Lincoln National Corporation (LNC)

2.70 3.80
Prev Close 70.53
Open 70.56
Day Low/High 67.63 / 70.61
52 Wk Low/High 44.59 / 77.57
Volume 1.63M
Exchange NYSE
Shares Outstanding 180.71B
Market Cap 12.90B
P/E Ratio 13.07
Div & Yield N.A. (N.A)
Growth Seeker Portfolio: Uncertainty, Gridlock Threaten Markets

Growth Seeker Portfolio: Uncertainty, Gridlock Threaten Markets

Troubles on Main Street, Wall Street and in Washington Aren't Going Away Soon.

My Takeaways and Observations (Early Edition)

I have been warning about weakening breadth and narrow leadership for weeks and months.   What have we gotten? Eight straight days (in a row) down for the first time since 2008.   But, with stocks suffering from election uncertainties and given the ...

My Takeaways and Observations

"It's not the news that counts -- it's how the stock market reacts to the news that counts." -- Richard Russell (hat tip to Sir Jeff Saut for the source of the quote) The above quote filled my head most of the day (General Motors , Ford , Caterpilla...

My Takeaways and Observations (Early Edition)

Don't get excited by Take Under Monday.   The technical picture is mixed.    A stronger U.S. dollar presents multi-national vulnerability. This is consistent with Goldman Sachs lowering their three-year S&P 500 profits picture.    Peak Sports Viewer...

Adding Some Shorts on Intraday Rally

On the intraday rally I have added to the following shorts: Apple  , Metlife , Lincoln National and Caterpillar .

My Takeaways and Observations

"And when I see the sign that points one way The lot we used to pass by every day Just walk away Renee You won't see me follow you back home The empty sidewalks on my block are not the same You're not to blame." -- Left Banke, Walk Away Renee Renee ...

The Latest Skinny on Life Insurers

Recent shorts in life insurers MetLife and Lincoln National have worked out great over the last week. However, my long in Hartford Financial Services Group is not so great, bidding $42.60 now.

My Takeaways and Observations

The media is not the message. With a little help from Johnny Mercer, did you know he founded Capitol Records?   This is serious folks -- I see less of a reason to have an outsized long portfolio than at any time since Winter 2007. The market outlook...

So Far, So Good

We are being rewarded today by yesterday's Lincoln National and MetLife shorts as well as buys of SPDR Gold Shares and J.C. Penney  .

My Takeaways and Observations

Busy day writing but not trading today!   Peak Berkshire! Well, it is not your father's Berkshire Hathaway !!    I am proud of my non-consensus Twitter flying solo call yesterday, which was a risky statement and was ahead of analysts and the general...

Adding to 2 Insurance Shorts

My shorts have moved this morning from small to medium in size in Lincoln National ($49.70) and MetLife ($48.00). I like the entry points.

Refreshing My Strategy For The Near Term

Bank and insurance company shares have had a spirited advance this week based on better-than-expected U.S. economic data and talk of the ECB tapering its QE.   Bonds have declined in price, and yields have risen to multi-week highs.   Given my negat...

My Takeaways and Observations (Early Edition)

Staying real, being transparent and honest. I made an important tactical move this afternoon -- close to the day's low. Talking Deutsche Bank in my Diary and in Barron's, I expect a capital raise (possibly rights offering, after a DOJ settlement).  ...

My Takeaways and Observations

It was a nostalgic morning. A 20th anniversary.  My first TST column in 1997.  There was no rest for the weary as the crude and oil markets turned on a dime after OPEC announced a production cut. I, Jim Cramer and others are skeptical about this - s...

A Good Day to be Short

My Takeaways and Observations   A good day for the dark side.   Sell in September or Get Dismembered (Part Trois!). Those bulls who were self-confident last Wednesday couldn't be seen today ... or Friday. Predictable.   Regardless of the winner, my ...

A Wonderful Pairs Trade

Here's a wonderful pairs trade for today: Long Hartford Financial Services Group /Short Metlife and Lincoln National .   I plan on discussing some more pairs that I am involved with in the weeks ahead as it's a great way to have exposure in a possib...

My Takeaways and Observations

I don't like this market one lick. Green eggs and stocks -- neither rocks. I further expanded my short exposure today. Viva la revolution!  In 1969 at the Woodstock Music Festival I was screaming "no rain." In 2016 I am chanting no rate rise this ye...

My Takeaways and Observations

If today was a song it would be Cream's "Strange Brew."  As examples: Oil is lower yet energy stocks -- including my shorts Exxon Mobil and Schlumberger -- are higher. Treasury yields are lower and the yield curve flattens, yet banks and financials ...

Trade of the Week: Go Long on Hartford Financial

Let's make a long of Hartford Financial this week's Trade of the Week. I've been recently adding to my HIG long, adding a shorter-term "trading long" of the stock to my longer-term "investment" position in it. (I did something similar with my short ...

Buying More Hartford Financial

I'm picking at more shares of Hartford Financial this morning. Click here to read my recent thesis for remaining long on the stock. I think an expected rise in rates could also serve as a short-term catalyst for HIG. (Note that bond yields were init...

Life Insurers Are Croaking

With the Bank of England easing monetary policy today, I'd like to point out that life insurance is the most-exposed sector to lower rates. (The second-most-exposed one is banking). Frankly, the "float" ain't what it used to be for insurers, while r...

Why I'm Still Big on HIG

I'm aggressively adding to my long of Hartford Financial despite the stock's 8.6% pullback in the wake of last week's large second-quarter earnings miss. Hartford reported $0.31 in second-quarter earnings per share last Thursday after the bell, fall...

Insurance Stocks: Trouble With the (Yield) Curve

Insurance Stocks: Trouble With the (Yield) Curve

Investors may finally be catching up to it.

Taking In Several Shorts

I'm down to tag ends on the following shorts: The "B" shares of Berkshire Hathaway   Coca-Cola Fastenal Foot Locker Lincoln National MetLife Netflix Nordstrom Starbucks Walt Disney Co.

Lincoln Financial downgraded at Goldman

My Takeaways and Observations

I made my second generational low call in seven years today. Peak Bonds. And a generational low in yields has possibly been reached. Peak Greed! Buyers live higher and sellers live lower in a marketplace dominated by machines and algos. Price moment...

My Takeaways and Observations

One note to start: I constantly try to be ahead of Group Stink, which is pervasive in the business media, and if I am not, please inform me! I don't want to write the obvious or mimic consensus through a rear-view mirror. That would not be value-add...

My Takeaways and Observations

The 10-year U.S. note yield hit 1.35% this morning, the lowest level since 1953. Raise your hand if you think this is a bullish signpost for the global economy. (I don't see many hands being raised!) With the U.S. dollar strengthening and corporate ...

My Takeaways and Observations

My month was made by Double D's comments, and I mean it.  At my core I am a softie, and D's sweet words tugged at my heart. I shared them with my family. Bottom line to me on the markets: This week's events reset global economic and profits growth l...

My Takeaways and Observations

My 3 a.m. project this morning: I am not banking on banks. Today's stock performance could be a tad disquieting to bank bulls, though not conclusive (it's only one day!). Citigroup (C) and Bank of America (BAC) were barely higher on the day. To me, ...