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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
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March 4, 2015
06:39 EDTCNCNo preparations under way for elimination of some subsidies, NY Times says
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March 3, 2015
16:19 EDTCNCCentene announces successful reprocurement of managed care contract
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March 2, 2015
14:14 EDTJNSJanus Capital's Bill Gross: Nasdaq 5,000 reflects some overvaluations
Says the overvaluations may correct at some point. Says negative yields promote bubbles, distort capitalism. Bill Gross is speaking on CNBC.
10:00 EDTSAVEOn The Fly: Analyst Downgrade Summary
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08:26 EDTSAVESpirit Airlines downgraded at Stifel
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06:30 EDTSAVESpirit Airlines downgraded to Hold from Buy at Stifel
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February 24, 2015
17:10 EDTSAVESpirit Airlines files automatic mixed securities shelf
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16:30 EDTSAVESpirit Airlines requests withdrawal of registration statement
The company said its filing that it is requesting withdrawal of the registration statement because of a filing error relating to coding. Specifically, the registration statement was incorrectly coded and filed as an S-3, whereas the company intended the registration statement to be filed with the commission with the code S-3ASR. The company subsequently plans to promptly file a substantively identical registration statement under the appropriate code.
10:06 EDTCNCHigh option volume stocks
High option volume stocks: CHGG LBTYK SMH RCAP NGLS OTEX TERP CNC ALKS AMT
08:00 EDTCNCCentene subsidiary announces successful reprocurement of foster care contract
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February 23, 2015
19:40 EDTCNCLeerink healthcare services analyst holds an analyst/industry conference call
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17:26 EDTSAVESpirit Airlines files mixed securities shelf, no amount given
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12:21 EDTCNCOn The Fly: Midday Wrap
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11:10 EDTCNCHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
08:05 EDTCNCCMS releases preliminary Medicare Advantage rates for 2016
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February 20, 2015
12:18 EDTJNSMcCulley not leaving PIMCO to go to Janus, CNBC says

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