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Stock Market & Financial Investment News

News Breaks
May 7, 2014
06:03 EDTHUMHumana reports Q1 EPS $2.35 , consensus $1.94
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News For HUM From The Last 14 Days
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June 19, 2015
09:18 EDTHUMHumana most likely target in Managed Care, says FBR Capital
FBR Capital says Humana (HUM) is the most likely acquisition target in the Managed Care space, with Aetna (AET), Anthem (ANTM) and Cigna (CI) as the likely acquirers. The firm believes Anthem would benefit the most from the acquisition of Humana. It also thinks UnitedHealth (UNH) could look to acquire Aetna or Cigna. FBR thinks one or two more large deals in the space are possible.
07:37 EDTHUMSupreme Court decision on ACA suit due soon, says UBS
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June 18, 2015
11:31 EDTHUMOptions with increasing implied volatility
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07:51 EDTHUMIncrease in 3R backstop most positive for Humana, says Leerink
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June 17, 2015
13:00 EDTHUMHumana announces collaboration with American Diabetes Association
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11:08 EDTHUMOptions with increasing implied volatility
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07:48 EDTHUMHealth insurers seen consolidating from five to three in 'megadeals,' WSJ says
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07:42 EDTHUMAetna price target raised to $145 from $135 at Leerink
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06:04 EDTHUMHumana implied volatility of 49 at upper end of index
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June 16, 2015
12:58 EDTHUMVolatility spiked for providers of health insurance following takeover reports
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10:18 EDTHUMOptions with increasing implied volatility
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06:45 EDTHUMCigna price target raised to $180 from $145 at Deutsche Bank
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05:57 EDTHUMHumana implied volatility of 51 at upper end of index
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June 15, 2015
16:21 EDTHUMOn The Fly: Top stock stories for Monday
Stocks opened deep in negative territory after Greece failed to reach a bailout compromise over the weekend. The averages saw their lows shortly after the open and then began to rebuild and pared their losses. The averages found a level near noon, then drifted into the close with investors looking forward to the two day FOMC meeting that begins tomorrow. The committee's announcement Wednesday afternoon is sure to be the week's most closely watched event among investors. ECONOMIC EVENTS: In the U.S., industrial production declined 0.2% in May, versus expectations for a 0.2% increase in production, sending capacity utilization in the month down to 78.1%, versus expectations for 78.3% utilization. The Empire manufacturing index, which measures manufacturing activity in New York State, had a reading of -1.98 for June, versus expectations for a +6.0 reading. The NAHB homebuilder sentiment index jumped to 59 in June from 54 in May, which was above the expected increase to a reading of 56. In Europe, talks between Greece and its creditors appeared to go nowhere. The expiration of its bailout package and debt repayments due at the end of the month continue to move closer and concerns about a possible default that could trigger an exit from the euro are rising once again. COMPANY NEWS: Shares of Target (TGT) advanced 98c, or 1.23%, to $80.45 after the retailer agreed to sell its pharmacy and clinic businesses to CVS Health (CVS) for approximately $1.9B. Under the terms of the deal, CVS will acquire Target's more than 1,660 pharmacies and operate them through a store-within-a-store format and a CVS/pharmacy will be included in all new Target stores that offer pharmacy services. CVS, which said it expects this transaction to generate significant sales and prescription volumes upon closing and to generate significant operating profit over the long term, rose 34c, or 0.33%, to $102.58 following the deal announcement... United Technologies (UTX) fell $2.99, or 2.54%, to $114.61 after announcing that it will pursue the separation of the Sikorsky Aircraft business. A decision on whether the helicopter maker will be spun off or sold is expected by the end of the third quarter, the Dow member added. In conjunction with the announcement, United Technologies also lowered its FY15 EPS view to $6.55-$6.85 from $6.85-$7.05, explaining that the cut in its expectations reflects one-time separation costs as well as a decline in Sikorsky's operational expectations for the year due to weakness in the oil and gas markets. MAJOR MOVERS: Among the notable gainers was Cigna (CI), which jumped $16.19, or 11.79%, to $153.50 after The Wall Street Journal was reportedly told by a source that the company and Anthem (ANTM) have been in deal talks for months and Anthem's most recent takeover bid of $175 per share was turned down by its peer. A prior report from the Journal indicated that Humana (HUM) has hired Goldman Sachs to explore strategic alternatives and had held sale talks with companies including Cigna and Aetna (AET). This new report also noted that the largest health insurer by market cap and revenue, UnitedHealth Group (UNH), is "eyeing" Cigna and Aetna. Among the noteworthy losers was Micron (MU), which dropped 89c, or 3.56%, to $24.24 after Morgan Stanley downgraded the stock to Underweight, becoming the second firm in the last week to cut the stock to a sell or equivalent rating. Also lower were shares of SanDisk (SNDK), which fell $1.96, or 2.97%, to $64.14 after the same Morgan Stanley analyst, Joseph Moore, downgraded the stock to Equal Weight from Overweight and lowered his price target on shares to $75 from $80. INDEXES: The Dow fell 107.67, or 0.6%, to 17,791.17, the Nasdaq lost 21.13, or 0.42%, to 5,029.97, and the S&P 500 dropped 9.68, or 0.46%, to 2,084.43.
