Giles Coghlan LLB, Lth, MA
Financial Source
Allstate Corporation is a US-based insurance business in the US and Canada. It covers areas like health, life, accident as well as product insurance. It also has exceptional seasonal patterns around this time of year. Furthermore, insurance companies generally benefit from higher interest rates. This means the Federal Reserve’s recent hawkish tilt should benefit the insurance sector generally.
In the last 14 years, between February 11 and April 12, the Allstate Corporation has risen 13 times with an average return of 4.52%. The largest gain has been over 14.24% and the largest loss was -21.28%.
Major trade risks: The main risk for this outlook is either any bad news for the Allstate Corporation or sudden risk-off trading that will hit stocks generally.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Recommended content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold climbs above $2,340 following earlier drop
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.