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Stock Market & Financial Investment News

News Breaks
April 1, 2013
16:35 EDTHUM, WLT, AM, WLP, DLLR, TSLA, UNH, KWK, AETOn The Fly: Closing Wrap
Stocks on Wall Street were lower on the first trading day of the second quarter, with mixed economic data, closed markets in Europe and light volume conspiring to keep investors from driving the market to new highs, as was the case in the last day of the just finished quarter... ECONOMIC EVENTS: In the U.S., the Institute for Supply Management's March manufacturing PMI came in at 51.3, versus an expected reading of 54.0. The Commerce Department reported that construction spending increased 1.2% in February, versus an expected increase of 1.0%. Asian markets finished mostly lower after China's official purchasing managers' index for March rose to 50.9 from 50.1 in February, though that was lower than the 51.0 reading economists were expecting. HSBC's separate PMI reading rose to 51.6 in March from its 50.4 prior reading. Also, in Japan, the quarterly Tankan survey showed a only a modest uptick in confidence among large Japanese manufacturers. In Europe, markets remained closed for the Easter holiday... COMPANY NEWS: A number of health insurers, including Humana (HUM), UnitedHealth (UNH), WellPoint (WLP) and Aetna (AET), rallied late in the trading day. The CMS announced on its website after the close that it had reversed its stance on cutting Medicare Advantage rates, giving insurers a 3.3% rate increase when a 2.2% decrease had been proposed earlier. Shares of the insurers extended their rally in after-market trading once the news was confirmed... Tesla (TSLA) shares gained $6.04, or 15.94%, to $43.93 after the company said it now expects to be profitable in the first quarter after its Model S sales exceeded 4,750 units, beating its previous expectations... MAJOR MOVERS: Among the notable gainers was American Greetings (AM), up $1.95, or 12.11%, to $18.05 after agreeing to be acquired by the family of its Chairman for $18.35 per share. Also higher were shares of Quicksilver Resources (KWK), up 35c, or 15.56%, to $2.60 after the company agreed to sell a 25% interest in its Barnett Shale oil and gas assets to a subsidiary of Tokyo Gas for $485M. Among the noteworthy losers was DFC Global (DLLR), down $3.60, or 21.63%, to $13.04 after the company lowered its earnings view for the full year. Also lower were shares of Walter Energy (WLT), down $2.26, or 7.93%, to $26.24 after Goldman reiterated its Sell rating on the company's stock... INDICES: The Dow was down 5.69, or 0.04%, to 14,572.85; the Nasdaq was down 28.35, or 0.87%, to 3,239.17; and the S&P 500 was down 7.02, or 0.45%, to 1,562.17.
News For HUM;UNH;WLP;AET;TSLA;AM;KWK;DLLR;WLT From The Last 14 Days
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May 13, 2015
06:12 EDTHUMHumana downgraded to Underperform from Neutral at Sterne Agee CRT
Sterne Agee CRT analyst Brian Wright downgraded Humana (HUM) to Underperform saying speculation about a takeover is "wishful thinking" at current share levels. The stock rallied 4% yesterday after Leerink told investors that Aetna (AET) may acquire Humana or Cigna (CI) in the near-term. Wright also sees "material" risk to Humana's earnings guidance risk with paid claims outpacing premium growth. He lowered his price target for shares to $150 from $165. Humana shares closed yesterday up $6.76 to $173.38.
May 12, 2015
16:01 EDTTSLAOptions Update; May 12, 2015
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15:46 EDTHUMHumana May volatility increases on sharp rally
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13:03 EDTAETAetna repeats view of FY15 operating EPS $7.20-$7.40, consensus $7.38
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11:53 EDTHUM, AETAnalyst predicts large transaction 'imminent' for Aetna
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10:47 EDTTSLAMaryland governor set to sign bill allowing direct Tesla sales, CNBC reports
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10:39 EDTTSLATesla spikes higher, levels to watch
Shares are up over 2.5% to $245.38 at time of writing, reversing an earlier dip. At that price next resistance is at $248.71. Support is at $244.10.
10:28 EDTHUMOptions with increasing implied volatility: YELP HUM LULU CTRX
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10:04 EDTHUM, AETHigh option volume stocks
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09:53 EDTAET, HUMAetna merger with Cigna or Humana likely 'imminent,' says Leerink
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09:38 EDTTSLAActive equity options trading on open
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06:01 EDTTSLAFTC backs Tesla's right to sell cars directly to consumers
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May 11, 2015
16:00 EDTTSLAOptions Update; May 11, 2015
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15:06 EDTAETAetna backs FY15 operating EPS $7.20-$7.40, consensus $7.38
In a regulatory filing earlier, Aetna reported that during upcoming investor meetings in May, the company expects to reaffirm its FY15 operating EPS guidance of $7.20-$7.40. Current FY15 EPS consensus is $7.38.
11:23 EDTTSLAStocks with call strike movement; TWTR TSLS
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09:37 EDTTSLAActive equity options trading on open
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07:40 EDTUNHFocus on Vertex will shift to pricing after Orkambi FDA meeting, WSJ says
An FDA advisory committee that meets Tuesday to decide whether to recommend approval of Vertexís Orkambi will be closely watched by health insurers and pharmacy-benefit managers concerned that the experimental cystic-fibrosis drug will be high-priced, said The Wall Street Journal. Vertex hasnít announced a price, but analyst at JPMorgan predict the drug will have a wholesale price of about $287,000 annually per patient. Publicly traded PBM owners include Catamaran (CTRX), which is being acquired by UnitedHealth (UNH), CVS Health (CVS) and Express Scripts (ESRX). Reference Link
07:13 EDTUNHUnitedHealth management to meet with UBS
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06:51 EDTAETAetna management to meet with Leerink
Meeting to be held in Hartford, CT on May 11 hosted by Leerink.
06:44 EDTTSLAFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
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