
Walmart Mexico Shares See Biggest Drop Since 2018 After Earnings
Shares sank as much as 8% on Thursday and closed at 53.49 pesos ($2.85), a four-month low.
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Cincinnati Financial's quarterly profit more than doubles on higher premiums, interest income
(Reuters) -Property and casualty insurer Cincinnati Financial reported on Monday that its second-quarter profit more than doubled, reflecting higher premiums and investment income. The results reflect the stability of insurance firms, even as trade tensions disrupt other businesses. As consumers and companies grow accustomed to economic uncertainty, spending on policies has remained steady. Earned premiums rose 15% to $2.48 billion, the Fairfield, Ohio-based company said. Investment income jumped 18% to $285 million, driven by higher interest payments from its bond portfolio. The company reported a profit of $685 million, or $4.34 per share, for the three months ended June 30, compared with $312 million, or $1.98 per share, a year earlier. Its shares have risen nearly 4% so far this year as of Friday's close, compared with a nearly 2.3% gain in the S&P 500 insurance index. Earlier this month, industry bellwether Travelers Companies reported higher profits due to stronger underwriting and investment returns.

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Principal Financial: Q2 Earnings Snapshot
DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Monday reported second-quarter profit of $406.2 million. On a per-share basis, the Des Moines, Iowa-based company said it had profit of $1.79. Earnings, adjusted for non-recurring costs, were $2.16 per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share. The financial services company posted revenue of $3.67 billion in the period. Its adjusted revenue was $3.69 billion, falling short of Street forecasts. Five analysts surveyed by Zacks expected $4 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PFG at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Josh Brown on Pfizer (PFE): ‘I Was Dead Wrong, There's No Turnaround'
Pfizer Inc (NYSE:PFE) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, explained in a recent program on CNBC why he's bearish on Pfizer. Brown said he was 'dead wrong' in hoping to see a turnaround at the pharma giant. 'Do you know how hard it is to find a stock as bad as Pfizer Inc (NYSE:PFE) like in the last couple of years? I managed the impossible. I haven't really lost a lot of money here. I think my initial purchase was like 28. But it's a loss nonetheless. But the way I think about these types of things, it's a loss relative to the overall market having gone up so much, which makes it even worse. And I stuck to my guns on this for no reason. I'm not really a value investor. I just felt the stock was so hated and down so much that it was a relatively low-risk entry and at some point they'd find a way to turn it around. I was right about the low-risk entry part, but I was dead wrong. There is no turnaround. Maybe it'll happen starting today now that I'm no longer in the stock.' Photo by Kaleidico on Unsplash While we acknowledge the potential of PFE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data