MetLife Inc. (MET)

46.54
0.44 0.95
NYSE : Finance
Prev Close 46.10
Open 46.55
Day Low/High 46.40 / 46.76
52 Wk Low/High 37.76 / 51.16
Volume 4.36M
Avg Volume 6.24M
Exchange NYSE
Shares Outstanding 936.45M
Market Cap 42.98B
EPS 5.00
P/E Ratio 7.57
Div & Yield 1.76 (3.72%)

Takeaways and Observations

My thanks to James Gentile for substituting for me yesterday. Here are my takeaways and observations from yesterday's session: It was Groundhog Day on Wall Street again. We finished down, but well off of the session lows. I did no trading. The U.S. ...

My Takeaways and Observations

Chart gazing.  The disappointing jobs report could be a precursor to stagflation and a garden-variety recession in late 2016/early 2017.   I sold my SPDR S&P 500 ETF (SPY) puts near the intraday low as time was running out (expiration in two weeks) ...

My Takeaways and Observations

Venezuela is the new Greece.  Icahn goes for some Allergan (AGN) -- a name of mine -- but his impact is muted after missteps in the energy space and elsewhere.   Nobody likes short people,  but I grow shorter daily. (Note: We got little hands and li...

Fed Eyes Lower Costs for Systemic Insurers Prudential, AIG

Central bank governor Daniel Tarullo outlined some details for big 'systemically important' insurers but assured that compliance charges will be much lower those imposed on banks.

Mel Brooks and the Markets

Moses (played by Mel Brooks): "The Lord, the Lord Jehovah has given unto you these 15 ... [drops one of three tablets] ... Oy! Ten! Ten commandments for all to obey!" -- History of the World, Part I Wall Street seems like a Mel Brooks film festival ...

2 Portfolios for the Fundamentally Sound

2 Portfolios for the Fundamentally Sound

We offer 10 names each in the Opportunistic Value portfolio and the Income-Oriented portfolio.

My Takeaways and Observations

My explanation for today's market advance (it's as good as anyone's!): Markets were oversold. The S&P 500 held the 50-day moving average. The put/call ratio popped back up.  From here, the key might be to watch what other asset classes rally with eq...

The Market's Bullish vs. Bearish Factors

From my perch, the four key variables that affect stock prices are fundamentals, inflation/interest rates, valuation and investor sentiment. Two of these four are cooperating with the bears right now: Fundamentals. These are weak and weakening. Peak...

My Takeaways and Observations

Nyquist can now win The Triple Crown. Effortless win. I had a fun interview with Boston Red Sox fan Thomas Keene on Bloomberg "Market Surveillance."  I mused at the get go.  And one more muse.  I am a disbeliever on the China story and I'm shorting ...

My Outlook for the Market's Major Sectors (Part Deux)

Let's continue with my latest outlook for the market's major sectors. (You can read Part I of my views here.) Consumer Staples The U.S. dollar has recently declined, which is normally good for staples. However, valuations are at historically high le...

My Takeaways and Observations

Mo' Apple (AAPL).  Apple, are you Sirius (SIRI)?  Food for thought from a leading economic voice, Larry Lindsey.  Makes me want to buy gold on weakness! Staying short Tesla (TSLA) and bearish on Elon "P.T. Barnum" Musk.  Thanks for the big response ...

And on the Insurance Front ...

I continue to like the long Hartford Financial Services Group (HIG)/short Lincoln National (LNC)-MetLife (MET) pair trade.

Good News for Our MetLife and Lincoln National Shorts

Large earnings misses yesterday at MetLife (MET) and today at Lincoln National (LNC) and Prudential (PRU) are pressuring the life-insurance sector -- a space I have great disaffection for! LNC and MET are both on my "Best Short Ideas" list based on ...

