MGIC Investment Corporation (NYSE:MTG)

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  • lostsheep: $MTG mortgage insurance triggered weekly and monthly at 13.06 yesterday
  • kt4000: sold $VBIV this morning for a 30% quick gain..... added more $LABU bought too high yesterday, added more $PFE and sold some $MTG ..... no warm hugs for Financials today.
  • kt4000: added to $MTG moving in the right direction, small adds to $LABU and $GUSH
  • kt4000: sold all $TWLO at the open, trimmed $LABU for a profit - added $TNDM, $KSS, $QCOM on dips - Created new positions @50% in $MTG
  • Brian_M: Took an initial position in $MTG at $12.80. Like the setup with it squeezing by 50/200 day. Put a stop under the MA's around $12.35 and it is pretty low risk.
  • gee: $MTG, $RDN both in financial sector, mortgage insurance. Both have been advancing. Long both for a while. May want to add them to a watch list.
  • Bridget: ...
    $MTG - breakout on volume
    $RDN - breakout on volume
    $CLNY - breakout but right back up to previous resistance
    $PZZA - prob saw a lift from $DPZ, coming off support and could run to the recent high
    $NRF $NSAM - day 2 of breakout

    $ACIU - ipo coming o ...
  • shoredriver: @steve71 $RDN $MTG too....
  • Bridget: $RDN and $MTG Rallying Today on Softened Mortgage Insurer Rules
  • Tim S: Notable earnings before Wednesday's open $ABT, $ASML, $BAC, $BK, $BLK, $CMA, $GWW, $KEY, $MAT, $MTG, $NTRS, $PEP, $PNC, $STJ, $SWK, USB
  • Hawkeye: $RDN @Tr8dr - Depends on your time frame on what to do... It's behaving.. Just bouncing along an up sloping 50 dma in the upper half of the b band. I'm not in this one, but I'm in $MTG, which is doing the same thing.
  • Tim S: $RDN, $MTG - both fall firmly in my "wish I woulda" category ... :-/
  • bert953: MARKET Even though some positions are doing well today, $CELG, $AIG, $MTG, Any thoughts on neg divergence of Worden's T2122 indicator vs the SPY? Looking to buy 13 & 14 strike may or June VIX #options when VIX falls below $12.5 Also NASDAQ shows stock splits for $CX, $CL, $TU and $RDWR pending over next few weeks/ months.
  • snmtraders: $RDN @Icrack62 - If you do a search in the Forum for $RDN or $MTG or $GNW you will find some discussion on this. I expressed concern about $RDN based on a Nov article by @Jon Laing in Barron's that discussed it's subpar balance sheet and business ethics (or, really, lack thereof). Nonetheless, the stock has moved higher and #Cramer continues to pump -- is this in his Action Alerts portfolio perchance? $GNW is a much safer bet in this space, though I own a spec position in MTG. Hope this helps.
  • DrScience: $RDN, $MTG both mortgage insurers consolidating their gains. Quite extended from strong support, 20 DMA won't catch up until next week. Set a price alert for a breakout. Stocks won't go far without you. :)
  • snmtraders: $MTG - @Jim #Cramer continues to pound the table on mortgage insurer $RDN, which Barron's had panned last year. Nonetheless, $RDN rallied on @JC's pounding, and now he teases that he will be offering another great mortgage insurer on his special 8 year anniversary show tonight. I have been in $MTG for some time, and am hoping this will be the one and not $GNW, which is probably a better name, but has already enjoyed a double. Any other names in this sector we should take a look at?
  • woodman: $MTG - I have some $MTG, but thinking of either replacing it with $RDN or being in both until one reveals itself to me as the better choice. Below is a Tweet from @Jim #Cramer today about $MTG and $RDN (it's not really looking like a pre-endorsement of $MTG as his "another great mortgage insurer" on his show tonight): @Jim #Cramer ?@jimcramer $RDN is much better and a buy right here.RT @MrFlyTrap: @jimcramer @JC, looking at $RDN & $MTG both great stories. Which is better buy here?
