OilU.S Oil - Crude Oil
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Symmetrical Triangle as an Corrective Pattern in Short Time Frame
Fibonacci Level - 78.60%
Loews Corporation
No trades
Market insights
Loews Corporation Reports Net Income Of $457 Mln For Q1 2024Loews Corporation (NYSE: NYSE:L ) reported a net income of $457 million in Q1 2024, a 22% increase from Q1 2023. The company's net income attributable to CNA Financial Corporation improved year-over-year due to higher net investment income and favorable net prior-year loss reserve development. Boardwalk Pipelines' results also improved due to higher revenues from re-contracting at higher rates and recently completed growth projects. Parent company investment returns improved year-over-year due to higher returns on equity securities. Book value per share increased to $83.68 as of March 31, 2024, from $81.92 as of December 31, 2023.
As of March 31, 2024, the parent company had $3.2 billion of cash and investments and $1.8 billion of debt. Loews Corporation (NYSE: NYSE:L ) repurchased 0.9 million shares of its common stock for $67 million since December 31, 2023. The CEO commented on the exceptional Q1 performance, stating that CNA continues to experience strong profitable growth and reported its highest-ever first-quarter core income.
LOEWS ChannelFundamentals:
Stable growth and growth of funds, but not the perfect stock, but ok.
Technicals:
3 Week Tight Area breakout
Shallow pb trade w/o volume confirming, but volume may come in later.
Channeling up
Comment:
Expecting a rise to 90 or 100 in 4 months.
Loews Breakout Easy MoneyLoews Hotels is an upscale hotel chain in the States. I like the chart technically for a break out. I also like its holdings. I think a move into 90-110 dollas is pretty easy as money rotates into cheap assets like it.
Loews Corp's Strong Q4 Performance Signals Resilience
Loews Corp (NYSE: NYSE:L ), a diversified financial conglomerate, has reported an impressive nearly 26% surge in fourth-quarter profit, showcasing its resilience in the face of economic uncertainties. The company's robust performance was primarily attributed to higher premiums and favorable market conditions, particularly a rally in U.S. government bonds at the close of 2023. This positive outcome stems from strategic investments and sound financial management, further solidifying Loews' position in the market.
Investment Income Boosts Profits:
One of the key drivers behind Loews' (NYSE: NYSE:L ) stellar Q4 performance was a notable increase in investment income, which rose to $643 million from $600 million year-over-year. The surge was propelled by a market rally and increased premiums, reflecting the company's adept management of its investment portfolio. As U.S. government bonds rallied towards the end of 2023, Loews (NYSE: NYSE:L ) capitalized on the favorable conditions, positioning itself for financial success.
CNA's Contribution:
Loews Corp's (NYSE: NYSE:L ) subsidiary, CNA, plays a pivotal role in the company's revenue stream, contributing significantly to its overall performance. CNA, in which Loews (NYSE: NYSE:L ) holds approximately 90% stake, reported an underlying combined ratio of 91.4% in its property and casualty business. Despite a marginal increase from the previous year's ratio of 91.2%, the figure remains below 100%, indicating that CNA earned more in premiums than it paid out in claims. This solid performance underscores the effectiveness of CNA's risk management strategies.
Earnings Per Share Soar:
Loews (NYSE: NYSE:L ) reported an income attributable to the corporation of $446 million, or $1.99 per share, for the fourth quarter. This marks a substantial improvement from the previous year's figures of $355 million, or $1.49 per share. The notable increase in earnings per share reflects Loews' ability to generate value for its shareholders, positioning the company as an attractive investment option in the financial market.
Outlook Amid Economic Trends:
The strong Q4 performance of Loews Corp (NYSE: NYSE:L ) is especially noteworthy considering the prevailing economic trends, including expectations of the Federal Reserve cutting interest rates in 2024. Loews' ability to navigate and capitalize on such market conditions reflects the company's strategic foresight and adaptability. Investors may find reassurance in Loews' resilient financial performance, making it a compelling choice in a potentially challenging economic landscape.
Conclusion:
Loews Corp's (NYSE: NYSE:L ) impressive fourth-quarter results underscore its resilience and strategic prowess in navigating complex economic scenarios. The surge in investment income, solid performance of its subsidiary CNA, and the significant increase in earnings per share position Loews (NYSE: NYSE:L ) as a strong contender in the financial sector. As economic uncertainties persist, Loews Corp's (NYSE: NYSE:L ) ability to adapt and thrive reinforces its standing as a compelling investment option for shareholders seeking stability and growth in their portfolios.
LOEWS, ARE WE ABOUT TO SEE A LIMBO WORLD RECORD? (EARNINGS)And do you want to buy the dip
These trends are not looking good.
if earnings can't get over 74 and maintain good momentum, it's going to get pushed down to the support trends. Which are quite strong overall.
The downside is huge.
But it's not like there isn't upside.
I'm just not certain the upside to 80 will occur sooner rather than later.
Personally, I see a bearish looking stock, but I'm also not as confident as I sometimes am because there is a possibility it holds support at 69 and really starts to move.
However, I'm fairly certain we'll see $20 at some point within the next year or two. IMO, sooner.
Attaching CAT and APD
Short on L
L is currently in an ascending channel with bearish RSI divergence. Has broken trendline on smaller timeframe, stoploss at last swing high with target at bottom of channel also could be a bigger move if breaks down out of channel so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
$L with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $L after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 40%.
L - Inverted H&S IdeaIdea for L showing low volatility along the smaller line which holds both arms for the right and left shoulders of the inverted H&S
The lower trend line contains the Head formation
The low volatility on the smaller timeframe is an indicator for a bear move, however on a larger timeframe price looks quite bullish
Short term bear scenario, even a buy the dip
Price in balance areaPrice is in a balance area and will back if be out of the area.
Set pending limit orders and dont forget to do riskfree and then trailing stop.
Long Loblaw Short Canadian TireShort on Canada Consumer. Confidence is low and Recent survey indicates they are cutting spending.
$L with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $L after a Negative Under reaction following its earnings release placing the stock in drift D.
WATCH $LBearish
Fundamental
- Strong industry sector
- Decent earning
- Decent ratios
TA
- Long pin bar rejection on April 2022
- Price broke down 2 years upward trend line
- Bearish momentum divergence
- Price currently bounding major S/R
L - Interesting Symmetry Two wedges , facing away from each other, showing symmetry with each other
all of this is along a larger trend line in white that is in solid white
More of an observational post
$L with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $L after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
$L Loews with nice VCP breakoutLoews weekly chart appears to be breaking out of a volatility contraction pattern , with price coming out of a nice rounded base and aiming for next leg up.
I am long shares at $63 and will add as this grinds higher, trade invalidated and stop loss at -8% or $58.05
First price target $66
L - Loews Corp. is predicted to rise to a target price of $36.34Emerged = 07/10/20
Breakout = $34.57
Target price = $36.34
Confirmed = 07/13/20
Price = $34.63
Tickeron A.I.dvisor detected a bullish Rectangle Top pattern for stock. This pattern was detected on July 10, 2020 and confirmed on July 13, 2020 . The odds of reaching the target price are 69.69%.
Two horizontal lines (top: 1, 3, 5) and (bottom: 2, 4) form the pattern as the security bounces up and down between support and resistance levels.
Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.
L: $40 Wall, $45 Long TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think within a trading day or so, it is likely to pass that $40 wall. My long term position overall for L is that it will continue mostly a positive correlation and pass the $45 threshold. Overall, I'm bullish at least until it reaches $45 (if that was the case). The market segments that L is offering, is slowly also going to start going up in demand, especially when Covid19 restrictions slow down.