My Takeaways and Observations

I started the day with an updated and still ursine market update: "Hey, Let's Be Careful Out There."   A new investment short -- England, via iShares MSCI United Kingdom (EWU).  EWU as a short went on my Best Ideas List. Jim Chanos and I are thinkin...

My Takeaways and Observations

My reaction to the Apple (AAPL) interview by Jim "El Capitan" Cramer.  It is amusing to me when many Apple holders and traders in the business media -- previously seeking short-term performance - now seem to rationalize the holding as a long-term in...

Good News for Our LNC, MET and XLF Shorts

Bond prices are moving much higher this morning, while yields are dropping -- something that's weighing on banks and life insurers. As a reminder, I'm shorting both sectors via shorts of Lincoln National (LNC), MetLife (MET) and the Financial Select...

My Takeaways and Observations

I have a routine doctor's appointment at 3 p.m. ET, so "Takeaways" is early today. Why I quit the SDS -- aka ProShares UltraShort S&P 500 ETF (SDS).    My take on the Berkshire Hathaway (BRK.B) shindig.  My diagnosis of Valeant Pharmaceuticals (VRX)...

My Takeaways and Observations

Tech as in Wreck -- with a hat tip to Bill Veeck!  iShares China Large-Cap ETF (FXI) turned out to be an OK "Trade of the Week."  I am sticking with my Peak Autos thesis.  I added to Hartford Financial Services Group (HIG) long; its earnings, though...

My Takeaways and Observations

My opening missive was "Monetary Policy in Wonderland": Central bankers have been effective in delivering a positive outcome in repressing volatility and producing higher financial prices but not in producing rising economic activity. The market bet...

My Takeaways and Observations

Dougie "Debbie Downer" started with ursine comments about Starbucks (SBUX) and China.  China's data is fake, like Elaine told Seinfeld. Hence, my short Trade of the Week, iShares China Large-Cap (FXI). I remain committed to the view that the price o...

My Takeaways and Observations

"And we talked about some old times And we drank ourselves some beers Still crazy after all these years." --Paul Simon, "Still Crazy After All These Years"  A crushing blow, financially and emotionally, for the bears today. The market didn't look ba...

12 Financials to Ponder After JPMorgan Beat

12 Financials to Ponder After JPMorgan Beat

These banks, brokerages and insurers are attractive for investors with a six- to 12-month time horizon.

12 Financials to Consider After JPMorgan Beat

These banks, brokerages and insurers are attractive for investors with a six- to 12-month time horizon.

Adding to Seven Shorts

I added to the following individual shorts today: Caterpillar (CAT), Lincoln National (LNC), MetLife (MET), Starbucks (SBUX), Fastenal (FAST), Disney (DIS) and Comcast (CMCSA)

My Takeaways and Observations

Lessons from Byron Wien and Cole Porter.  But Hussman is even more bearish than me! I "defriended" Facebook (FB) again.  I did little trading today as I was focused on my taxes! High of the days with about seventy minutes to go. What's bad is new an...

MetLife: An Underappreciated Winner

MetLife: An Underappreciated Winner

The insurer surprisingly beat the federal government in court; now it needs to win over investors.

My Takeaways and Observations

Another strong market day.  The issue of taxes was front and center today. Here are some of my takes: My Take on Corporate Taxes  Man Up, Allergan Shareholders  Who Loses in Pfizer/Allergan Deal's Demise?  I remain manifestly bearish, in the belief ...

A Long List of Short Trades

Stocks I'm shorting today (although I live slightly above the market) include Apple (AAPL), Comcast (CMCSA), Exxon Mobil (XOM), Facebook (FB), Goldman Sachs (GS) (again!), Lincoln National (LNC), MetLife (MET), Morgan Stanley (MS), Nordstrom (JWN), ...

Pressing a Fistful of Shorts

I am pressing my life insurance and energy shorts -- Exxon Mobil (XOM), Schlumberger (SLB), Lincoln National (LNC) and MetLife (MET). I am also shorting more Caterpillar (CAT).