Radian Group Inc. (RDN)

23.19
0.13 0.56
NYSE : Finance
Prev Close 23.32
Open 23.15
Day Low/High 23.01 / 23.24
52 Wk Low/High 14.78 / 24.62
Volume 498.61K
Avg Volume 1.21M
Exchange NYSE
Shares Outstanding 203.28M
Market Cap 4.65B
EPS 2.80
P/E Ratio 8.03
Div & Yield 0.01 (0.04%)

Takeaways and Observations

  Every single market indicator I look at is overbought.  But it's likely that shorts and underperformers are buoying stocks.  Some are at the most overbought in decades.  The bond market is clearly not as sanguine on economic growth/corporate profi...

Market Bends but Doesn't Break

While I was away this afternoon, the market bent a bit but didn't break.  I would describe the post-noon trading hours as relatively meaningless and "uneventful."  * Bonds improved in price -- yields dropping by four to five basis points. The 10-yea...

Checking Out Some of My Longs

Oaktree Capital Group continued its leafy growth, spurting another $0.75 to $45.70 on Friday. The shares now have risen from about $37 near year-end. For those with a shorter time frame (of less than six to 12 months) some profit taking may be in or...

Recommended Reading

"How do you weigh the risk of volatility versus the reward of profitable investment? Do you have to avoid the stock market altogether because we have a president with a different, more emphatic and less predictable style, or can you find a way to ma...

Some Brief Observations on the Day

Some brief observations on the day:   Apple  stole the show. Without AAPL, the market would have had a much different character. (Read: More negative). Today had something for everyone. For the bears, there was a clear reversal (becoming a bit more ...

My Takeaways and Observations

We are likely in a Trump-centric investment world in 2017.   My theme that the president will make market volatility and uncertainty great again, continues.    Consider the contrary, Part Deux.    Mo' gold and I will accumulate under any weakness go...

My Takeaways and Observations

Risk happens fast.    Is the presidential honeymoon over? One of the 10 questions I asked myself today.    "The Return of the Orange Swan?"    Has Boca Biff done it again? Another top call?    Ten questions. In particular, read my comments on Steve ...

My Takeaways and Observations

"The Dow hit 20,000 and I am proud of it ... Now we have to go up, up, up. It's gone up a lot since I won. We hit a number that has never been hit before. So, I am very honored." --President Donald Trump, ABC interview Wednesday night If the market ...

Radian Group Hits the Number

Radian Group hits my fourth-quarter estimate to the penny! More to come.

The Good, the Bad and the Ugly (Early Afternoon Edition)

"You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig. You dig." -- Blondie, "The Good, the Bad and the Ugly" Here's a quick review of today's market action at 3 p.m. (we are at daily highs with buy...

Trump Should Benefit Private Mortgage Insurers

"Do you share my concern that this massive, explosive growth in the FHA's mortgage guarantees had interfered with a viable private alternative that does not involve taxpayer risk at all?" --Sen. Pat Toomey, R- Pennsylvania, during Dr. Ben Carson's c...

My Takeaways and Observations (Early Edition)

I had my most active day of the year trading. It was also my most profitable.   Regardless of one's market view, I continue to see more opportunities on the trading side vs. the investing side in the months ahead.   I started the day with a story re...

MGIC Beat Portends Good Things for Radian

A large earnings beat by private mortgage insurer MGIC relative to expectations likely will move Radian Group well above its recent high.

New Highs for 3 Stocks on My Best Ideas List

New highs in three (long) Best Ideas List: Radian , Hartford Financial and Campbell Soup .   Mmm mmm good!

Break In: Radian is Radiant

An Inside Mortgage Finance report that Dr. Ben Carson (the soon-to-be secretary of Housing and Urban Development) plans to rescind the recent mortgage insurance premium (MIP) cut is moving all the private mortgage insurers higher now, including my f...

My Takeaways and Observations

I have a series of meetings this afternoon and tomorrow morning so I want to get "Takeaways" out early today. I started with what I think is an important opening missive, "Wary in an Uncertain World" in which I covered a number of bases. I truly bel...

My Takeaways and Observations

"I don't feel Tuesday...Tuesday has no feel." -- Seinfeld  I started the day with some food for thought -- on the changing channels of retail distribution. In this opener please pay some attention to not only the ramifications for retail stocks but ...

Reviewing My Investment Troops

* Allergan (my fav large-cap long for 2017) remains the "world's fair" and market leader. Now up $25 a share above my initial purchase price. * Caterpillar (my fav large-cap short for 2017) looks like it could be rolling over. In part, competitor De...

Reviewing My Investment Troops

Allergan (updated earlier ) up by another six beaners (that's up $6 to those that understand my slang) to over $221.80. This favorite large-cap stock for 2017 was put on my Best Ideas List (only recently) in late December at $194. Some normal profit...

My Takeaways and Observations

I love gold.    Trade of the Week -- short Apple at $116.15. (The SoftBank investment is a non-event).   Dwyerama is chillin' and I am re-establishing my ProShares UltraShort S&P500 ETF  long -- back in a revolutionary mindset.    As January goes......

Reviewing My Investment Troops

Some morning observations: The Mighty Oak -- Oaktree Capital Group -- is regaining some leaves as it is up $1.20 for the second up day in a row. I surmised that tax selling held the shares back in December; perhaps I was on the right track! Radian G...

My Takeaways and Observations (3:30 p.m. Edition)

The markets started the day like Usain Bolt at the start of a 100-meter race. But, unlike Bolt, the finish wasn't as strong as the start.   I thought one of the day's features was the reversal in bond yields, particularly after the good data.    The...

My Takeaways and Observations (3 p.m. Edition)

Is it Friday, yet? My annual tribute to "El Capitan."    Tech drek?!!!???!    Hope? Nope! (1) Part 1 (2) Part II (3) Part III   Palm Beach Chronicles (Issue #2 Supplement)    You know what I am shorting; here is what I am buying.    Stocks meandered...

My Takeaways and Observations

"Be true to your teeth so they won't be false to you." -- Soupy Sales Have we entered a post-fact investment world?    I moved to large ProShares UltraShort S&P500 ETF   position as my freak flags show again. Viva La Revolucion!    Good stuff from t...

My Takeaways and Observations

More of the same -- as Mr. Market remains enthusiastic with The Orange Swan and his contemplated policies aimed at catalyzing domestic economic growth.   But, with fear and doubt having left Wall Street, we may be reaching The Outer Limits. And I ha...

My Takeaways and Observations (2:45 p.m. EST edition)

"First gear, it's all right (Honda, Honda, go faster, faster) Second gear, I'll lean right (Honda, Honda, go faster, faster) Third gear, hang on tight (Honda, Honda, go faster, faster) Faster, it's all right." -- Beach Boys, "Little Honda"  With a b...

A Tight Consensus Is Often a Red Flag

Nowhere is the bullish consensus as ubiquitous as in the financial space and in bonds -- that is, being long bonds and short fixed income.   As an example, over the weekend there were eight references to over-weighting banks in Barron's.   I current...

Radian Group Looks Ever More Radiant

The prospects for the private mortgage insurance industry and that of Radian Group are improving markedly. In the case of Radian, the company's default inventory and loss ratio are making noticeable strides, thus producing better-than-expect generat...

My Takeaways and Observations

Slow day, at meetings all morning.   Despite the strength in our currency (and its adverse implications on multi-national profitability), there was no follow-through to yesterday's schmeissing.   I reflected on my July call that we have hit a Genera...

Deutsche Bank Feels Good About Radian

I failed to mention that Deutsche Bank raised its price target to $20 for Radian Group yesterday.