Today's report is simple in nature but powerful in its message for stocks today. Yesterday Suncorp (SUN) reported a cash profit of $1089m and a fully franked dividend of 38c, overall about a 4% miss on analysts' expectations. As would be expected the stock opened down 39c (3%) but quickly climbed its way back up to close up 9c (0.7%). The result was simply not too bad and showed promise moving forward. We were obviously pleased by its performance as SUN is the equal largest holding at 12% in the Market Matters portfolio - we remain bullish SUN, read on for our price target.