Banks unofficially kick off the third-quarter earnings season this week.

One company’s report should set the tone, according to Piper Sandler chief market technician Craig Johnson.  

“We’re keeping our eye on JPMorgan. I think that’s going to be the bellwether that we’re really going to want to watch here in earnings,” Johnson told CNBC’s “Trading Nation” on Friday. “We’ve been making this kind of nice symmetrical sort of setup in the price action here recently, and that really suggests that perhaps a lot of the bad news might be priced in.”

JPMorgan, which reports earnings on Tuesday morning, is also turning higher compared with broader markets, Johnson said, a welcome change given banks have underperformed this year.

“We’re at an inflection point in terms of the relative strength line, and sort of turning up in here is another positive sign that the banks are starting to outperform sort of the broader S&P at this point, ‘ he said. “I think the trade is to be buying heading into the quarter.”

JPMorgan has fallen 27% this year, while the KBE bank ETF has dropped more than 30%. Options markets anticipate a 4% move in either direction for JPMorgan after earnings, added Johnson. If to the upside, it would take JPMorgan above $105, a level Johnson said should pave the way for the next leg higher toward $120. Shares closed Friday at $101.20.

Michael Binger, president of Gradient Investments, is measuring the banks’ success by several key metrics: net interest income, loan growth, and strength in mortgage and refinancing businesses. He sees two names as potential winners.

“I like Morgan Stanley a lot right here,” Binger said during the same “Trading Nation” segment. “I love the acquisitions they’ve been making in the trading platforms and the asset management space. I think that’ll

The stock market has had a crazy past two weeks after a very weak performance in September, where the Nasdaq Composite was down 5.2% and the S&P 500 lost 3.9% for the month. The stock market opened rough on Friday, October 2, with panicked overnight selling in the futures and stocks as traders reacted to President Trump’s COVID-19 diagnosis.

However, despite the frantic end to the week, the overall market remained strong, as there were three times more advancing issues on the NYSE and than there were declining ones. That is why I concluded last weekend that “as long as the market turns higher by the end of the week [of October 5], the intermediate trend will stay bullish.”

However, there was another news-related market decline last week, as President Trump ordered an end to negotiations over a new economic relief package. From a high of 3431.56, the S&P 500 dropped to a low of 3354.54 in the last 90 minutes of trading on Tuesday. The market commentary after the close was not optimistic, as this was the S&P 500’s largest daily drop in almost two weeks.

However, a longer view is necessary to diagnose the current market’s trend. The above chart of the Spyder Trust (SPY) has data up through the close on Tuesday, October 6. As you can see, the SPY low from late September corresponded to SPY’s high from June high (line a), which shows that resistance level became support.

The advance/decline numbers help to give an even better picture. On Wednesday, September 30, the S&P 500 Advance/Decline closed above its downtrend (line b), which was a sign that the correction from early September was over. Then on Monday, October 5, the S&P 500 A/D line made a new

With 2020’s hurricane season likely to see 190% more storms than the average season, the Zacks Property and Casualty Insurance (P&C) industry is up for a tough ride. Nonetheless, better pricing, prudent underwriting and exposure growth should benefit Berkshire Hathaway (BRK.B), Progressive Corporation (PGR), Allstate Corporation (ALL), Everest Re Group (RE),  Fidelity National Financial (FNF) and First American Financial (FAF).

While frequent natural disasters should accelerate the policy renewal rate, increasing adoption of technology and emergence of insurtech will help in smooth functioning of the industry. However, pandemic-related uncertainties weigh on merger and acquisition (M&A) activities and industry surplus.
 

About the Industry

The Zacks Property and Casualty Insurance industry comprises companies that provide commercial and personal property, and casualty insurance products and services. Such insurance coverage helps to safeguard property in case of any natural or man-made disaster. Liability coverages are also provided by some industry players.

Insurance coverages offered by the companies also include automobiles, professional risk, marine, excess casualty, aviation, personal accident, commercial multi-peril, and professional indemnity and surety.

Premiums are the primary source of revenues for these insurers. These companies invest a portion of premiums collected to meet their commitments to policyholders. Thus, a low rate environment is a concern for P&C insurers (especially for long-tail insurance providers).
 

4 Trends Shaping the Future of Property and Casualty Insurance Industry

Catastrophe loss weighing on underwriting profitability: The property and casualty insurance industry is susceptible to catastrophe events, which drag down underwriting profit. Per reports by Aon, total economic losses in the first half of 2020 was $75 billion, stemming from 207 catastrophe events across the globe while insured losses were $30 billion, 8% higher than the 20-year average. In fact, Colorado State University (“CSU”) expects ‘extremely active Atlantic hurricane season in 2020 and hurricane activity will be



(Thomas Crabtree)

Easton Corbin’s acoustic video for “Didn’t Miss a Beat” is a close and personal breath of fresh country air. If you’re missing live shows, put this gorgeously shot and recorded live video up on the TV and have your own personal Easton Corbin concert in your living room. With two guitars and sweet harmonies, Corbin takes us back to the simplicity and fun of classic country music.

“I feel like a lot of songs lose their energy when you bring them down to acoustic. With ‘Didn’t Miss A Beat,’ it translates well regardless of whether it’s full-band or acoustic. No matter how you hear it, it’s one of those songs that sticks with you,” shares Corbin.

Related: Free Music Streaming Services to Try

Watch the acoustic video for “Didn’t Miss a Beat” here:

Related: When and Where to Watch the She Rocks Spotlight Series Live Streams

Corbin is a country artist hailing from Florida. His philosophy is to dance between traditional and modern to create something new and original. Corbin has released seven top 10 singles and No. 1 hits such as “A Little More Country Than That” and “Roll With It.” He has had over one billion streams and has opened for Carrie Underwood, Rascal Flatts, Blake Shelton, Brad Paisley and others. He is currently headlining select tour dates. 

His latest single, “Didn’t Miss a Beat,” was performed on The Today Show earlier this month. Corbin has an upcoming EP to be released later this year. 

Next, do people who are tone deaf hear music differently?

window.ConsentManager.registerVendorHandler("s7", …

Postponed from its usual April slot on the sporting calendar, the rejigged 2020 edition of the London Marathon finally takes place this weekend – read on to find out how to watch this iconic race online, no matter where in the world you are.xfhg

This year’s rescheduled event will only feature elite runners who have prepared for the event within a biosecure bubble in an ‘athletes only’ hotel outside of London. The route is also set to be somewhat unfamiliar, eschewing its famous trip around the UK capital’s landmarks for a more Covid-19-safe revised 19.6 lap closed-loop circuit around St James’s Park.hf

The race marks the first major event of the year for the majority of runners taking part on Sunday, with the big talking point a rare and much-anticipated match up between world record-holder Eliud Kipchoge and 2019 Berlin Marathon winner Kenenisa Bekele.

With weather conditions currently favouring fast finishing times, both runners will also have one eye on setting a new marathon world record.

There appears to be a similar objective for Kenyan superstar Brigid Kosge in the womens race, who will be looking to better her own world record, while Daniel Romanchuk and Manuela Schär both return to defend their wheelchair race titles.hfg

Who will win this year? Read on to find out how to watch the 2020 London Marathon no matter where you are in the world.

Marathons are long-distance running events with a lot of participants. London Marathon is one of them held in London, United Kingdom. London Marathon was established by Olympic winner and reporter Chris Brasher and athlete Jhon Disley in 1981. As a part of the World Marathon Majors (WMM), the London marathon is setting a lot of World records to break.g

Since 2010, the race has been sponsored by Virgin Money