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World Series trade #6: Progressive (PGR)

 Nov 01, 2009 06:00 PM UTC
Return Risk
+17.11% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
PGR Positive 11/01/09 +5.31% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Options, Stocks to Buy

World Series Trade #6 - Progressive Corp. (PGR)Voted MLB's best ballpark in 2008, Cleveland's Progressive Field boasts the name of Ohio-based Progressive Corp. (NYSE: PGR).


Drawn down by the financial crisis and credit freeze of 2008, Progressive fell to $10 per share. With it now trading around $16, I consider the stock a bullish candidate given its fundamental strength and the fact that 82% of the analyst community ranks this stock as a "hold." I think the analysts will wake up and start upgrading the stock, driving buyers back into the insurer.

Continue reading World Series trade #6: Progressive (PGR)

World Series trade #6: Progressive (PGR) originally appeared on BloggingStocks on Sun, 01 Nov 2009 13:00:00 EST. Please see our terms for use of feeds.

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