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Stock Market & Financial Investment News

News Breaks
May 28, 2014
13:53 EDTLPNT, THC, HCA, CYHHospitals uncertain how to pay for uninsured, The Hill says
Hospitals are unsure how they will pay for uninsured patients going forward, as Medicare and Medicaid payments for such patients are set to decline this year, according to The Hill. Medicare payments for uninsured patients are set to drop this year, while Medicaid payments for the uninsured are supposed to decline in 2016, the website stated. Publicly traded hospital chains include Community Health (CYH), HCA Holdings (HCA), Tenet Healthcare (THC), and LifePoint Hospitals (LPNT). Reference Link
News For LPNT;THC;HCA;CYH From The Last 14 Days
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July 29, 2014
08:32 EDTTHCUnitedHealthcare, Tenet renew network relationship
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July 28, 2014
07:33 EDTLPNTLifePoint Hospitals price target raised to $80 from $73 at UBS
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07:32 EDTLPNTLifePoint Hospitals price target raised to $89 from $63 at RBC Capital
RBC Capital increased its price target on LifePoint after the company reported beat and raise results that the firm thinks were impressive. The firm, which believes that the beat and raise was largely driven by the ACA, is now more upbeat on the company's visibility and ability to benefit from the ACA. It keeps an Outperform rating on the stock.
July 25, 2014
07:06 EDTLPNTLifePoint Hospitals sees FY14 EPS $2.99-$3.19, consensus $2.71
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07:03 EDTLPNTLifePoint reports Q2 EPS from cont. ops. 84c, may not compare to consensus 55c
Reports Q2 revenues from continuing operations $1.05B, consensus $1.01B.
July 22, 2014
13:46 EDTLPNT, HCA, CYH, THCCourt upholds Obamacare subsidies, NY Times says
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12:16 EDTHCA, LPNT, THC, CYHU.S. to appeal ruling on health care insurance subsidies, Politico says
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July 16, 2014
16:24 EDTHCA, THCOn The Fly: Closing Wrap
Stocks on Wall Street started the trading day higher, thanks in part to solid earnings reports from some of the nationís largest companies as well as a proposed mega-merger in the entertainment industry. Investors preparing for the next round of earnings after the close, which includes reports from eBay (EBAY), Yum! Brands (YUM), and Las Vegas Sands (LVS), did so with the Dow at a new all-time high. ECONOMIC EVENTS: In the U.S., the Producer Price Index for June rose 0.4%, which was ahead of expectations for a 0.2% increase. Industrial production grew 0.2% in June, missing the forecast for 0.3% growth. The NAHB homebuilder confidence index rose to 53 in July, ahead of expectations for it to tick up 1 point to 50. Economic activity expanded in all regions of the country at a moderate to modest pace in recent weeks, the Fed reported today in its Beige Book. Consumer spending rose in every region, as retail sales grew modestly in most areas and vehicle sales were stronger than sales of most other products, the central bank reported. COMPANY NEWS: Shares of HBO and Warner Bros. parent Time Warner (TWX) surged $12.12, or 17.07%, to $83.13 after it was reported by CNBC and DealBook's Andrew Ross Sorkin that the company had received, and rejected, a takeover offer worth about $80B, or $85 per share, from Rupert Murdoch's Twenty-First Century Fox (FOXA). Both Time Warner and Fox subsequently confirmed the report, with Time Warner stating that it rejected the bid since it was "not in the best interests of stockholders" and Fox noting that the companies are not currently in discussions. Afterward, research firm Jefferies said it believes 21st Century Fox could raise its bid for Time Warner into the mid-to-upper $90's per share, but it also thinks that Time Warner would still be unlikely to accept the offer. Meanwhile, FBR Capital said Fox could pay up to $120 for Time Warner and still make an accretive deal. Class A shares of Twenty-First Century Fox ended the day down $2.19, or 6.22%, to $33.00... Shares of Apple (AAPL) initially rose after announcing last night that it would collaborate with IBM (IBM) to provide mobile solutions for businesses. Goldman Sachs analyst Bill Shope wrote in a note to investors that the deal with IBM is clearly positive for Apple, as it validates the "unique enterprise capabilities" of iOS, which has a lack of fragmentation that makes it uniquely suited for organizations. BlackBerry (BBRY), which has a focus on mobile devices for business use, slid $1.33, or 11.77%, to $9.97 after the tech giants announced their new partnership. Apple closed down 54c, or 0.57%, to $94.78, though IBM (IBM), which reports after tomorrow's close, climbed $3.87, or 2.05%, to $192.36. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which advanced $2.94, or 9.27%, to $34.65 after the semiconductor giant's second quarter results beat analysts' consensus estimates. Also higher was Tenet Healthcare (THC), which rallied $3.74, or 8.32%, to $48.71 after after another company in the hospital sector, HCA Holdings (HCA), pre-announced stronger than expected second quarter results. For its part, HCA rose $5.78, or 10.47%, to $60.99 after providing better than expected Q2 guidance and increasing its fiscal year outlook. Among the noteworthy losers was Yahoo (YHOO), which fell $1.82, or 5.11%, to $33.79 after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. Also lower were shares of Ross Stores (ROST), which fell $3.12, or 4.78%, to $62.15 after Sterne Agee downgraded its stock to Neutral from Buy and cut its price target for shares to $68 from $81, citing negative traffic trends and low visibility. INDEXES: The Dow rose 77.52, or 0.45%, to 17,138.20, the Nasdaq gained 9.58, or 0.22%, to 4,425.97, and the S&P 500 advanced 8.29, or 0.42%, to 1,981.57.
