Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks. Here at the Fool, we use our "This Just In" column to examine some of these picks -- and the track records of the companies behind them -- so individuals can make better investing decisions.
In addition to following professional banks, anyone can use Motley Fool CAPS to monitor the collective opinions of more than 150,000 members, many of whom demonstrate better investing insight than published analysts do.
After more than a year at a three-star rank, enough top-performing CAPS members have turned bullish on Allstate
Stock in Allstate has been making progress in regaining ground after the recession torpedoed its investment portfolio, just as it hammered other large insurers like AIG
While some smaller companies are still struggling, Allstate swung to a fourth-quarter profit after a loss in the prior year, similar to life insurer Prudential Financial. It pulled in earnings of $518 million, increased operating income, and generated a nearly 23% boost in total revenues. The firm also recently added a former George Soros risk manager to minimize investment risk, and with a solid position as a top home and auto insurer, a solid majority of the CAPS members who cast an opinion on the stock like the potential for Allstate's stock to outperform.
Do you think Allstate deserves its raised status? Add your thoughts in the comments box below on this page, or head over to CAPS to rate the company and check out all the information and opinions the community offers, absolutely free.
The Motley Fool Stock Advisor service looks for companies with strong management poised to beat the market over the long haul. To see all the stocks that have helped Tom and David Gardner beat the market by 53 points on average, take a free 30-day trial.
Fool contributor Dave Mock recently upgraded his life insurance policy, making him worth more dead than alive. He owns no shares of companies mentioned here. Berkshire Hathaway is both an Inside Value and a Stock Advisor recommendation and the Fool owns shares. The Fool's disclosure policy had its career-ending injury way back in the pee-wee football league.