Prudential Financial, Inc. (PRU)

110.01
2.42 2.15
NYSE
Prev Close 112.43
Open 112.08
Day Low/High 109.51 / 112.08
52 Wk Low/High 77.27 / 117.96
Volume 2.11M
Exchange NYSE
Shares Outstanding 378.00B
Market Cap 42.79B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Color Me Surprised

I wasn't expecting the insurers to do so well considering the bad press that they are getting. I am surprised that the insurance sector is doing so well today (on a relative basis) considering this New York Times article.

Portfolio Review

Below is a list of my current long and short positions. I am currently long Chimera (CIM), Citigroup (C), Northwest Bancshares (NWBI), SPDR Gold Trust (GLD) and Monitise (MONI.L) And I am currently short SPDR S&P 500 ETF Trust (SPY), iShares Russell...

Trading Places

The life insurance sector is getting schmeissed. Life insurers, yesterday's object of disaffection, are getting schmeissed today.

Portfolio Review

Here is a list of my current long and short positions. I am currently long Chimera (CIM), Monitise (MONI.L), SPDR Gold Trust (GLD), Northwest Bancshares (NWBI) and Citigroup (C). And I am currently short SPDR S&P 500 ETF Trust (SPY), iShares Russell...

Shorting Old Favorites

Namely, life insurers Prudential, Lincoln National and MetLife. Believing as I do that the U.S. economy is decelerating and that the U.S. stock market is overpriced, I have taken small short positions in old favorites Prudential (PRU), Lincoln Natio...

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. Monday began with a song (or my version), "Mr. Market Keeps Singing a Happy Song," in which I summarized fu...

Cashing Out

I have sold out of many long-standing long positions. Today I have sold and eliminated long-standing long positions in the following names: Freeport-McMoRan Copper & Gold (FCX), eBay (EBAY), Disney (DIS), Colgate-Palmolive (CL), Chubb (CB), ExxonMob...

Some Healthy Insurance Stocks

Some Healthy Insurance Stocks

Some of the health insurers have posted strong results in the first quarter.

What's Working Now?

Insurers, hotels and some restaurants are reporting better-than-expected earnings and revenue. By Bret Jensen We saw a solid rally to begin the day on the back of a stronger-than-expected April jobs report and upward revisions of 114,000 jobs to the...

Cheap Stocks Are Still Out There

Cheap Stocks Are Still Out There

This trio of names -- all leaders of Thursday's rally -- proves it.

Prudential Powers Higher

Prudential Powers Higher

A key level is within easy striking distance.

Don't Sleep on Insurers' Strong Move

Don't Sleep on Insurers' Strong Move

It's an unexciting business, but the rally is likely to continue.

Selling Out

Price targets are being met all over the place. I am down to tag ends in Altisource Portfolio Solutions (ASPS), Altisource Asset Management (AAMC), Ocwen (OCN), Ford (F), General Motors (GM), Lincoln National (LNC), Prudential (PRU), MetLife (MET) a...

Prospects Are Improving for Insurers

Prospects Are Improving for Insurers

Several major insurance firms are still selling under book value.  

March Stock Madness

My March Stock Madness contest forecasts the winner among my favorite longs and shorts within a time frame of three to six months. "I'm living the dream." -- Dick Vitale Welcome to my 2013 long/short brackets for March Stock Madness. Unlike the NCAA...

Prudential downgraded at UBS

Market on Close Imbalances

How much to sell? My mavens on the floor of the NYSE see $490 million to sell on the close today. In terms of sectors, there is no buy side at the close. Sell-side sectors include energy at $120 million, consumer discretionary at $65 million and ind...

All Set With Life Insurance

At the time, I'm comfortable with my policy.  Both Prudential (PRU) and MetLife (MET) -- and shortly Lincoln National (LNC) -- have fallen into my eligible to buy areas discussed in yesterday's "Levels" column. But for now I am holding off on buys i...

Levels

Currently, only five out of 77 stocks I have mentioned recently are eligible to buy, down from nine out of 74 in mid-January. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the co...

Market on Close Imbalances

Modest orders at the close. My mavens on the floor of the exchange see modest orders on the close. Sector buys include industrials and information technology at $20 million each. Sector sells include consumer discretionary ($35 million) health care ...

Reducing Insurance Longs

I have further reduced my life insurance holdings. Bonds have reversed higher in price and lower in yield from this morning's ProShares UltraShort 20+ Year Treasury (TBT) sale. As a result of the apparent yield resistance, I have further reduced my ...

Prudential Drops After Earnings Miss

I wouldn't add until it drops to under $54 a share. Prudential (PRU) missed earnings relative to expecations and the stock is dropping (after a very good run). I wouldn't add until it drops to under $54 a share.

Levels

Currently, only nine out of 74 stocks I have mentioned recently are eligible to buy, down from 19 out of 74 in late December. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the co...

From the Street of Dreams

Here's a roundup. Below are some highlights of this morning's analyst action: Microsoft (MSFT) and the auto sector are lowered to Neutral at Morgan Stanley. Deutsche Bank names Amazon (AMZN) its favorite large-cap name in e-commerce (a late call!). ...

Another Late Call From the Street of Dreams

Where the hell have they been? This morning, Goldman Sachs is pushing the notion of a revaluation upwards in the life insurance sector, citing better capital markets, better sentiment for variable annuity sales, regulatory clarity emerging, higher i...

Insurance Salesman

I have taken off more life insurance longs. Per my post on Friday, I have taken off more life insurance longs. Risk/reward is no longer as attractive, and that is what counts for me!

Extended Insurance

The life insurance stocks are now extended.

Closing In

AIG, Northwest Bancshares, GM, Lincoln National, and Prudential are approaching my buy levels. Here are some stocks that are getting close to my buy levels: AIG (AIG, under $34); Northwest Bancshares (NWBI, under $12); General Motors (GM, under $27....

Added to Life Insurance Longs

They include Prudential, MetLife and Lincoln National. Consistent with my short bond position, I have also added to my life insurance longs.