New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For BTH;PC;PKT;RCL;RMTI;CLX;MOBI;HUM;SONS;APKT;HLF;NUS;ORCL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
April 13, 2015
12:42 EDTORCLFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
Subscribe for More Information
10:58 EDTHUMCigna, Humana seen as potential takeover targets in Managed Care space
Subscribe for More Information
08:01 EDTHLFHerbalife names Czech gastroenterologist to Nutrition Advisory Board
Subscribe for More Information
07:33 EDTHUMJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
April 10, 2015
14:54 EDTHLFHerbalife purchased several 'Ackman' domain names in 2013, WSJ reports
Subscribe for More Information
10:38 EDTHLFHerbalife May volatility elevated
Subscribe for More Information
08:23 EDTORCLOracle management to meet with Barclays
Subscribe for More Information
April 9, 2015
11:49 EDTHLFHerbalife rallies amid circulation of FTC Commissioner comments
Shares of Herbalife moved higher amid circulation of comments made Tuesday by FTC Commissioner Maureen Ohlhausen regarding direct sellers. According to The Hill, Ohlhausen told the direct selling industry at the National Press Club in Washington, ""I commend you for your partnership with that has increased awareness and understanding – and appreciation – of the importance that the direct selling industry places as an industry on ensuring it is an ethical and trustworthy marketplace." The comments are being viewed as suggesting Herbalife will be less likely to face scrutiny from the FTC. Shares of the direct seller are up 86c to $83.61 in midday trading. Reference Link
09:04 EDTSONSMitel appoints Wes Durow as Chief Marketing Officer
Subscribe for More Information
05:57 EDTORCLOracle plans to hire 300 in India, Economic Times reports
Oracle is planning to hire 300 people in India to create a specialized cloud force, according to The Economic Times. Reference Link
April 8, 2015
16:07 EDTSONSSonus discloses purported shareholder class action lawsuit
Sonus Networks announced that a purported shareholder class action was filed against it and two of its officers in the United States District Court for the District of New Jersey. The plaintiff claims to represent purchasers of Sonus’ common stock during the period from October 23, 2014 to March 24, 2015 and seeks unspecified damages. The principal allegation contained in the Complaint is the claim that the defendants purportedly made misleading forward-looking statements concerning Sonus’ Q1 financial performance. Sonus believes that it and the individual defendants have meritorious defenses to the allegations made in the Complaint and intends to contest the lawsuit vigorously.
09:52 EDTMOBISky-mobi has a $140M in hidden value from investments, says Rosenblatt
Subscribe for More Information
April 7, 2015
10:23 EDTHUMMedicare Advantage 2016 rates set above expectations
The U.S. yesterday announced higher than expected 2016 Medicare Advantage reimbursement rates. The news is seen as benefiting managed care companies with large exposure to the Medicare Advantage program. WHAT'S NEW: The Centers for Medicare and Medicaid Services, or CMS, yesterday afternoon announced that Medicare Advantage reimbursement rates would rise 1.25% in 2016 from 2015 levels. In February, CMS proposed a 0.95% reduction in Medicare Advantage reimbursement rates for 2016. This year, reimbursement rates have fallen 4%. WHAT'S NOTABLE: Humana (HUM) said this morning in a regulatory filing that based on its review of the Final Rate Notice, the company expects an average Medicare Advantage funding increase for its business of approximately 0.8% from CMS for 2016, versus a funding decline of 1.25%-1.75% previously expected based on the Advance Notice. Humana’s estimated year-over-year funding increase as it affects the company is projected to be less than the CMS estimate for the MA program primarily due to Humana’s view of the projected impact associated with CMS’ 2016 adjustment to the risk model calculation, the company explained. ANALYST REACTION: In a note to investors earlier today, Deutsche Bank analyst Scott Fidel wrote that this is the first time in seven years that CMS has implemented an increase in Medicare Advantage rates. However, noting that CMS said it had raised its estimates for Medicare costs, Fidel added that this forecast tempered the positive outlook created by the reimbursement increase. The analyst kept Buy ratings on the following stocks in the sector: Aetna (AET), Anthem (ANTM), Cigna (CI), Magellan Health (MGLN), and UnitedHealth (UNH). Stifel analysts said that the results were modestly better than expected, except for the agency's decision not to make a Star rating adjustment for plans with certain higher acuity populations. The firm thinks that more diversified managed care companies with Medicare Advantage products could be boosted by CMS' decision, identifying Aetna, Humana, and UnitedHealth as being among the companies in that category. PRICE ACTION: In early trading, Aetna was little changed at $107.40, Anthem was flat near $155 per share, Cigna slipped 0.4% to $131.34, Magellan was flat at $71, UnitedHealth added 0.5% to $118.31 and Humana gained fractionally to $178.54.
