Companies Reporting Before The Bell
• Progressive (NYSE:PGR) is projected to report quarterly earnings at $3.17 per share on revenue of $17.43 billion.
While Nvidia's stock has seen a dramatic 500% increase in two years, Progressive's consistent and steady growth, suggests potential similar to Nvidia's early days.
Progressive's stock, now trading above $200, is targeting the next resistance level.
Home insurance rates are rising, with a projected 6% increase and severe weather states like Louisiana facing a 23% surge. Reinsurance challenges add to the concern.