$MET

Metlife Inc

  • NEW YORK STOCK EXCHANGE INC.
  • Finance
  • Life/Health Insurance
  • Multi-Line Insurance
  • Finance and Insurance
  • Direct Life Insurance Carriers

PRICE

$72.55 -

Extented Hours

VOLUME

3,341,001

DAY RANGE

72.15 - 72.67

52 WEEK

47.75 - 72.9

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@PivotBoss #P I V O T B O S S
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**PivotBoss Pre-Market Video [March 01, 2024]: Breakout in Crude?** MARCH 01, 2024 β€” FRIDAY AM The ES, NQ, and YM have developed higher value relationships from a monthly pivot range perspective, which means an early pullback to the month could continue to be met with a "buy-the-dip" mentality until proven otherwise. Failure at mMID would finally open up a more meaningful pullback in these markets. Crude Oil is seeing its first real attempt at an upside breakout from its large rounded bottom accumulation pattern and through the top of its 12-day narrow range. Will today become a transition day? If so, it needs over $3 of range and needs to finish well over the 81 level, which could finally trigger a major continuation of 8 to 10 points. Gold is now working its way toward 2080 after breaking away from the 2040 magnet.

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@dros #droscrew
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$C Dec22 52 C $NU Jan 9 C $PDD Feb 155 C $C Jun 52.5 C $MET Jan 72.5 C $FIGS Apr 10 C $SNOW Dec 205 C $BAC Sep 32 P $PFE Feb 25 P

95 Replies 15 πŸ‘ 8 πŸ”₯

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@dros #droscrew
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$C Dec22 52 C $NU Jan 9 C $PDD Feb 155 C $C Jun 52.5 C $MET Jan 72.5 C $FIGS Apr 10 C $SNOW Dec 205 C $BAC Sep 32 P $PFE Feb 25 P

63 Replies 9 πŸ‘ 11 πŸ”₯

TR
@trademaster #TradeHouses
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By Rae Wee SINGAPORE (Reuters) -The yen extended its sharp rally on Friday and marched toward its best week against the dollar in nearly five months, as traders ramped up expectations that the end of Japan's ultra-low interest rates was nearing. The broad strength in the yen kept a lid on the dollar, which also stayed on the defensive ahead of the closely-watched U.S. nonfarm payrolls report due later on Friday. Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday the central bank had several options on which interest rates to target once it pulls short-term borrowing costs out of negative territory. Ueda had on the same day met with Prime Minister Fumio Kishida. Markets took those comments as the clearest sign yet that the BOJ could soon phase out its ultra-loose monetary policy and catapulted the yen to multi-month highs against its major peers. Against the dollar, the yen was last nearly 0.3% higher at 143.74, having surged more than 1% against the greenback earlier in the session. The yen had gained over 2% on Thursday, its largest daily rise since January, and was likewise set to end the week with a more than 2% jump. "Obviously, the markets got very excited," said Ray Attrill, head of FX strategy at National Australia Bank (OTC:NABZY) (NAB). The yen had, as recently as a month ago, fallen to a one-year low of 151.92 per dollar, coming under pressure as a result of growing interest rate differentials with the United States. The weakening yen previously kept traders on edge over potential intervention from Japanese authorities to prop up the currency as it had done last year. Sterling fell to a two-month low of 179.56 yen on Friday and against the euro, the Japanese currency last stood at 155.15, not too far from the previous session's four-month peak of 153.215 per euro. Attention now turns to the BOJ's upcoming two-day monetary policy meeting on Dec. 18 for clues on whether the ultra-dovish central bank will indeed signal a policy shift. "I think a lot of us have felt that we were going to have some sort of more meaningful policy change this year, and we've been disappointed. So I'm a bit reluctant to jump on the bandwagon and say that (a change) is going to happen on the 19th," said NAB's Attrill. "But obviously, there's no smoke without fire... So I guess the market is understandably taking the view that the December meeting is live now." Separately, revised data on Friday showed Japan's economy shrank more sharply than first estimated in the third quarter. ALL EYES ON PAYROLLS In the broader market, the dollar largely drifted sideways, with currency moves outside of the yen subdued ahead of U.S. jobs data. The euro steadied at $1.0783 and was eyeing a weekly decline of more than 0.9%, while sterling last bought $1.2595 and was similarly headed for a weekly fall of nearly 1%. The U.S. dollar index was little changed at 103.67 and on track to gain more than 0.4% for the week. That would snap three straight weeks of declines, as the greenback attempts to stem losses from its heavy selloff in November. "I'm more interested in seeing what happens with the unemployment rate and what happens with average earnings than the nonfarm payrolls numbers," said NAB's Attrill. "Obviously, if we get a big shock on the payrolls - a big downside or upside surprise - the markets' initial reaction will be governed by that." Elsewhere, the Australian dollar rose 0.17% to $0.6613. In China, the yuan weakened against the dollar and was poised to snap a three-week winning streak. Data on Thursday showed the country's exports grew for the first time in six months in November, though imports unexpectedly shrunk. Concerns over the country's growth outlook continue to mount, with investor sentiment still fragile on the back of an uneven post-COVID recovery in the world's second-largest economy. Moody's (NYSE:MCO) had, earlier this week, slapped a downgrade warning on China's credit rating, and followed up a day later with cuts to its outlook on Hong Kong, Macau and swathes of China's state-owned firms and banks. "Moody's downgrade of China's rating outlook was motivated by concern over China's rising debt levels and possible need to bailout local state-owned enterprises," said William Xin, fixed income portfolio manager at M&G Investments, though he said the move had "failed to consider" Chinese policymakers' emphasis on reducing debt over the years.

