The Best Stock In The Dow Today Is A Company That Missed Earnings

Hurricane Irene 4x3

Insurance giant travellers said net income plunged 63% to 79 cents per share.  Analysts were hoping for around 90 cents per share.

Results were hit hard by a spike in catastrophe-related claims, which cost the insurer $606 million after reinsurance gains.  These catastrophes included Hurricane Irene and Tropical Storm Lee.

But for insurance companies, preparing for catastrophes is part of day-to-day business.

On the sunnier side of things, travellers made more money selling insurance policies during the quarter. Net written premiums rose 4% to $5.67 billion.

Shares are up 5.9%, making it the top stock in the Dow Jones Industrial Average.

In a close second is Intel, which is up 3.9% on a strong earnings announcement.

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