  • snmtraders: $MTG - Timothy Mattke, VP - CAO and Controller, filed SEC Form 4 showing he bought 10,000 shares at $5.15.
  • woodman: $MTG @snmtraders - you're having another great morning with this one! Congrats.
  • snmtraders: $MTG @Woodman - Thank you. I think you can still get in, if you haven't done so yet. If you are concerned about the space, you could buy $MTG and sell $RDN -- I bet Barron's will have an update on their RDN= House of Cards article from last year after this move higher and #Cramer's hyping; they seem to despise that guy.
  • woodman: $MTG @snmtraders - I never bought RDN. Didn't want to chase. As for $MTG, I can't bring myself to buy it here. It's trading up at the top BB at 3 standard deviations. It's great to be holding (though you may consider taking some profit) here, but buying is a totally different matter. I'll watch for a pullback. If this rocket returns to earth, I will consider buying a ticket for the next joy ride.
  • snmtraders: $MTG @Woodman - I know you didn't buy $RDN but what I'm suggesting is that there is now a turnaround in the mortgage insurance space that I think is presenting a good opportunity. I think Genworth and $MGIC Investment will win out in this space, and that $RDN is a house of cards. I'm suggesting that if you agree with me about this space finally getting some legs, you could get in via a hedged strategy buying Genworth or $MTG and selling RDN. Just an idea. I have not shorted $RDN yet but don't think $MTG is done moving higher, given my expectation that this mtge insurance space is gaining favor as a way of investing in housing turnaround. In the words of @Jim Morrison, "Been down so G-d long, that it looks like up to me"...
  • snmtraders: $RDN @woodman - I own $MTG in this space, and it has definitely been and remains a spec postion. As for $RDN, Barron's had a very thorough feature article on this "House of Cards?" authored by J. Laing Nov 3 2013. Bottom line is that $RDN is propping up its balance sheet by rejecting claims (at a significantly, really ridiculously high level) and effectively double pledging its assets (as it merged its insurance and bond assurance companies to prop up the balance sheet). Laing warns that once these short-term fixes (read: chicanery) run out, the shares could tumble. Unless some Congressman knows something Barron's doesn't know, I would stay far away from this bad boy.
  • snmtraders: $MTG @Woodman - I only wish I had been clever enough to wait on this one. No, my gain is a meager 22% and my position small, as this is one of my spec plays along with $TBT and YCS. These are the three "FU" trades I put on in expectations that if they take off as I expect over the next few years, I will be able to say adios to work as a way of survival. If not, they will fall into my perpetual call option portfolio.
  • Tricia: EARNINGS BEFORE: $AET, $ALKS, $AN, $APU, $AZN, $BEAV, $BLL, $BMS, $BX, $CAM, $CL, $CNH, $CNX, $COCO, $CRR, $D, DB, $DNKN, $DOW, $EPD, $ERIC, $EXXI, $HAR, $HGG, $HP, $HSH, $HSY, $IVZ, $LQDT, $MA, $MJN, $MO, $MTG, $MWW, $NDAQ, $NVO, $OXY, $PBI, $PCAR, $PENN, $PHM, $POT, $R, $RCL, $RGLD, $SHW, $TE, $TEN, $TMO, $TWC, $UA, $UGI, $UPS, $VIAB, $WHR, $XEL, ZMH
