Score 7.8 (out of 10): LOEWS CORP sets up for +6.3% rally in 2 months

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What’s Going On Here?

LOEWS CORP’s majority-stake holdings include CNA Financial Corporation, Diamond Offshore Drilling, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging. The corporation positions itself as a value investor with a long-term focus.

Why Now?

LOEWS CORP has reached a new shorter-term high. Previously, during similar occasions, LOEWS CORP shares had a median return of +6.3%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for LOEWS CORP received a high score of 7.8 (out of 10). This insight was generated on 2022-March-15 with last price of 62.67.

What’s This Company About?

LOEWS CORP is in the Multi-line Insurance business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: L US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 66.59 (+6.3%) has been reached. Based on LOEWS CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 60.87 (last price at 62.67), which is equivalent to a -2.9% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

7.2% (December-2021), 4.2% (August- 2021), 12.2% (March-2021), 7.6% (December-2020), 17.8% (September-2020), 1.6% (July-2020), – 8.2% (April-2020), 5.6% (December-2019), 1.2% (September-2019), 7% (March-2019).

Historical Chart:

Summary:

NameLOEWS CORP
ViewUp
Star (1 to 10)7.8
Target+6.3%
Time2 months
Hist Rate90%

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