12:30 EDTHUMOn The Fly: Top stock stories at midday
Stocks on Wall Street opened deep in negative territory, following the lead of European markets that slid after the Greek debt talks over the weekend fell apart without a deal. Another round of poor economic data, including lower than expected readings on industrial production and manufacturing in New York State, did not help the negative tone in the early going. The market began to cut its losses shortly after the open and received a boost from a homebuilder sentiment index that came in higher than expected. ECONOMIC EVENTS: In the U.S., the Empire manufacturing report for June had a reading of -1.98, versus expectations for a +6.0 reading. Industrial production declined 0.2% in May, versus expectations for a 0.2% increase in production, sending capacity utilization in the month down to 78.1%, versus expectations for 78.3% utilization. The NAHB homebuilder sentiment index jumped to 59 in June from 54 in May, which was above the expected increase to a reading of 56. In Europe, talks between Greece and its creditors, including eurozone states, the European Central Bank and the International Monetary Fund, appeared to go nowhere. The expiration of its bailout package and debt repayments due at the end of the month continue to move closer and concerns about a possible default that could trigger an exit from the euro are rising once again. COMPANY NEWS: United Technologies (UTX) slid more than 2% after announcing that it will pursue the separation of the Sikorsky Aircraft business and that a decision on whether helicopter maker will be spun off or sold is expected by the end of the third quarter. In conjunction with the announcement, United Technologies also lowered its FY15 EPS view to $6.55-$6.85 from $6.85-$7.05, explaining that the cut in its expectations reflects approximately 10c-20c of one-time separation costs along with a 10c decline in Sikorsky's operational expectations for the year due to weakness in the oil and gas markets... CVS Health (CVS) struck a deal to acquire Target's (TGT) more than 1,660 pharmacies and operate them through a store-within-a-store format. As part of the deal, a CVS/pharmacy will be included in all new Target stores that offer pharmacy services, the companies added. CVS will buy Target's pharmacy and clinic businesses for approximately $1.9B and said it expects this transaction to generate significant sales and prescription volumes upon closing and to generate significant operating profit over the long term. CVS shares were fractionally higher/lower after the deal announcement, while Target shares rose more than 1%... Cigna (CI) shares surged and 12% higher after The Wall Street Journal said the company turned down a recent $175 per share takeover bid from peer Anthem (ANTM). The report follows a prior Wall Street Journal story that said Humana (HUM) was being eyed by rivals including Cigna and Aetna (AET). Humana has subsequently self-imposed a "quiet period" leading up to its earnings report. MAJOR MOVERS: Among the notable gainers was DealerTrack (TRAK), which jumped 57% after the company agreed to be acquired by Cox Automotive in an all-cash deal valued at $4B, or $63.25 per share. Also higher were Standard Pacific (SPF) and Ryland Group (RYL), which both advanced around 6% after the two jointly announced plans to combine in a "merger of equals" to create a single company that would have an equity market capitalization of approximately $5.2B, an enterprise value of approximately $8.2B, and would own or control roughly 74,000 homesites. The combined company, which will be 59% owned by current Standard Pacific shareholders and 41% owned by Ryland shareholders, will become the fourth-largest public U.S. homebuilder, behind D.R. Horton (DHI), Lennar (LEN) and PulteGroup (PHM). Among the noteworthy losers was iDreamSky (DSKY), which fell 10% after announcing that its board has received a preliminary non-binding proposal letter from the chairman of the board and CEO of the company to acquire it in a "going private" deal for $14 in cash per ADS. Also lower was Micron (MU), which dropped 4% after Morgan Stanley downgraded the stock to Underweight, becoming the second firm since last week to cut the stock to a sell or equivalent rating. INDEXES: Near midday, the Dow was down 118.91, or 0.66%, to 17,779.93, the Nasdaq was down 28.85, or 0.57%, to 5,022.26, and the S&P 500 was down 10.17, or 0.49%, to 2,083.94.
12:22 EDTHUMCigna turned down $175 per share takeover offer from Anthem, WSJ reports
Cigna (CI) and Anthem (ANTM) have been in deal talks for months and Anthem's most recent takeover bid of $175 per share was turned down by its peer, according to The Wall Street Journal, citing a person familiar with the matter. The report follows a prior Wall Street Journal story that said Humana (HUM) was being eyed by rivals including Cigna and Aetna (AET). Humana has subsequently self-imposed a "quiet period" leading up to its earnings report. Reference Link
12:10 EDTHUMCigna jumps following report of rebuffing Anthem takeover approach
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10:36 EDTHUMHumana volatility elevated, shares near record high into management meeting
Humana June call option implied volatility is at 35, July is at 39, August is at 25; compared to its 52-week range of 18 to 42, suggesting large near term price movement into a Humana management meeting co-sponsored by Citigroup and UBS.
10:26 EDTHUMOptions with increasing implied volatility
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05:51 EDTHUMStocks with implied volatility movement; BTU HUM
Stocks with implied volatility movement; Peabody (BTU) 114, Humana (HUM) 43 according to iVolatility.
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