  • Big D: Quick check on Earnings After the Close, today Wednesday or Before the Open tomorrow, Thursday: $ABC, $ABX, $AFFX, $AHT, $ALKS, $ALL, $ANSS, $APA, $ARIA, $ARQL, $ATK, $AVG, $AXS, $BBG, $BCE, $BLT, $BMC, $BRY, $BYD, $CACI, $CBM, $CBOE, $CCJ, $CEVA, $CI, $CJES, $CLDX, $COHR, $COT, $CRIS, $CTRX, $CVC, $CWH, $CZR, $DRE, $DX, $EEP, $EL, $ELLI, $END, $ENH, $EPD, $ESS, $ESV, $EXAS, $EXH, $EXTR, $FBN, $FCH, $FSLR, G, $GAS, $GBX, $GEO, $GGC, $GGP, $GNK, $GTAT, $GTIV, $GTLS, $GWR, $HEES, $HNSN, $HOS, $HSC, $HSH, $HT, $INCY, $IPI, $IRC, $IRDM, $IVZ, $JKHY, $K, $KEG, $KRA, $KRO, KSWS, $LBTYA, $MD, $MDU, $MET, $MPC, $MRGE, $MTG, $MUR, $NBIX, NGLS, $NIHD, $NPSP, $OCN, $OIS, $PDCE, $PEG, $PES, $PKD, $PMTC, $PVA, $PXD, $PXP, $RGLD, $RGR, $RRD, $SE, $SFY, $SHOO, $SM, $SNE, $SNI, $SPR, $SU, $TDC, $TE, $TEVA, $TMH, $TREX, $UNM, $UPL, $UTHR, $V, $VC, $VICL, $VMC, $VNR, $VNTV, $WNC, $WNR, WPI, $XOM, XYL
  • snmtraders: $MTG - I picked up this stock at 4.25 on expectations that gommint intervention in the housing market will give this company more business.
  • davewells: @Doug Kass is the furthest thing from a technician you will ever stumble upon(actually i take that back--his call on $CAT two days ago was right off the 50dma)...but for fundamental insights he is top notch..i have been a real money subscriber for 8-10 years--it's how i found @DAN)...back in 2006-7 ,@Doug Kass was the only guy out there banging the drum on the housing bubble and he did it repeatedly...for independent thought ,he is excellent ..his timing may not always be spot on but his fundamental picks are excellent..this year i have followed him into $F,GM,$MET ,SCHWand $MTG -- all money makers...there is value there but you need a little longer time horizon to let things play out..dave
  • Aiko: ...
    $AMTG
    $ANGI
    $APO
    $APTS
    $ARCO
    $ARCP
    $AVEO
    $AVG
    $AWAY
    $BCEI
    $BCOV
    $BG
    $BGMD
    $BLMT
    $BOX
    $CANE
    $CARB
    $CCXI
    $CEMP
    $CERE
    CGEIU
    $CHEF
    $CHKR
    $CJES
    $CLVS
    $CO
    $CPAC
    $CPER
    $CRUD
    $CSOD
    $CVR
    $CZR
    $DATE
    DDMG
    $DLPH
    $DNKN
    $DTV
    $ ...
  • highcotton: $MTG For the momentum folks, I was on a webinar yesterday and this stock gapped up during the presentation and traded back down. Volume has definitely been on the rise. I believe it is a result of PMI being shut down from doing any business. Lousy business to be in but someone has to do it.
  • southern: $MBI someone mentioned $MTG this is why the GSE's are doing well.

    Piper Jaffray positive following S&P bond rating methodology update Reports related to S&P bond rating lifted mortgage names yesterday afternoon. (AGO, $MBI, $MTG, $RDN, PMI, ...
  • jververis: ...
    New 52 week lows include: $ACW, $ADM, $ADVS, $AEIS, $AF, $AFAM, $AFL, $AGII, $AGO, $AIG, $AKAM, $AKS, $ALL, $ALNY, $ALR, $AMCC, $AMED, $AMKR, $AMSC, $ANAD, $ANR, $ANW, $AOL, $ARAY, $ARC, $ARI, $ARRY, $ART, $ASEI, $ASIA, $ATHX, ATPG, $AUO, $AUXL, $AV ...
  • jackies: $ADY, $WOR, $BORN, $DAR, GMXR, $NQ, $CLF, $KH, $DYN, $CPE, $ATK, $WBC, $MTG, $TRI, $PBR, $IAG all up today when the market is down. I looked at some of the other gainers but those had hammer patterns, not a good sign. I got as far as $ADY and $WOR with looking at charts and am putting this up now wthout looking at all the charts since we've only got 12 minutes. I'll look at these after the market and see if any might be a good entry.
