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Loews Corporation

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Soft ultra-deepwater and deepwater markets continue to weigh on Diamond Offshore results. With new drilling rigs contracted through 2019 and demand for oil rising, Loews is optimistic about its medium and long-term progress. The company has also seen its 2018 and 2019 estimates move 15.5% and 7.5% down respectively in the last 60 days. However, shares of Loews have outperformed the industry in a year. Loews Hotels is on a growth track as most properties continue to post solid operational results. CNA Financial remains focused to deliver stellar results riding on its core competency. The Boardwalk unit is poised to capitalize on the rising exports of natural gas and pipeline exports to Mexico as well as high industrial demand for natural gas and liquids. A sturdy balance sheet drives regular buybacks, boosting the bottom line.


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