NHF fell 11% after missing profit expectations on Monday, the selling was unrelenting yesterday with another -7.2% wiped off the stock making its correction already -18.8% from last week’s high. As we’ve been alluding to through today’s report when they miss they often “really miss” and its not the time to be catching the proverbial falling knife, equities maybe in a “buy the dip” mood we believe extra caution is warranted through reporting season.
MM prefers IAG in the Insurance Sector
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