  • samsonsab: $RDN All the MI stocks (RDN, PMI, $MTG etc) are reacting well to news from the hill that they will not be 'squeezed' out by upcoming regulation- http://blogs.wsj.com/developments/2011/03/02/rules-wont-#squeeze-out-mortgage-insurers/
  • Golf77: $MTG PMI $RDN pivot on Government new
  • jamesrg5771: @golf77 how did find out about $MTG, PMI, RDN
  • Guge: $MTG This stock just had a big spurt upwards. Does anyone here follow this or have insights.
  • marc: $RDN and $MTG - thanks for the insight. Marc
  • marc: $RDN, PMI, $MTG - any thoguhts on these volatile mortgage insurers. I have watched them for months. They trade in a very consistent pattern. Now is the bottom of the channel. Anyone have insight into these stocks or had success in trading them? marc
  • RFrangie: $MTG - Look at the volume
  • RFrangie: $WDC - Looking terrible even with todays upgrade. $MTG - Like the company but I guess is going straight to 8
  • slipperlee: $MTG - @Dan mentioned this a few days ago. Announced earnings today and it is up (reversing on day 3 of the pullback). If the stock closes up it looks like a perfect bounce retesting the breakout level. Potential MoneyMaker pattern on a weekly chart just getting going.
  • cking7575: PMI and $MTG $MTG bounced right off support Check out @Dan's Oct. 14 video covering these stock charts
  • Dave: Mortgage Documentation Mess - I certainly don't think that @Dan needs me to second some of his previous remarks, but after reading extensively on the mortgage documentation mess, there is the potential and more likely the probability that this is goi ...
  • jkricha: $MTG PMI - $MTG trading at a discount to PMI on the day - Just an FYI
  • jkricha: $MTG - Little help from the tech experts. Where is support for MTG? Are the different levels?
  • scottto: Bought $FN, $MTG, ADS. SNIC didn't go so well but didn't lose much given small starter size. Found $CSGP in a screen last night and that's doing nicely today @Scott
  • RFrangie: $MTG -Amazing and sold my position
  • dhook: $MTG - I did as well earlier today... will wait for another entry point to hop back on the wagon.
  • HumanGeorge: PMI RDN $MBI MTG ABK

    @Dan & SMM Community,

    It was nice to get some color from @Dan this evening on the effect that this foreclosure scandal might have on the banks and also on the mortgage insurers. The more I research this issue, the more I th ...
  • RFrangie: PMI - $MTG (the best of the bunch) news, http://tinyurl.com/2b36sf8.
  • nwsvndr: PMI - where to take profits? (I guess all the home refinancing is driving this along with $RDN and MTG?) $MTG seems further along (strongest; no real obvious resistance points?), PMI next, then RDN. Thoughts on how far these might go?
  • RFrangie: #CNBC - yes Maria B. Time to be bearish. Short $MTG, hope I am right
  • debrup: Volatility #Squeeze scan: These looked interesting from my scan this weekend: $CR JOSB $COL AKS $MRVL JOE $DNDN PSEC $MAR BWLD $GEF OII $MTG PMI $BPOP PCX $DHI ABVT $SPF Maybe some are of interest to you. In total a 157 came up from the Russel 3000. but just showing the better looking ones.
  • dr.orangejuicer: $MTG - Insurance company that has been consolidating above it's 20/50/200 day averages. Has been hitting resistance at around 9 but not falling back too far. Worth watching. Long MTG.
  • RFrangie: $MTG - looks like it might get to 10.00 soon
  • dr.orangejuicer: $MTG - Added to my position this morning, stoked!
  • dhook: $MTG - yes this is one I have been watching as well ....
  • RFrangie: $MTG - Good Morning EveryOne. Could be a short candidate, The company is improving, but highly attached to the employment numbers. Earnings $BMO 10/14
  • RFrangie: $MTG - or maybe not
  • RFrangie: $MTG - there it goes
  • RFrangie: $MTG - Is the volume right 5.7M shares trade in1hr?
