News For CI From The Last 14 Days Check below for free stories on CI the last two weeks.
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February 9, 2010
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| 14:06 EDT |  | CI |
| theflyonthewall.com: | IBM announces services agreement with LINA Korea | | IBM (IBM) announced a services agreement with LINA Korea, a Korean subsidiary of CIGNA (CI), in which IBM will develop a new technology platform and system for the leading insurance telemarketing business in Korea. :theflyonthewall.com |
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February 8, 2010
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| 06:51 EDT |  | CI |
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February 7, 2010
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| 21:47 EDT | | CI |
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February 4, 2010
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| 06:09 EDT |  | CI |
| | 06:08 EDT | | CI |
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February 3, 2010
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| 16:45 EDT |  | CI |
| theflyonthewall.com: | On The Fly: U.S. Market Wrap-Up for Wednesday 2/3 | | The futures were higher in early trading, but weakened prior to the open. The weakness caused the averages to open slightly lower. Almost immediately, however, the indices moved into positive territory. It looked as if the market would put together its first three day winning streak in several weeks. At 10:00 am, the ISM non-manufacturing report came out slightly below expectations, and that was enough to halt the upside momentum of the averages and push them lower. Once in negative territory, the market traded in a fairly narrow range for the remainder of the day…The Dow fell 26.30 to 10,270.55, the S&P lost 6.04 to 1,097.28, and the Nasdaq gained 0.85 to 2,190.91…Among the biggest gainers: Borders Group (BGP) surged 38.3% to $1.30 after noted investor William Ackman commented that the company was unlikely to go bankrupt. Home Diagnostics (HDIX) soared 87.3% to $11.45 after agreeing to be purchased by Nipro Corp. for $11.50 a share…The losers included: Exide Technologies (XIDE) which slumped 23.2% to $6.08 after Wal-Mart (WMT) decided to drop the company as its automotive battery supplier. Ryder System (R) dropped 7.8% to 34.45 after forecasting Q1 EPS that widely missed analysts’ estimates…CURRENCY: The dollar closed 0.68% higher on the yen at 90.98 and 0.51% lower on the euro at 0.7197…COMMODITIES: Crude oil closed down 0.26 to 76.97...Natural gas lost 0.05 to 5.41...Gold was lower by 5.60 to 1,112.40…ECONOMIC DATA: The ADP National Employment Report showed private sector employment decreased by 22,000 in January. January's ADP Report estimates non-farm private employment in the service-providing sector increased by 38,000. Employment in the goods-producing sector declined 60,000, while employment in the manufacturing sector dropped 25,000...January's ISM non-manufacturing index came in at 50.5, slightly below the consensus of 51.0...Challenger's count of layoff announcements jumped to 71,482 in January, well above December's 45,094...The MBA Purchase Index jumped 10.3% in the January 29 week. The EIA Petroleum Status Report came in as follows: Crude inventories 2.32M build vs. consensus of 400K build. Gasoline inventories 1.31M draw vs. consensus of 1.4M build. Distillates 948K draw vs. consensus of 1.15M draw. Tomorrow…Chain Store Sales, Monster Employment Index, Jobless Claims, Productivity and Costs, RBC Cash Index, Factory Orders, and EIA Natural Gas Report are due…Notable companies reporting Thursday before the opening bell include: Allergan (AGN), Avon (AVP), Chicago Mercantile Exchange (CME), Cigna (CI), Cincinnati Financial (CINF), Hospira (HSP), Kellogg (K), MasterCard (MA), Moody’s (MCO), Sara Lee (SLE), Snap-On (SNA), Spectra Energy (SE), and Starwood Hotels & Resorts (HOT). :theflyonthewall.com |
| | 15:29 EDT | | CI |
| theflyonthewall.com: | Companies reporting Before the Market Open on Thursday, February 4 | | Notable companies reporting before the opening bell include Allergan (AGN), Chicago Mercantile Exchange (CME), CIGNA (CI), Cincinnati Financial (CINF), Kellogg (K), Hospira (HSP), Moody's (MCO), Sara Lee (SLE), Snap-on (SNA), Spectra Energy (SE), and Starwood Hotels (HOT). :theflyonthewall.com |
| | 14:48 EDT |  | CI |
| theflyonthewall.com: | Cigna: Earnings release technical preview, small short-base, high gap risk | | BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the short-term bearish price channel at $35.27. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $35.73, $36.38, $36.98, $37.58, $38.33, $39.00, $39.61, $40.32, $41.00, $41.75. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $33.61. On a bearish breakdown below the price channel the following support levels would become downside objectives: $33.23, $32.58, $32.00, $31.51, $31.03, $30.46, $30.00, $29.52, $29.08, $28.49 -- the 200-day moving average. NOTE: Small short-base at 2 days to cover, with 2.6% of the float short. Traders are positioned for positive news. Reactions on a surprise, especially a negative one given the small short-base, have a high probability of being extreme in duration and price. High gap risk. :theflyonthewall.com |
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February 2, 2010
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| 10:12 EDT |  | CI |
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February 1, 2010
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| 08:50 EDT | | CI |
| | 07:05 EDT | | CI |
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January 30, 2010
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| 16:39 EDT | | CI |
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January 27, 2010
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| 11:59 EDT | | CI |
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January 26, 2010
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| 16:38 EDT | | CI |
| | 09:00 EDT | | CI |
| | 07:13 EDT |  | CI |
| theflyonthewall.com: | Cigna downgraded to Perform from Outperform at Oppenheimer | | Oppenheimer downgraded Cigna on concerns the company underpriced its Medicare PFFS products in 2010, making it likely earnings forecasts need to come down. The firm has a $38 price target on the stock. :theflyonthewall.com |
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