108 Replies 7 πŸ‘ 7 πŸ”₯

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@dros #droscrew
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$WBA Jan 25 C $KVUE Feb 25 C $PDD Jan 150 C $INTC Feb 45 C $SNDL Apr 4 C $FXY Jun 66 C $HTZ Dec 10 C $C Dec 51 C $DOCU Jan-25 100 C $RNG Dec08 33 C $MET Feb 67.5 C $KVUE Jan 23.5 C $IGT Jan 30 C $T Jun 20 C $KSS Dec29 22.5 P $AMD Jan 100 P $QCOM Jun-25 90 P

123 Replies 6 πŸ‘ 9 πŸ”₯

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@dros #droscrew
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$WBA Jan 25 C $KVUE Feb 25 C $PDD Jan 150 C $INTC Feb 45 C $SNDL Apr 4 C $FXY Jun 66 C $HTZ Dec 10 C $C Dec 51 C $DOCU Jan-25 100 C $RNG Dec08 33 C $MET Feb 67.5 C $KVUE Jan 23.5 C $IGT Jan 30 C $T Jun 20 C $KSS Dec29 22.5 P $AMD Jan 100 P $QCOM Jun-25 90 P

144 Replies 11 πŸ‘ 6 πŸ”₯

TR
@trademaster #TradeHouses
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By Ahmad Ghaddar LONDON (Reuters) -Oil prices reclaimed some ground on Thursday after tumbling to a six-month low the previous day, but investors remained concerned about sluggish demand in the United States and China. Brent crude futures were up 60 cents, or 0.8%, at $74.90 a barrel by 1455 GMT. U.S. West Texas Intermediate crude futures rose 56 cents, or 0.8%, to $69.94. "With the largest global importer of oil (China) shuttering its thirst for crude, pressure remains on prices as the largest producer, the United States, continues with headline output," said PVM Oil analyst John Evans. In the previous session the market was spooked by data showing U.S. output remains near record highs even though inventories fell, ANZ analysts said in a note. U.S. gasoline stocks rose by 5.4 million barrels last week to 223.6 million barrels, Energy Information Administration data showed on Wednesday, far exceeding expectations for a 1 million barrel build. Concerns about China's economy also put a lid on oil's price gains. Chinese customs data showed that crude oil imports in November fell 9% from a year earlier as high inventory levels, weak economic indicators and slowing orders from independent refiners weakened demand. While China's total imports dropped on a monthly basis, exports grew for the first time in six months in November, suggesting the manufacturing sector may be beginning to benefit from an uptick in global trade flows. Ratings agency Moody's (NYSE:MCO) put Hong Kong, Macau and many of China's state-owned companies and banks on downgrade warnings on Wednesday, only a day after it put a downgrade warning on China's sovereign credit rating. Oil prices have fallen by about 10% since the Organization of the Petroleum Exporting Countries (OPEC) and allies, known collectively as OPEC+, announced a combined 2.2 million barrels per day (bpd) in voluntary output cuts for the first quarter of next year. Saudi Arabia and Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy. Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman met to discuss further oil price cooperation on Wednesday. OPEC+ member Algeria on Wednesday said it would not rule out extending or deepening oil supply cuts. Russian Deputy Prime Minister Alexander Novak on Tuesday said the producer group stood ready to strengthen oil supply cuts in the first quarter of 2024 to eliminate what he described as speculation and volatility. Russia has pledged to disclose more data on the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the country, sources at OPEC+ and ship-tracking companies told Reuters.

