Radian Group Inc. (RDN)

23.95
NYSE : Finance
Prev Close 23.78
Day Low/High 23.79 / 24.16
52 Wk Low/High 14.78 / 24.62
Avg Volume 1.29M
Exchange NYSE
Shares Outstanding 203.28M
Market Cap 4.83B
EPS 2.80
P/E Ratio 8.16
Div & Yield 0.01 (0.04%)

Takeaways and Observations

The markets moved lower from the "get go," though about the time Sixty Minutes was on last evening the S&P 500 futures were up 10 handles. (Futures closed down 2.5 handles)   Perhaps this is the start of a well due correction. Apropos, here is the q...

I Like to Watch

"I like to watch, Eve." -- Chauncey Gardiner, Being There Beyond longs, DuPont  and Radian   , a couple of other investment longs (Hartford Financial  and Campbell Soup  ) are conspicuously higher in a weak tape ... not so much for JC Penney  , in a...

Isn't It DuLovely?

We're seeing new recent highs in Best Ideas List inclusions DuPont and Radian Group .  I'm not selling a share.

Radian is Radiant (Part Deux)

Radian is making a "run for the roses," again today, rallying by another 5%. The shares are now up 70% since being put on my Best Ideas List in July 2016. I am not selling a share -- working through some new forecasts. I like what I see and will be ...

My Takeaways and Observations

Was yesterday "FOMO" or something else?    I waited and then moved on the volatility trade.    "How many syllables Mario?" (A Putney Swope reference!)    Wall Street is now a fear-free zone.    Mark Hanson on negative homeowners' equity.    Shorted ...

Radian Pops 50% Since Getting on 'Best Ideas List'

Radian trades through $16, a gain of 50% since being put on our Best Ideas List this year.   Updating my spread sheets now -- be back on this.   Not selling a share.

FOMO ... or Something Else?

"What if everything is an illusion and nothing exists? In that case, I definitely overpaid for my carpet." --Woody Alllen The magnitude of the market advance yesterday surprised me and many others. After a one-week sideway consolidation from an over...

Radian Climbs to New High

New high ($15.12) for Radian . Now up 50% since being put on my Best Ideas List at $10 in early January. I will have a positive update on the company in the next few days.

My Takeaways and Observations

What a strange day -- maybe even ominous.   This table tells it all.    The divergences I have been mentioning this week intensified today, with the technology-laden Nasdaq taken out to the shed and the Russell 2000 Index trading lower for the third...

My Takeaways and Observations (2 p.m. Edition)

"Takeaways" is early today as I have to prepare for two company meetings tomorrow morning.   I am seeing signs of some exhaustion after the vigorous two-week advance in the markets -- especially in the "league-leading" Russell Index. The Russell wil...

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

It may be time to embrace the contrary.    First issue (!!): The Palm Beach Chronicles.   My weekly (brief) technical review of the markets -- cooling off ahead?    BTIG's Stockton is bullish and so, as I have expressed, are most others!   Campbell ...

My Takeaways and Observations (2:30 p.m. Edition)

For now the run has been easy. But, from my perch, going forward it may not be as much fun, it wont be easy.    Changing leadership in a Trump world.    Trade of the Week -- shorted iShares Russell 2000 Index ETF at $131.50.    West Coast housing im...

My Takeaways and Observations

"Today I am asking myself ... Did the FANG names just peak the way iShares NASDAQ Biotechnology Index ETF IBB did in 2015 and Energy Select Sector SPDR ETFXLE did in 2014? The S&P 500 Index kept rising, but those two groups were done!"  -- Kass Diar...

My Takeaways and Observations

"I have no doubt that Anthony Weiner's name is irrefutable proof of the existence of God and that he has a wicked sense of humor!" -- My Thought of the Day  For the Cleveland Indians or the Chicago Cubs it will be Heartbreak Hotel tonight.    For Mr...

My Midday Takeaways and Observations

Here are my midday takeaways and observations: A couple more days like this and the December rate hike by the Federal Reserve will be off the table. Respectfully, as Grandma Koufax might say to my Republican friends, "As far as the market goes, be c...

Content to Run a Low-Hurdles Race

"After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them. To the extent we have been successful, it is because we concentr...

Radian Group Even More Radiant Than Before

Radian Group's third-quarter results easily beat expectations.  Given the size of the beat (5%) and the 40% growth in new insurance written, I am raising my earnings estimates for this year from a range of $1.45 to $1.50 a share to $1.55. My 2017 es...

Radian Earnings Glow

Radian Group reported adjusted earnings of $0.41 a share, taking out nonrecurring expenses, for a two-cent beat (or 5% ahead of consensus). Net insurance written of $15.7 billion was the highest quarterly billings in history for the mortgage insurer...

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...

Mr. Market Coming Off Session Lows

Back from an excursion to buy some sod and plants (for a project this afternoon) to see Mr. Market at the day's lows, though perhaps my purchase is aiding Home Depot (up $1.33 in early afternoon trading!).   Trade of the Week, ProShares UltraShort S...

The Good, the Bad and the Ugly

"I've never seen so many men wasted so badly." -- Blondie in The Good, the Bad and the Ugly." And now it's time to run down "The Good, the Bad and the Ugly" ...   The Good The market was up from the get-go. (T)FANG is the world's fair. High beta was...

MGIC Earnings Beat Gives Radian a Boost

Private mortgage insurer MGIC Investment recorded a large quarterly five-cent beat ($0.25 vs. $0.20 consensus estimate); its shares are up 3% this morning. This is helping the shares of Radian Group , which is reporting on Oct. 28, move to new recen...

Analyst Actions

BMO downgrades JPMorgan Chase to neutral. Buckingham lowers Potash to market weight. Bankamerica initiates Radian Group with a buy. Keefe lowers Wells Fargo to market perform.

My Takeaways and Observations

I met with three companies this morning; alas, all uninteresting from a research standpoint. Fubar! Apple was a star. I am short and got shorter today. The momentum chasers who hated the shares at $103 now love them at $113 despite the technical res...

My Takeaways and Observations

Phew! One can't apply rational analysis to the daily price action any more. As I wrote yesterday and this morning, the only certainty to me is the likely increased volatility ahead. At least based on the last two days, I apparently was a master of u...

Breaking Bad (Part Deux)

"As I do every morning, please begin your day asking the following key questions: In a paperless and cloudy world, are investors and citizens as safe as the markets assume we are? In a flat, networked and interconnected world, is it even possible fo...

Thursday's Takeaways

A lot of good stuff and volume of ideas (I hope you agree!) in my Diary and elsewhere on our site today. I took a few bites of Apple in my opening missive. (My view has been consistent - sell/short Apple, don't own Apple). The Good, The Bad and The ...

The Long (Radian Group) and Short (Starbucks) of It

Radiant Radian: Our Radian Group long is now up 40% in two months; it appears to be breaking out technically. Here is my bullish thesis of this Best Ideas List member. No Thanks A Latte: By contrast, Starbucks , a short, is breaking down despite How...

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 ...

Strange Brew

"She's some kind of demon messin' in the flue. If you don't watch out it'll stick to you, To you. What kind of fool are you? Strange brew -- killin' what's inside of you." -- Cream, Strange Brew DuPont and Radian are hitting multi-month highs as the...