New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 23, 2014
10:11 EDTSAVE, IAU, JNS, GWPH, CNCHigh option volume stocks: CNC JNS SAVE GWPH IAU
News For CNC;JNS;SAVE;GWPH;IAU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 1, 2015
08:08 EDTJNSJanus acquires majority interest in Kapstream Capital
Subscribe for More Information
June 25, 2015
11:06 EDTCNCHospitals, insurers climb after Supreme Court rules on ACA subsidies
Subscribe for More Information
10:11 EDTCNCACA tax subsidies upheld by Supreme Court
The decision of the Fourth Circuit was affirmed in King v. Burwell by a vote of 6 to 3, according to multiple media reports. The Supreme Court upholding the lower court ruling means that individuals who get health insurance through an exchange established by the federal government will be eligible for tax subsidies in all 50 states. Publicly traded companies in the health insurance space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Publicly traded companies in the hospital space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).
June 23, 2015
07:50 EDTGWPHGW Pharmaceuticals management to meet with Leerink
Meetings to be held in New York on June 24-25 hosted by Leerink.
07:12 EDTSAVESpirit Airlines initiated with an Overweight at Morgan Stanley
Subscribe for More Information
June 22, 2015
06:37 EDTCNCHealth insurers may change policies based on King v. Burwell ruling, NYT says
Subscribe for More Information
June 19, 2015
10:09 EDTCNCFly Watch: Supreme Court may release key ACA decision soon
Subscribe for More Information
June 18, 2015
10:21 EDTSAVESouthwest, Spirit retreat after analysts downgrade shares
Southwest Airlines (LUV) and Spirit Airlines (SAVE) are falling after both airline stocks received downgrades from research firms this morning. Barclays downgraded Southwest, while Credit Suisse cut its rating on Spirit. WHAT'S NEW: Barclays analyst David Fintzen lowered his rating on Southwest to Underweight from Overweight, saying that the stock's valuation is above peer levels even though its outlook is no better than its large competitors. Moreover, the company's margins could drop in 2016 because of its "outsized growth," the analyst warned. Credit Suisse analyst Julie Yates downgraded Spirit Airlines to Neutral from Outperform, as she believes the airlines is facing more aggressive competitor fares. American Airlines (AAL) is offering lower fares than Spirit on five of the latter company's ten top ten routes for travel two months from reservation dates, the analyst stated. Moreover, Spirit's second quarter margins may come in below its guidance and the airline will probably reduce its margin outlook when its reports its Q2 results in late July, Yates predicted. WHAT'S NOTABLE: Barclays' Fintzen was more upbeat on Spirit, continuing to identify it as his top pick among airlines. More broadly, Fintzen remains generally upbeat on airline stocks, predicting that the industry's profitability will be "far more durable" than the market believes. The sector's competition is balanced, and it has increased its capacity and airplane purchases much less than in prior periods of oil price declines, according to Fintzen. Additionally, the airline stocks' multiples remain overly depressed, he believes. He says that the following stock in the sector can climb about 50%: Spirit, American, Delta (DAL), and United (UAL). PRICE ACTION: In early trading, Southwest dropped 2.2% to $33.11 and Spirit slid 2.4% to $60.91.
10:01 EDTSAVEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Arch Capital (ACGL) downgraded to Market Perform from Outperform at BMO Capital... Bankrate (RATE) downgraded on revenue headwinds at SunTrust... Carter's (CRI) downgraded to Neutral from Buy at Sterne Agee CRT... Lumenis (LMNS) downgraded to Market Perform from Outperform at Wells Fargo... Nimble Storage (NMBL) downgraded to Hold from Buy at Wunderlich... Southwest (LUV) downgraded to Underweight from Overweight at Barclays... Spirit Airlines (SAVE) downgraded to Neutral from Outperform at Credit... Webster Financial (WBS) downgraded to Underweight from Equal Weight at Morgan Stanley.
07:51 EDTCNCIncrease in 3R backstop most positive for Humana, says Leerink
Subscribe for More Information
06:58 EDTSAVESpirit Airlines downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information
05:41 EDTSAVESouthwest downgraded to Underweight from Overweight at Barclays
Barclays analyst David Fintzen downgraded Southwest (LUV) two notches to Underweight from Overweight saying the company has moved from a margin expansion story to an "average" big four airline trading at a premium valuation. Fintzen expects Southwest's growth to normalize in 2016 and cut his price target for shares to $39 from $50. The stock closed yesterday down 7c to $33.84. The analyst coupled the downgrade with an upgrade of Align Technology (ALGN) to Equal Weight. He remains bullish on airlines, with Spirit Airlines (SAVE) remaining his top pick, followed by Delta Air Lines (DAL), American Airlines (AAL) and United Continental (UAL). Fintzen sees 50% average upside in those four names.

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