre-market trading Wednesday.‎

    Sundial Growers Inc (SNDL) share price jumped 23.56% to $0.67 during early morning ‎trading session on Wednesday.‎

    9 Meters Biopharma Inc (NMTR) stock increased 25.23% at $1.34 in the pre-‎market trading today.

    IsoRay Inc (ISR) gained over ‎254.38‎% at $1.88 in pre-market ‎trading on Wednesday after receiving clearance from U.S. Food and Drug Administration (FDA) ‎for the use of C4 Imaging’s Sirius positive-signal MRI (Magnetic Resonance Imaging) Markers with Isoray’s Cesium-131, brachytherapy seeds.

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Cirrus Logic Inc. (CRUS), upgrading the stock to “Overweight” and assigning a $100.0 price target, representing potential upside of 15.79% from Tuesday’s close.

    MetLife Inc. (MET) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $52.0, suggesting 11.47% additional upside for the stock.

    J.B. Hunt Transport Services Inc. (JBHT) received an upgrade from analysts at Citigroup. They changed their rating on JBHT to Buy from Neutral in a recently issued research note.

    Earlier Wednesday RBC Capital reduced its rating on Perrigo Company plc (PRGO) stock to Sector Perform from Outperform and assigned the price target to $49.

    Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for American Electric Power Company, Inc. (AEP) has been changed to Equal-Weight from Overweight and the new price target is set at $88.

    Analysts at B. Riley Securities downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Neutral from Buy Wednesday.

    Latest Insider Activity

    fuboTV Inc. (FUBO) 10% Owner COMCAST CORP announced the sale of shares taking place on Dec 31 at $30.06 for some 500,000 shares. The total came to more than $15.03 million.

    Intercept Pharmaceuticals Inc. (ICPT) CFO and Treasurer Kapadia Sandip sold on Jan 05 a total 23,764 shares at $24.47 on average. The insider’s sale generated proceeds of almost $53663.

    Gritstone Oncology Inc. (GRTS) Director Woiwode Thomas declared the purchase of shares taking place on Dec 30 at $3.71 for some 1,347,709 shares. The transaction amount was around $5.0 million.

    Tonix Pharmaceuticals Holding Corp. (TNXP) Chief Executive Officer LEDERMAN SETH bought on Dec 30 a total 118,267 shares at $0.68 on average. The purchase cost the insider an estimated $23,800.

    Important Earnings

    Top US earnings releases scheduled for today include The Simply Good Foods Company (NASDAQ:SMPL). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.21 per share from revenues of $209.72M in the three-month period.

    Analysts expect The Greenbrier Companies Inc. (NYSE:GBX) to report a net income (adjusted) of -$0.07 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Nov 2020 is predicted to come in at $481.03M.

    Resources Connection Inc. (RGP), due to announce earnings after the market closes today, is expected to report earnings of $0.19 per share from revenues of $153.32M recently concluded three-month period.

  • Top 7 Best Stock Of Insurance Industry For September 2020

    Top 7 Best Stock Of Insurance Industry For September 2020

    The life insurance industry is continuously changing and there is a need for the insurer to align better with the emerging new business environment. Managing customer preferences & enhancing operational efficiencies is the challenging task in Insurance Life Industry in the current period. With the emergence of new technologies, customers now looking for more holistic services which mean insurers must rethink their strategies. New competitors, demanding customers, and new obstacles with the passage of time are transforming the life insurance industry.

    Consumers are looking for those organizations which pay attention to their problems and offer them solutions and those industries that achieve clients’ satisfaction put themselves in the driver’s seat. The client is considered an important growth factor within the life insurance industry. The needs & expectations of clients are rapidly increasing so here the question arises: How can insurers adapt to customers’ new demands?

    To find the answer to this question let’s take a quick look at these top 7 leading life insurance companies:

    Genworth Financial Inc. (NYSE: GNW)

    Genworth Financial Inc. (NYSE: GNW) shares were trading down -2.26% at $3.46 at the time of writing on Friday. Genworth Financial Inc. (NYSE: GNW) share price went from a low point around $1.87 to briefly over $4.93 in the past 52 weeks, though shares have since pulled back to $3.46. GNW market cap has remained high, hitting $2.10B at the time of writing, giving it a price-to-sales ratio of more than 0.

    Genworth Financial Inc. has earlier disclosed the details of its pending transaction with China Oceanwide Holdings Group Co. Ltd. Genworth and Oceanwide agreed to an additional interim milestone whereby Oceanwide would confirm by August 31, 2020, its progress towards funding the transaction. GNW said that Oceanwide has clearly explained the funding plan an now there is no need to terminate the merger agreement.

    If we look at the recent analyst rating GNW, Wells Fargo resumed coverage on GNW shares with a market perform rating and a $3.50 price target, which implies room for 0.04% upside momentum this year.

    MetLife Inc. (NYSE: MET)

    MetLife Inc. (NYSE: MET) last closed at $39.15, in a 52-week range of $22.85 to $53.28. Analysts have a consensus price target of $45.27. MetLife Inc. (MET) has traded up 71.33% from its 52-weeks low and traded down -26.52% from its 52-weeks high. Looking at its market capitalization, its market cap hit $34.67 billion at the time of writing. Its Q2 operating Margin of 2020 missed Zacks consensus estimate as it has reported the operating earnings of 83 cents per share.

    Aflac Incorporated (NYSE: AFL)

    Aflac Incorporated (NYSE: AFL) stock soar by 2.49% to $37.86. The most recent rating by RBC Capital Mkts, on March 20, 2020, is at a Sector perform. Aflac Incorporated (AFL) announced it will participate in the virtual KBW Insurance Conference on September 9. Aflac has celebrated the 25-year commitment to helping families facing childhood cancer during national childhood awareness month. Its market capitalization has remained high, hitting $26.34 billion at the time of writing.

    Prudential Financial Inc. (NYSE: PRU)

    Prudential Financial Inc. (NYSE: PRU) last closed at $69.71, in a 52-week range of $38.62 to $97.24. Analysts have a consensus price target of $71.36. Prudential Financial Inc. (PRU) has announced an investment of $140 million in the Dayton Power and light company. Prudential Financial market capitalization has remained high, hitting $26.86 billion at the time of writing.

    CNO Financial Group Inc. (NYSE: CNO)

    CNO Financial Group Inc. (NYSE: CNO) stock soar by 2.92% to $17.27. The most recent rating by Piper Sandler, on September 01, 2020, is at an Overweight. CNO Financial Group Inc. and Bankers Life disclosed it is giving assistance to the Alzheimer’s Association this year with $332,000 for Alzheimer’s care, education, and research programs. CNO Financial has a market capitalization of $2.38 billion at the time of writing.

    Lincoln National Corporation (NYSE: LNC)

    Lincoln National Corporation (NYSE: LNC) rose 7.15% after gaining more than $2.55 on Friday. Lincoln National Corporation (LNC) announced that it will participate in Keefe, Bruyette & Woods Virtual Insurance Conference on September 9, 2020. It has a total market capitalization of $6.89 billion at the time of writing.

    Unum Group (NYSE: UNM)

    Unum Group (NYSE: UNM) Shares headed rising, higher as much as 8.21%. The most recent rating by BofA/Merrill, on June 01, 2020, is at an Underperform. Unum Group (NYSE: UNM) stock has fluctuated between the low of $9.58 and a high of $31.32. Unum Group market capitalization has remained high, hitting $3.74 billion.