08:57 EDTHUMHumana sees average Medicare Advantage funding from CMS up 0.8% for 2016
Humana noted that on Monday, April 6, after the market close, the Centers for Medicare and Medicaid Services, or CMS, announced final 2016 Medicare benchmark payment rates and related technical factors impacting the bid benchmark premiums, as expected, following the February 20 release of the preliminary 2016 Medicare Advantage benchmark payment rates. Humana said in its regulatory filing that based on its review of the Final Rate Notice, Humana expects an average Medicare Advantage funding increase for its business of approximately 0.8% from CMS for 2016, versus a funding decline of 1.25%-1.75% previously expected based on the Advance Notice. The Final Rate Notice from CMS estimates an average funding increase of 1.25% for the MA program, versus its estimate of a funding decline of 0.95% per the Advance Notice. Humana’s estimated year-over-year funding increase as it affects the company is projected to be less than the CMS estimate for the MA program primarily due to Humana’s view of the projected impact associated with CMS’ 2016 adjustment to the risk model calculation. The company is completing more detailed analyses of the Final Rate Notice and the commensurate impacts on its 2016 Medicare benefit offerings, including geographic-specific impacts, and anticipates further discussion in its Q1 earnings call on April 29. Bid designs for the company’s 2016 Medicare Advantage offerings are due to CMS on June 1, the company noted.
08:20 EDTHUMCowen expects managed care stocks to outperform following CMS release
Cowen expects managed care stocks to outperform today following the CMS release outlining better than expected Medicare Advantage rates for 2016. The firm also sees improved FFS growth rates, maintained coding intensity adjustment, and continued HRA payments. Publicly traded companies in the space include Aetna (AET), Cigna (CI), Health Net (HNT), Humana (HUM), and WellCare (WCG).
08:01 EDTHLFHerbalife announces one-year partnership with Global Health Strategies Institute
Herbalife announced a one-year partnership with Global Health Strategies Institute to help improve the nutrition of more than 10,000 children ages 5-12 in India, in line with the government’s Mid-Day Meal Scheme and School Health Programs. As part of its corporate social responsibility efforts, Herbalife will work with GHSI and global vitamin supplier DSM, to help provide access to good nutrition to children in India, a country with a history of malnourished, underweight children. The government-run MDMS and SHP programs are designed to improve the nutritional needs of children by providing food supplemented with adequate quantities of iron, folic acid and vitamin A. However, more fortified foods with essential micronutrients are needed. In the first phase of the project, GHSI will conduct a landscape analysis to help all parties understand the nutritional landscape, provide insights into the required nutritional support, the target beneficiaries, expected reach, implementation model and potential partners.
07:57 EDTHUMManaged care companies likely to rise on CMS news, says Oppenheimer
Subscribe for More Information
07:44 EDTHUMSome managed care stocks could be boosted by CMS decision, says Stifel
Subscribe for More Information
07:41 EDTHUM2016 MA rates positive for first time in seven years, says Deutsche Bank
Deutsche Bank notes that for the first time since 2009, Medicare Advantage rates will be positive after the Centers for Medicare and Medicaid Services announced yesterday that final 2016 rates will rise by 1.25%, representing a 220 basis points favorable swing from the preliminary proposed cut of 0.95%. Deutsche says the positive surprise is "somewhat tempered" by the more cautious view on Medicare cost trends provided by the CMS actuaries in the final 2016 rate announcement. The firm expects Humana (HUM), Health Net (HNT) and UnitedHealth (UNH), Aetna (AET) and Anthem (ANTM) to experience Medicare Advantage rate increases.
05:55 EDTHLFStocks with implied volatility movement; MNKD HLF
Stocks with implied volatility movement; MannKind (MNKD) 68, Herbalife (HLF) 89 according to iVolatility.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use