1. Conservative Recommendation
Aon PLC (AON).
This insurance giant provides risk management services, insurance and reinsurance brokerage, human resource consulting, as well as outsourcing services, worldwide. It is currently a recommendation in Momentum Trader Alert.
J.P. Morgan recently told its clients that although the costs of the recent hurricanes will hurt many insurance companies’ earnings, it may boost insurance broker stocks. Property insurance premiums rose 10% after the 2005 hurricanes.
J.P. Morgan predicts similar double-digit-percentage increases for U.S. property premiums starting in January 2018. JP Morgan explained the increase in prices could be higher than consensus expects.
As a result, J.P. Morgan specifically recommended the shares of Aon PLC (AON). From a technical standpoint, AON scores 100% on all technical indicators I follow for Momentum Trader Alert.
2. Aggressive Recommendation
Vistra Energy Corp. (VST) is the most recent recommendation in Smart Money Masters. It is the largest single position held by Oaktree Capital founder and billionaire Howard Marks. It accounts for over 21% of his publicly disclosed stock portfolio.
VST is the parent company for Texas energy plays TXU Energy and Luminant. The company will report its third-quarter 2017 financial and operating results on Friday, November 3, 2017.
Technically, VST is in a strong uptrend and scores 100% on my short-, medium- and long-term technical indicators.
Sincerely,
Nicholas A. Vardy
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