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Stock Market & Financial Investment News

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July 10, 2014
10:05 EDTWASH, WDR, UNH, TSCO, TAHO, TROW, STBA, NTI, MAA, LL, ISBC, INGR, HCLP, GGB, FSM, EGO, CBB, AUQOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
News For AUQ;CBB;EGO;FSM;GGB;HCLP;INGR;ISBC;LL;MAA;NTI;STBA;TROW;TAHO;TSCO;UNH;WDR;WASH From The Last 14 Days
Check below for free stories on AUQ;CBB;EGO;FSM;GGB;HCLP;INGR;ISBC;LL;MAA;NTI;STBA;TROW;TAHO;TSCO;UNH;WDR;WASH the last two weeks.
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July 29, 2014
07:00 EDTWDRWaddell & Reed reports Q2 EPS 98c, consensus 91c
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July 25, 2014
12:11 EDTUNHWellCare profit warning sinks managed care names
A number of managed care names are falling after one of the companies in the sector, WellCare (WCG), preannounced significantly weaker than expected results. UBS, however, recommends using the weakness in the sector as a buying opportunity. WHAT'S NEW: WellCare, which specializes in managing Medicaid and Medicare plans, preannounced a second quarter per share loss of 7c, excluding certain items. Analysts on average expected the company to report a per share profit of 90c. The company's revenue came in slightly above expectations. WellCare cut its full-year earnings per share guidance to $2.20-$2.50 from $4.40-$4.75. The company said recipients of a new Medicaid program in Florida utilized more medical services than expected since the company began administering the program in May. Additionally, the company took an impairment charge related to an acquisition and it had an unfavorable reserve development. ANALYST REACTION: The factors cited by WellCare for the cut in its guidance appear to be specific to that company, UBS analyst A.J. Rice wrote. Meanwhile, data from other companies that administer Medicaid plans indicate that the increased utilization costs in that state are also specific to WellCare, Rice contended. For example, Centene (CNC) reported Q2 results earlier this week and indicated that utilization trends for newly covered beneficiaries in Florida was largely in line with expectations, while UnitedHealth (UNH) said its Medicaid business had performed well last quarter, the analyst stated. Additionally, WellCare said that its higher than expected medical utilization costs had been caused primarily by drug costs that exceeded its forecast, Rice stated. Since drug costs tend to be known relatively quickly, United Health and Centene would have divulged any issues with drug costs in conjunction with their Q2 results, Rice said. The analyst recommended that investors buy Aetna (AET), Cigna (CI), United Health and WellPoint (WLP) on any weakness today. PRICE ACTION: In late morning trading, Aetna fell 1.5% to $83, Cigna lost 1% to $95.50, UnitedHealth lost 1% to $84.50, WellPoint slid 1.5% to $113.50 and Centene tumbled 7% to $74 while WellCare plunged 19% to $62.
July 24, 2014
18:49 EDTISBCInvestors Bancorp reports Q2 adjusted EPS 10c, consensus 10c
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10:03 EDTTSCOOn The Fly: Analyst Upgrade Summary
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09:13 EDTTSCOTractor Supply upgraded to Buy from Hold at Feltl
07:37 EDTTROWT. Rowe Price: US recovery modest, but strong enough to repair balance sheets
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07:36 EDTTROWT. Rowe Price reports Q2 EPS $1.13, consensus $1.12
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06:50 EDTUNHConsumers received $9B in refunds from health insurers, The Hill says
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July 23, 2014
17:21 EDTLLLumber Liquidators calls lawsuit allegations 'flat-out false'
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16:06 EDTTSCOTractor Supply sees FY14 EPS at low end of $2.54-$2.62, consensus $2.54
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16:04 EDTTSCOTractor Supply reports Q2 EPS 95c, consensus 95c
Reports Q2 revenue $1.58B, consensus $1.6B. Reports Q2 comparable store sales increased 1.9%.
15:30 EDTTSCONotable companies reporting after market close
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July 22, 2014
16:18 EDTMAAMid-America Apartment initiated with an Outperform at Oppenheimer
Target $85.
13:46 EDTUNHCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTUNHAppeals court bars subsidies in health care law
A three-judge panel of the D.C. Circuit Court of Appeals struck down part of President Obama's healthcare law by siding today with plaintiffs who argued that the law barred the government from giving subsidies to people in states that chose not to set up their own insurance marketplaces. The appeals court stated, "Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRSís regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.
July 21, 2014
16:08 EDTWASHWashington Trust Bancorp reports Q2 EPS 58c, consensus 59c
Reports Q2 book value per share $20.56. Reports Q2 Tier 1 capital ratio 12.13%. Reports Q2 net charge-offs 0.11%.
11:02 EDTUNHUnitedHealth, Banner Health Network announce collaboration
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July 20, 2014
11:58 EDTTROWCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 18, 2014
16:47 EDTUNHMarket ends week higher as earnings, M&A offset geopolitical tensions
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08:45 EDTUNHUnitedHealth price target raised to $94 from $84 at Oppenheimer
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