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News Breaks
January 30, 2013
09:16 EDTBIOC, BA, CODE, NOC, KMP, MERU, HNT, MTOR, CPNO, CHK, PLXT, ISIS, AMZNOn The Fly: Pre-market Movers
UP AFTER EARNINGS/GUIDANCE: Amazon.com (AMZN), up 8.5%... Boeing (BA), up 1%... Meru Networks (MERU), up 35.4%... UP AFTER ACQUISITIONS: BioClinica (BIOC), up 19.9%, to be acquired by JLL Partners for $7.25 a share... Copano Energy (CPNO), up 18%, to be acquired by Kinder Morgan Energy (KMP) in a unit for unit transaction. Kinder Morgan shares down 0.2% after announcement... ALSO HIGHER: Chesapeake Energy (CHK), up 10.4% after announcing CEO Aubrey McClendon to retire April 1... Isis Pharmaceuticals (ISIS), up 7.8% following FDA approval of Kynamro... DOWN AFTER EARNINGS: Health Net (HNT), down 10.3%... Spansion (CODE), down 8.8%... Meritor (MTOR), down 5.6%... PLX Technology (PLXT), down 4.3%... Northrop Grumman (NOC), down 1.2%.
News For AMZN;BA;CHK;MERU;BIOC;CPNO;KMP;ISIS;MTOR;NOC;PLXT;HNT;CODE From The Last 14 Days
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February 23, 2015
11:10 EDTHNTHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
10:31 EDTAMZNEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
09:59 EDTBAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
08:45 EDTBIOCBiocept OncoCEE-BR used to determine hormonal status of metastatic breast cancer
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08:05 EDTHNTCMS releases preliminary Medicare Advantage rates for 2016
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07:22 EDTISISSunTrust to hold a conference
2015 Biotechnology and Pharmaceutical 1:1 Orphan Drug Day is being held in New York on February 23.
06:51 EDTBAAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
06:19 EDTBABoeing downgraded to Sell from Neutral at Goldman
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February 20, 2015
16:03 EDTAMZNOptions Update; February 20, 2015
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15:20 EDTISISIsis Pharmaceuticals management to meet with JPMorgan
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09:38 EDTAMZNActive equity options trading on open
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08:48 EDTBABoeing price target raised to $196 from $164 at Sterne Agee
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07:10 EDTAMZNBrean Capital to hold a bus tour
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06:04 EDTCHKChesapeake March volatility elevated into Q4 and outlook
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06:04 EDTAMZNAmazon expands two-hour delivery program to Brooklyn, Re/code says
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February 19, 2015
17:28 EDTBABoeing awarded $591.25M government contract modification
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10:16 EDTAMZNAmazon advances after Munster says margin could jump
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07:46 EDTBAAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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07:17 EDTAMZNMaxim to hold a bus tour
Internet/Tech Bus Tour travels throughout Seattle, Washington to various with various industry companies on February 19.
05:47 EDTAMZNAmazon.com price target raised to $475 from $420 at Piper Jaffray
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