Prudential Financial, Inc. (PRU)

111.37
0.41 0.37
NYSE
Prev Close 111.78
Open 113.06
Day Low/High 111.37 / 114.90
52 Wk Low/High 77.27 / 117.96
Volume 684.48K
Exchange NYSE
Shares Outstanding 378.00B
Market Cap 41.92B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Bids and Borrows

I am bidding for Northwest Bancshares, Ford and Potash, and I am shorting more Prudential. I am bidding $13.75 for Northwest Bancshares (NWBI), $16.75 for Ford (F) and 32.50 for Potash (POT). I am shorting more Prudential (PRU) at $88.25.

From the Street of Dreams

Prudential receives a downgrade from Deutsche Bank. Deutsche Bank lowers Prudential Financial (PRU) from Buy to Hold.

Prudential downgraded at Deutsche

Sticking With Prudential Short

This is despite the dividend increase. I am sticking with my Prudential (PRU) short despite the dividend increase.

Looking at Life Insurer Shorts

They should do well, pending bond yields falling back. If bond yields fall back as I expect, Friday's shorts of Prudential (PRU), MetLife (MET) and Lincoln National (LNC) should fare well.

Morning Market Look

Let's take a look at the overnight and early-morning price action in the major asset classes. The rundown: S&P futures and Nasdaq futures are flattish; Japan is up 1.3% (telecoms, basic materials, tech, industrials, consumer goods, and health care a...

Together Again

I am short three old favorite life insurers. I have shorted starter positions in three old favorites: Lincoln National (LNC) at $48.98, MetLife (MET) at $50.15 and Prudential (PRU) at $87.51. The stocks could suffer if the yield on the 10-year U.S. ...

Prudential's Impressive Breakout

Prudential's Impressive Breakout

Sideways no more.

Reading This Fed Rotation

Reading This Fed Rotation

Keeping up with the insanity.

Failing Financials

They include the life insurers and discount brokers. Life insurers Prudential (PRU), Lincoln National (LNC), MetLife (MET) and others, objects of my recent disaffection (though, I proceeded to cover the shorts), are down again today after falling ye...

Jerk of the Week Award

And the award goes to my premature covering of Microsoft's shares. Navin R. Johnson (Steve Martin): The new phone book's here! The new phone book's here! Harry Hartounian (Jackie Mason): Boy, I wish I could get that excited about nothing. Navin R. J...

More Stock for the Jerk Store

Hindsight is 20/20. With the benefit of hindsight, I made a mistake in covering the life insurance stock shorts -- Prudential (PRU), Lincoln National (LNC), MetLife (MET) -- as well as my Danaher (DHR), Yahoo! (YHOO) and Grand Canyon Education (LOPE...

Stopped Out of Life Insurance Shorts

Discipline trumps conviction. I have stopped out my losses in the Prudential (PRU), MetLife (MET) and Lincoln National (LNC) shorts. They are all overvalued, but discipline trumps conviction at times.

Levels

Currently, only three out of 86 stocks that I have mentioned in my diary are eligible to buy. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the configuration of the apartment. Yo...

Insurance Stocks a Good Risk

Insurance Stocks a Good Risk

Rising interest rates are buoying company returns and values.

Life Insurers Are Down

I pressed my shorts in the sector this morning. Looks like the first day down in a while for the life insurers today. I pressed small during the morning on my shorts.

Short Book

Here it is. I am very light on the long side now. Here is my current short book (individual equities only): Berkshire Hathaway (BRK.B), McDonald's (MCD), Schwab (SCHW), Morgan Stanley (MS), Yahoo! (YHOO), Home Depot (HD), Lowe's (LOW), Grand Canyon ...

Levels

Currently, only two out of 85 stocks that I have mentioned in my diary are eligible to buy. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the configuration of the apartment. You'...

Where Things Are Heading

Look for a dead-cat bounce in bond-equivalent stocks and for a correction in select financials. I expect a dead-cat bounce in bond-equivalent stocks (consumer staples, higher dividend yielders). I also anticipate certain sectors that have benefited ...

Early-Morning Market Look

Let's take a peek at overnight and early market action in a number of asset classes. Oh, somewhere in this favored land the sun is shining bright; The band is playing somewhere, and somewhere hearts are light, And somewhere men are laughing, and som...

Today's Trades

I've been busy today. Today's doings: I just added to my SPDR S&P 500 ETF Trust (SPY) short at $162.06. I am expanding my Prudential (PRU), MetLife (MET) and Lincoln National (LNC) shorts now. I added to my Monitise (MONI.L) and ProShares UltraShort...

Three Favorite Shorts

I have reshorted Prudential, Lincoln National and MetLife. Based on my view of market vulnerability and the prospects that the yield on the 10-year will move lower, I have reshorted Prudential (PRU) at $73.43, Lincoln National (LNC) at $37.25 and Me...

Four More Shorts Covered

Namely, Danaher, Lincoln National, MetLife and Prudential. More covers: I am also covering Danaher (DHR), Lincoln National (LNC), MetLife (MET) and Prudential (PRU) now.

Short Book

Here's a look. I remain short the following names: SPDR S&P 500 ETF Trust (SPY), iShares Russell 2000 Index Fund (IWM), PowerShares QQQ (QQQ), Berkshire Hathaway (BRK.B), Danaher (DHR), Fastenal (FAST), Morgan Stanley (MS), Goldman Sachs (GS), Linco...

Portfolio Review

Here's a look at my current positions (long and short). I am long ProShares UltraShort Russell2000 (TWM), Monitise (MONI.L), SPDR Gold Trust (GLD), Chimera (CIM) and Northwest Bancshares (NWBI). I am short Berkshire Hathaway (BRK.B), Danaher (DHR), ...

Overpriced

Life insurance and brokerage stocks remain among the most overpriced sectors to this analyst.

That Was the Week That Was

Let's review. My look back at the week's daily diary highlights borrows its title from a popular 1960s BBC comedy show hosted by David Frost. I began the week by keeping a close eye on the economy and summarized that data have been disappointing. Wh...