Stocks were flat this morning following muted action during yesterday’s session. Investors seem to be weighing inflation fears against shrinking infection numbers and a strengthening economy. The S&P 500 remains less than 1% below its May record.
Earnings season continues to wind down, with just a handful of companies left to report. One notable takeaway has been the stellar performance within energy and financials, which are the top two performing sectors so far this year.
In today’s trade alert we’ll highlight a mid-cap company from the financial sector with plenty of room to run as strength continues to build in the cyclical sectors.
Banyan Hill Publishing:
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Old Republic International Corp. (ORI) is a holding company engaged in insurance underwriting and related services. Through subsidiaries, the company markets, underwrites, and provides risk management services for general, title, and other insurance coverages. On April 22, 2021, Old Republic published financial results for its Q1 2021, reporting that net income excluding investment gains increased by 46.5% year-over-year (YOY) to $206.3 million. This growth was driven primarily by the company’s General Insurance and Title Insurance businesses.
The stock also has an impressive record of positive earnings surprises, as it hasn’t missed an earnings consensus estimate in any of the last four quarters. Most recently, Old Republic reported EPS of $0.69 versus consensus estimate of $0.45.
For the current fiscal year, Old Republic is expected to post earnings of $2.05 per share on $7.1 billion in revenues. This represents a -8.48% change in EPS on a -0.31% change in revenues. For the next fiscal year, the company is expected to earn $2.15 per share on $6.96 billion in revenues which would be a year-over-year change of 14.63% and -1.93%, respectively.
The stock currently trades at just 4.75 times earnings and sports a 3.32% dividend yield.
Where to invest $1,000 right now...
Before you consider buying Old Republic, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Old Republic.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]