Principal Financial Group (PFG) +40.76%
PFG rallied after Hartford Financial Services Group, a life and property-casualty insurer, raised its full-year operating profit forecast and said the capital outlook at its insurance subsidiaries is “strong.” Hartford jumped 102.36 percent today.
Since November 20, PFG has rallied 103.61 percent.
Transocean (RIG) +3.17%
Bloomberg published this article today about surging rental rates for deepwater drilling rigs.
If oil prices continue to fall, then deepwater drilling becomes uneconomical. However, RIG’s deepwater focus and $41.1 billion backlog that extends out to 2020 lessens such concerns.
Boeing (BA) +0.87%
The Wall Street Journal reported that BA may further delay first deliveries of its flagship Dreamliner by at least six months due to the fallout from the recently resolved machinist strike. First deliveries of the jet might not occur until the summer of 2010, more than two years after the jet was originally scheduled to enter service.
Goodrich (GR) and Curtiss Wright (CW) both make parts for Boeing’s new 787, but both received a boost from this news because they provide replacement parts and repair services to Boeing planes, which is a higher margin business.
Quick Hits
Peter Lazaroff, Junior Analyst
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