  • RFrangie: $MTG - Looks like it still has room to go
  • RFrangie: $MTG - working very hard. Good job
  • RFrangie: $MTG - Management has dramatically improved the standards of the company. To me, as longest unemployment improves this will be an outperformer.
  • RFrangie: $MTG - Someone bought 10.180k Oct 8.00 Calls. Seems to me bullish, but not an expert on #options.
  • RFrangie: $MTG - Forgot to mention, I do not like $RDN, a company without a Plan.
  • RFrangie: $MTG - Seems that the company is improving. 3.38% in premarket or 8.25 Monthly Operating Statistics : August: http://preview.tinyurl.com/2c4dz8t July: http://preview.tinyurl.com/2cqpejk
  • RFrangie: $MTG - Present at the Keefe, Bruyette & Woods 2010 Insurance Conference (Tuesday 7/09) http://preview.tinyurl.com/2e7bfu7
  • RFrangie: $MTG - Beautiful!! : )
  • rain3man: $MTG - on daily chart looks like stock broke support line out of the apex heading lower today, now testing #200EMA. Bearish...short candidate?
  • RFrangie: $MTG - Long adding a few
  • RFrangie: $MTG - off to the races
  • davewells: MTG...this is the flip side of my BACKDOOR STIMULUS concerns noted above...if the government loosens the refinance requirements on fannie ,freddie ,fha and va loans ,besides the borrowers ,who benefits ??? PMI companies..!!!.. they are talking about allowing refinances without regard to credit or ltv ratios ..this keeps people in houses and kicks the can down the road as far as loan losses are concerned...i will be long $MTG momentarily..thanks,dave
  • RFrangie: $MTG - @DaveWells -Thank you, I hope you are right I have been bullish on $MTG for more than 3 week now, and that is very long time frame to me. I lost sight of $AGO another good insurer in my view and had very good earnings. Best, RAM# $N FRANGI#
  • RFrangie: $MTG - slowly moving, hope I don't jinx it.
  • RFrangie: $MTG - go,go, go!! Yes, you can get to 10
  • RFrangie: $MTG - ready to blast to the upside. Just watching the movie with a cup of coffee too.
  • RFrangie: $MTG - PMI reports earning 7/29 $BMO Est. -.65
  • RFrangie: $MTG - BRIEF-Moody's raises $MGIC rating to B3 from Caa1 July 26 (Reuters) - $MGIC Investment Corp : * Moody's upgrades MGIC's debt to B3 to reflect substantial holding company liquidity * Moody's upgrades MGIC's debt rating to B3 from Caa1
  • RFrangie: $MTG - Looking strong and not too late, consider position size
  • RFrangie: $MTG - $MGIC Investment beats by $0.77, beats on revs (7.61 ) Reports Q2 (Jun) earnings of $0.13 per share, $0.77 better than the Thomson Reuters consensus of ($0.64); revenues fell 10.6% year/year to $406.4 mln vs the $353.8 mln consensus. The fair value of $MGIC Investment Corporation's investment portfolio, cash and cash equivalents was $9.5 billion at June 30, 2010 primarily a result of the April equity and debt offering, compared with $8.4 billion at December 31, 2009, and $8.5 billion at June 30, 2009. Losses incurred in the second quarter were $320.1 million down from $769.6 million reported for the same period last year primarily due to a decrease in the default inventory. $NOW LET $SEE SHOTS RUNNING FOR COVER 26% !!
  • RFrangie: $PLD & $MTG doing great
  • RFrangie: $MTG - Bullish in to earnings Jul 15 before market Thomson Reuters estimate: -1.00 Short Interest 25.89 %
  • RFrangie: $MTG - Huge Call volume and Open interest $8.00 Strike
  • RFrangie: $MTG - LOVE IT!!
