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Stock Market & Financial Investment News

News For CI;WCG;HNT;MOH;UNH;CVH;WLP;AGP;CNC;HS;HUM;AET;MDT;BSX;STJ From The Last 14 Days
Check below for free stories on CI;WCG;HNT;MOH;UNH;CVH;WLP;AGP;CNC;HS;HUM;AET;MDT;BSX;STJ the last two weeks.
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August 14, 2014
16:11 EDTWCGWellCare expects to appoint Andrew Asher as CFO in November
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14:13 EDTUNHOmega Advisors gives quarterly update on stakes
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08:06 EDTHUMHumana management to meet with Oppenheimer
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08:05 EDTHUMHumana management to meet with UBS
Meetings to be held in Denver/Minneapolis on August 14 hosted by UBS.
07:27 EDTMDTJPMorgan a buyer of Medtronic at current levels
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06:15 EDTMDTCovidien risk/reward very favorable, says Citigroup
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August 13, 2014
18:24 EDTHNTDepartment of Veterans Affairs expands contract with Health Net Federal Services
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08:25 EDTMDTMedtronic August weekly volatility elevated into Q1 and outlook
Medtronic August weekly call option implied volatility is at 24, September is at 19, November is at 18; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on August 19.
06:02 EDTWLPWellPoint changing corporate name to Anthem Inc.
WellPoint announced plans to change its corporate name to Anthem, Inc. The change is expected to take place by the end of 2014.
August 12, 2014
06:35 EDTHNT, MOH, AET, WLP, CNC, HUMManged Care recent pullback a buying opportunity, says Leerink
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August 11, 2014
11:04 EDTBSXActive equity options trading on open
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August 8, 2014
17:25 EDTMOHMolina Healthcare subsidiary acquires First Coast Florida Medicaid assets
Molina Healthcare announced that its wholly owned subsidiary Molina Healthcare of Florida has entered into a definitive agreement with First Coast Advantage to acquire certain assets related to First Coast Advantage’s Medicaid business. As a part of the transaction, Molina Healthcare of Florida will assume First Coast Advantage’s Medicaid contract and certain provider agreements for Region 4 of the Statewide Medicaid Managed Care Managed Medical Assistance Program in the State of Florida. The closing of the transaction is subject to the satisfaction of customary closing conditions, including obtaining approval for the transaction from the Florida Agency for Health Care Administration.
17:10 EDTMDTMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
09:12 EDTHNTHealth Net price target raised to $68 from $60 at Sterne Agee
Sterne Agee increased its price target on Health Net as the firm expects the company to perform well regardless of challenges in its sector. The firm keeps a Buy rating on the shares.
07:59 EDTUNHBenefitfocus price target raised to $45 from $41 at Canaccord
Canaccord raised its price target on Benefitfocus (BNFT) to $45 from $41 following its better than expected Q2 results. The firm cited continued momentum, its United Health (UNH) win, and its potential to establish itself as one of the premier vendors in the benefits administration space. Canaccord keeps a Buy rating on Benefitfocus.
07:01 EDTMDTHarvard professor says Treasury can reduce inversion incentives, NY Times says
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