Radian Group Inc. (RDN)

22.46
NYSE : Finance
Prev Close 22.94
Day Low/High 22.39 / 23.22
52 Wk Low/High 14.78 / 24.62
Avg Volume 1.34M
Exchange NYSE
Shares Outstanding 203.28M
Market Cap 4.66B
EPS 2.80
P/E Ratio 8.05
Div & Yield 0.01 (0.04%)

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

All Apple (AAPL) this morning. Here, here and here.  Re-shorted Amazon (AMZN) at $619-$620 yesterday (a good thing) and I'm trying to short more.  Peak Hedge Funds -- more evidence.  The man, the legend: Tattoo!  Tell Me Something I Don't Know.  Dan...

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...

My Takeaways and Observations

Another win today for the bulls.  Started weak, ended flat. I started the day yelling.  I ended the day explaining regarding the sale of a portion of my Blackstone/GSO Strategic Credit Fund (BGB) holdings.  In the middle of the day I cautioned about...

My Takeaways and Observations

Today and yesterday are good examples of the fondness of crowds, and that buyers live higher and sellers live lower. Stocks closed at the day's highs, despite a reversal in the price of crude oil and some weak domestic data and disappointing retail ...

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...

My Takeaways and Observations

"Wouldn't it be nice if we were older Then we wouldn't have to wait so long And wouldn't it be nice to live together In the kind of world where we belong..." --Beach Boys, "Wouldn't It Be Nice?"  I feel strongly that there is no or a limited safety ...

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 ...

My Takeaways and Observations

Take this, bulls!  This, too!  I ended the day with my highest net short exposure in more than 12 months. Committed in view, or to be committed? You decide. The U.S. dollar declined in value today. This seems to be a key element of the bulls' argume...

Today's Takeaways and Observations (Early Edition)

Today started on a very sad note with the news out of Brussels, but the market was quite resilient. As of this writing, we're still at or near the session's highs. One of the great things about Real Money Pro is that we can agree to disagree and con...

My Takeaways and Observations

I outlined my negative market outlook in this morning's opening missive, "Forget the 'Church of What's Happening Now.'" This summary detailed the fundamental, technical and sentiment headwinds that I see.  A challenge to Jim "El Capitan" Cramer on C...

Selling Best Buy Amid a Weakening Retail Outlook

The U.S. retail outlook is deteriorating, and I'm responding in my portfolio. The Commerce Department said today that retail sales dropped 0.1% in February -- but the real bad news was a revision to January's numbers. Commerce revised its initial re...

My Takeaways and Observations

 "What came first? The chicken or the Ben?" --Tiara Soleim, talking about "The Bachelor's" Ben Higgins this season Final rose? The obvious and recurrence of price action from the past continues, but for how long? Maybe only The Shadow knows.  "Move ...

Radian Doesn't Look So Radiant Any More

I'm pulling mortgage insurer Radian (RDN) off of my "Best Long Ideas" list in light of the fact that I believe "Peak Housing" is coming into closer focus. I'm making this move somewhat reluctantly, as the stock retains good statistical value. But if...

My Takeaways and Observations

If I had to guess, today's sharp rally was a function of monthly inflows, technical breakouts and programs. But it is only a guess. However, you will watch in the business media all the talking heads who liked yesterday's market and purchased opport...

My Takeaways and Observations

At 3:00 p.m. ET stocks were at the low of the day and S&P futures were more than 20 handles below pre-market trading highs, where I shorted. I started the day with an opening missive, "Donald Trump and the U.S. Stock Market," in which I outlined the...

My Outlook for the Market's Major Sectors

From basic materials to utilities, here's my take.

My Outlook for the Market's Major Sectors (Part 1)

"Yellen is wrong -- and she has a lot of company. It is an amazing reality that, among economists, the faith in the possibility of endless expansions has survived the 2008-2009 financial crisis and the Great Recession. What history teaches is disqui...

My Takeaways and Observations

This might be the most hated market rally in months.  As I have been commenting, we got deeply oversold, support held and machines/algos did the rest! The typical correlation between SPDR S&P 500 ETF (SPY) and the inverse iShares 20+ Year Treasury B...

Today's Takeaways and Observations

Chuck (Judge Smails) thoroughly embarrassed me into making a day's end post, noting that when I was younger I had the energy to still complete Takeaways. He went on to write that my current age is slowing me down. I know (hope!) you were kidding and...

Today's Takeaways and Observations

There was something for everyone (bulls and bears) today. Volatility cubed! My early perspective was outlined in "Drilling Teeth Without Novacain."  I bought the test and premarket weakness unemotionally as promised and expanded my net long exposure...

9 Rising Stocks in a Falling Market

Stocks are near the day's lows as I write this -- and an old traders' adage is to "buy what's green in a flow of red." That's not a strategy I plan to employ today. But for contrarians who are looking for some trades in a potential market turnaround...

Today's Takeaways and Observations

My thoughts as we approach the closing bell: The day started much weaker, testing some key support levels -- and back to my buy levels. I moved from market-neutral at day's end on Monday to above small net long in exposure today. For the first time ...

Today's Takeaways and Observations

My investment mantra remains opportunistic trading. I came in small-size short -- average cost of about $194 shorting SPDR S&P 500 ETF (SPY) -- and ended the day at market-neutral exposure. Covered my short SPY from yesterday at reasonably good leve...

Today's Takeaways and Observations

Is it Friday yet? Remember, tomorrow is the end of the month. Markups? Also, I previously discussed the possibility of a large rebalancing to the buy side tomorrow afternoon as bonds materially outperformed equities. It could be a catalyst late in t...

Today's Takeaways and Observations

Is it Friday yet? A day full of sound and fury but perhaps signifying nothing. As I expected, the Fed acknowledged tightening financial conditions in the credit markets. Spreads have widened and the cost of debt and capital has risen. Here's my Fed ...

Radian Doesn't Look Radiant

Radian (RDN), which is another loser today, is pricing in a severe housing downturn. As I promised, I'll have more to say about RDN later this week.

In a Buying Mood

I've made more buys today. They include JPMorgan Chase (JPM); Wells Fargo (WFC), which recently was added to my Best Ideas List; Radian Group (RDN), which I'll have more on next week; Oaktree Capital Group (OAK); and Fifth Third Bancorp (FITB), whic...