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Stock Market & Financial Investment News

News Breaks
January 1, 2013
14:16 EDTBBY, UNHESL Investments appoints G. Mike Mikan as president
ESL Investments said it has named G. Mike Mikan as president, effective January 1, 2013. Mr. Mikan will report to Edward S. Lampert, chairman and chief executive officer of ESL Investments. Mr. Mikan held various executive positions over a 14-year period at UnitedHealth Group (UNH), including serving as executive vice president and chief financial officer, as well as chief executive officer of its Optum subsidiary. Mr. Mikan has served on the Board of Directors of Best Buy (BBY) since 2008. He was appointed Best Buy’s interim chief executive in April 2012, serving until September 2012.
News For BBY;UNH From The Last 14 Days
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February 12, 2016
07:01 EDTBBYBed Bath & Beyond downgraded to Perform from Outperform at Oppenheimer
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07:00 EDTBBYBest Buy downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Brian Nagel downgraded Best Buy to Perform citing the challenging environment for consumer spending. The analyst does not expect a "quick snapback" for Hardlines Retail stocks.
February 9, 2016
08:01 EDTUNHUnitedHealth well positioned across most business lines, says Cowen
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February 7, 2016
14:45 EDTUNHLeerink healthcare services analyst holds analyst/industry conference call
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January 29, 2016
14:24 EDTUNHEarnings Watch: Aetna down 9% since last report
Aetna (AET) is scheduled to report fourth quarter earnings before the market open on Monday, February 1, with a conference call scheduled for 8:30 am ET. Aetna, a diversified health care benefits company in the United States, operates in three segments: Health Care, Group Insurance, and Large Case Pensions. EXPECTATIONS: Analysts are looking for earnings per share of $1.21 on revenue of $14.93B, according to First Call. The consensus range for EPS is $1.16-$1.32 on revenue of $14.44B-$15.36B. LAST QUARTER: Aetna reported third quarter EPS of $1.90 on revenue of $14.97B against analyst estimates of $1.77 and $14.95B, respectively. The company raised its fiscal 2015 EPS view to $7.45-$7.55 from "at least $7.40." Operating earnings were $668.6M for Q315 compared with $638.6M for Q314. The increase in operating earnings was primarily due to higher underwriting margins in Aetna's Health Care segment, partially offset by an increase in general and administrative expenses and lower underwriting margins in Aetna's Group Insurance segment. On January 11, Aetna said it see FY15 EPS at the high end of the $7.45-$7.55 range. Consensus for FY15 EPS is $7.54. STREET RESEARCH: On January 15, Wells Fargo said it expects health insurers' stock to do well this year, as the firm expects M&A deals made the last years to increase profits this year, and it thinks investors should be attracted to what it sees as the defensive names in the sector. Wells does not believe that any changes to or replacements of the ACA will be worse for the sector than the status quo. It identified Aetna and HCA Holdings (HCA) as its favorite names in the sector. On January 25, Leerink analyst Ana Gupte said she believed the recent selloff has provided a "strong" buying opportunity in the Managed Care space. Valuations are attractive on multiple metrics, Gupte told investors in a research note. Her top picks are UnitedHealth (UNH), Aetna, Humana (HUM) and Molina Healthcare (MOH). The analyst also favors Anthem (ANTM) and Cigna (CI). PRICE ACTION: Shares of Aetna are down approximately 9% since its last earnings report. The stock is up 2.6% to $101.42 in Friday afternoon trading ahead of Monday morning's report.

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