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TR
@trademaster #TradeHouses
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By Colleen Howe and Muyu Xu BEIJING/SINGAPORE (Reuters) -Oil prices reclaimed some ground on Thursday after tumbling to a six-month low in the previous session but investors remained concerned about sluggish demand and economic slowdowns in the U.S. and China. Brent crude futures rose 27 cents, or 0.4%, to $74.56 a barrel by 0613 GMT. U.S. West Texas Intermediate crude futures rose 24 cents, also 0.4%, to $69.62 a barrel. "Oil markets may have been oversold," which could mean the recovery is a "short-term rebound", Tina Teng, a markets analyst with CMC Markets (LON:CMCX), said in a note. In the previous session, the market was spooked by data showing U.S. output remains near record highs even though inventories fell, analysts at ANZ said in a note. Some of the bearishness was also a result of higher product fuel inventories, the ANZ analysts said. Gasoline stocks rose by 5.4 million barrels in the week to 223.6 million barrels, the EIA said on Wednesday, far exceeding expectations for a 1 million-barrel build. For the first time in a year, the market structure for Brent contracts switched to trade in contango, with contracts for near-term delivery cheaper than six months later. WTI contracts have also switched to trade in contango over six months out. A market moving back into contango suggests there is less worry about the current supply situation and encourages traders to put barrels in storage. Oil prices have fallen by about 10% since the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, announced a combined 2.2 million barrels per day voluntary output cuts. "Oil markets seem to completely sideline producer's cartel manoeuvres aimed at keeping oil prices elevated," said Priyanka Sachdeva, analyst from Phillip Nova, in a note. "The sign of easing inflation is (also) feeding into fears of a global economic slowdown and in turn dented demand for fuel globally," Sachdeva said. A Reuters survey found that OPEC oil output fell in November in the first monthly drop since July, as a result of lower shipments by Nigeria and Iraq as well as ongoing market-supporting cuts by Saudi Arabia and other members of the wider OPEC+ alliance. Meanwhile, Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman met to discuss further oil price cooperation on Wednesday as members of OPEC+, which may strengthen the market's confidence in the impact of output cuts. Kuwait and Algeria also reaffirmed their support and commitment to the voluntary cuts. Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the country, sources at OPEC+ and ship-tracking firms told Reuters. Concerns about China's economy also put a lid on oil's price gains. Chinese customs data showed that crude oil imports in November fell 9% from a year earlier, as high inventory levels, weak economic indicators and slowing orders from independent refiners weakened demand. While China's total imports dropped on a monthly basis, exports grew for the first time in six months in November, suggesting the manufacturing sector may be beginning to benefit from an uptick in global trade flows. Ratings agency Moody's (NYSE:MCO) put Hong Kong, Macau and swathes of China's state-owned firms and banks on downgrade warnings on Wednesday, just one day after it put a downgrade warning on China's sovereign credit rating.

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TR
@trademaster #TradeHouses
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Investing.com -- Oil prices climbed higher Thursday as a group of top producers met to discuss potential further output reductions to support the market. By 09:25 ET (14.25 GMT), U.S. crude futures traded 1.2% higher at $78.77 a barrel and the Brent contract climbed 1.1% to $83.78 a barrel. OPEC+ meeting looms large The Organization of the Petroleum Exporting Countries and allies, including Russia, a group known as OPEC+, is meeting Thursday, amid expectations of additional output cuts, with both crude benchmarks set to lose between 3% and 5% in November. The meeting was originally scheduled for the weekend, but was delayed reportedly after a number of African countries complained about their lower 2024 production targets. Saudi Arabia, Russia and other members of OPEC+ have already pledged total oil output cuts of about 5 million barrels per day, about 5% of daily global demand, in a series of steps that started in late 2022. This includes Saudi Arabia's additional voluntary production cut of 1 million barrels a day, which is due to expire at the end of December, and a Russian export cut of 300,000 barrels a day until the end of the year. β€œThere are growing expectations that they could make deeper supply cuts, which would be in addition to the rollover of the voluntary cuts from Saudi Arabia and Russia,” said analysts at ING, in a note. β€œClearly, this growing expectation leaves downside risk for the market if OPEC+ disappoint later today.” Bearish U.S. inventories overlooked This has helped the market overlook a relatively bearish report from the Energy Information Administration, which saw U.S. crude inventories rise by an unexpected 1.6 million barrels in the week to Nov. 24, when the market had expected a small draw. Additionally, purchasing managers index figures from China showed that manufacturing activity contracted further in November, while growth in overall business activity slumped to its weakest levels for the year. Signs of a continued economic decline in the country spurred concerns over just how resilient Chinese oil demand will remain in the coming months. The country built up a large level of stockpiles this year, which could reduce its appetite for crude imports going into 2024. Inflation on the retreat Also helping the tone was further evidence that inflation was in retreat in most of the major western economies, adding to the narrative that central banks were likely at the end of their rate-hiking cycles. The Federal Reserve's preferred inflation measure rose at a slower rate on an annual basis in October compared to the prior month, rising 3.0% annually compared with 3.4% in September, thanks in large part to a drop in energy prices. In Europe, eurozone inflation tumbled more than expected for a third straight month in November, rising 2.4% in November from 2.9% in October, well below expectations for 2.7%. (Ambar Warrick contributed to this report)

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Key Metrics

Market Cap

52.34 B

Beta

1.03

Avg. Volume

3.42 M

Shares Outstanding

723.02 M

Yield

2.84%

Public Float

0

Next Earnings Date

2024-05-01

Next Dividend Date

Company Information

metlife, inc. (nyse: met), through its subsidiaries and affiliates (β€œmetlife”), is one of the largest life insurance companies in the world. founded in 1868, metlife is a global provider of life insurance, annuities, employee benefits and asset management. serving approximately 100 million customers, metlife has operations in nearly 50 countries and holds leading market positions in the united states, japan, latin america, asia, europe and the middle east. for more information, visit www.metlife.com. metlife is proud to be an equal opportunity/affirmative action employer. we are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce. it is the policy of metlife to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, di

CEO: Michel Khalaf

Website:

HQ: 200 Park Ave New York, 10166-0005 New York

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