  • RFrangie: $MTG - Long
  • qwerty: $MTG - I watch this one. Based on the behavior of this stock on Nov 2009, I'm expecting some grinding around. I'll buy some, when the lower uptrend of the channel will meat the price.
  • aragorn555: ...
    He likes growth in the builders section but not the builders, he likes the Mortgage insurance group like PMI, $MTG, $RDN
    Consumer non durables like $BUD,PG,$PEP,CLX
    Insurance co's $MET,LNC,$AFL

    On the short side @Doug spoke about
    $ENR, $FAST, ...
  • RFrangie: $MTG - Amazing
  • RFrangie: UAUA - @Hwyflier -Thanks, Monday night around 7pm the news was that the passenger load was 1+% higher even with the ash from the volcano in Iceland, so this is what I did, I shorted 1000 shares @ 19.45 and the following day I bought 2000 @ 18.90 why because everyone in fast money was bearish on leisure and today hit 20.49. Hope it helps. By the way I am long $MTG , $CENX, $BSX and $SBCF
  • M&M: @Dan-PMI,MTG...I am curious your technical take on these. I am long both (built positions) and would like to hold longer term...but obviously they are screaming. My best guess is that $MTG rests below $10. PMI stops before $5...then they both attack those levels. Not looking for crystal ball stuff...but what technical levels would you use as a trailing stop given the dramatic moves. Good problem to have. Thanks in advance. M&M
  • M&M: RDN-MTG-PMI-MBI...Radian narrower loss. Fundamentals getting better. I am not long but picked up $MTG and PMI on the open. Lots of shorts and now uptrending charts. Volatility! Have a great equity day! M&M
  • M&M: $NVDA,RVBD - moving to the highs for the day. $RVBD is breaking out of triple tops here...RDN and $MTG also curiously positive. M&M
  • M&M: RVBD- trying to take out the day's highs. Maybe somethin' cooking..RDN- took profits. Great trading stock... Still holding some $MTG here. like the chart. M&M
  • M&M: RDN-MTG-SWC all having a good day. $MTG looks interesting for new money. Goldman price objective $10. CPO up on good earnings but still can't make a 52 week high but glad for the confirmation. $DXY again at the lows as I type. 2nd day down. There seems to be indecision regarding materials/metals. (how far the bounce can go). I will most likely be out of $SWC by the end of the day. High beta Tech is Dreck! CNX- Seems to be having trouble with $50 but looks like it is trying. I would like to add and get out from under if it could have a sustained trade above $50.50. -M&M
  • fstern601: Insurance Stocks - One sector we haven't focused on is insurance stocks - $GNW has broken out and looks particularly strong. Also, $LNC and PRU. Also, BRKB, $MTG, $TRV, MB, and $CB is in a volatility #squeeze. Any comments/interest?
  • M&M: $AGO - Bot this am...also bot $RDN on the open off $MTG earnings...long that too. $AGO shud play catch up...all 3 actually pay dividends. They are all significantly undervalued according to Value Engine...and controversial as well(hence risk/reward). TLAB...long at 6.21 from a few weeks ago. It now has resistance to fight thru. Also taking a look at MYGN...nothing yet. Have a great equity day. -M&M
  • M&M: PMI-RDN-MTG, Goldman initiated coverage on all 3 today. PMI-sell tgt 3, RDN-neutral tgt 9, MTG-buy tgt 10. Bill Miller just mention $MTG and said it could double. Lots of shorts in these. Housing stabilizing. IMHO fundamentally undervalued with decent charts. I am long all 3. Good news they are beginning to get noticed again. Especially if #financials in general improve...A lot of upgrades across the insurance sector this AM. -M&M
  • M&M: $RDN,PMI,$MTG,AGO I mentioned in a post yesterday,off and running, along with $XHB turning positive. Along with most #financials. Just an FYI. I am sure there will be a few fades either way today.. Best M&M.
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Stock Price $19.73
Change 0.74%
Volume 1,041,490

MGIC Investment Corporation is a holding company, which through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation is a provider of private mortgage insurance in the United States.

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