12:26 EDTTHC, HCAOn The Fly: Midday Wrap
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10:51 EDTCYH, THC, HCA, LPNTHospitals advance after HCA preliminary results beat expectations
Shares of a number of hospital stocks are rising after one of the companies in the sector, HCA Holdings (HCA), preannounced stronger than expected second quarter results. WHAT'S NEW: HCA Holdings estimated that its Q2 EPS would come in at $1.07, versus analysts' consensus forecast of 92c. The hospital operator estimated that its Q2 revenue would be $9.23B, versus the consensus estimate of $8.86B. Moreover, HCA hiked its fiscal 2014 EPS guidance, excluding certain items, to $4.00-$4.25 from its prior view of $3.45-$3.75. The company added that its same facility admissions had risen 1.2% during Q2 versus the same period a year earlier, while same facility revenue per equivalent admission is expected to jump about 5.4%. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Gary Lieberman stated that it's possible that the Affordable Care Act was responsible for most of the amount by which the company's EPS beat the consensus outlook. As a result, he thinks that the company's full-year guidance appears "rather conservative." The analyst kept an Outperform rating on HCA shares. PRICE ACTION: In mid-morning trading, Community Health (CYH) surged 8% to $46, Tenet (THC) rallied 7.5% to $48.33, Universal Health (UHS) climbed 5% to $96.44, and LifePoint (LPNT) advanced 6% to $65.06, and HCA Holdings gained 7.8% to $59.50.
10:24 EDTHCAHigh option volume stocks:
High option volume stocks: AMSC FTNT LYG TSEM FOXA HCA BKE XON LCI ASML
09:59 EDTLPNT, CYH, THC, HCAHCA Holdings guidance increase looks conservative, says Wells Fargo
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09:48 EDTTHCTenet trades higher after peer HCA raises FY14 outlook, levels to watch
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09:44 EDTHCAHCA Holdings gaps up on FY14 EPS outlook, levels to watch
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09:35 EDTTHC, LPNT, HCA, CYHHospitals rally after HCA Holdings boosts outlook
After HCA Holdings (HCA) raised its outlook for the year, peers Community Health (CYH), Tenet (THC), Universal Health (UHS) and LifePoint Hospitals (LPNT) are strongly to the upside in early trading.
09:23 EDTHCAOn The Fly: Pre-market Movers
HIGHER: Time Warner (TWX), up 15% after company confirmed that it rejected an $80B takeover offer from 21st Century Fox (FOX, FOXA), as had been reported earlier this morning... Apple (AAPL), up 2% after announcing an enterprise mobile partnership with IBM (IBM), which is also up 2%... International Game (IGT), up 9.5% after agreeing to be acquired by GTECH for $4.7B in cash and stock... FireEye (FEYE), up 5% after shares upgraded at Goldman... Precision Drilling (PDS), up 4% after announcing strategic agreement with Schlumberger (SLB), upgraded at Deutsche Bank... Mellanox (MLNX), up 4.7% following upgrade at Jefferies. UP AFTER EARNINGS: Intel (INTC), up 5.4%... HCA Holdings (HCA), up 6%... Textron (TXT), up 3.2%... Abbott (ABT), up 1%. DOWN AFTER EARNINGS: PNC Financial (PNC), down 2.5%... MGIC Investment (MTG), down 3.6%. LOWER: Yahoo (YHOO), down 3% after downgraded at CRT Capital following second quarter earnings report... Ares Capital (ARCC), down 2.5% after filing to sell 11.85M shares of common stock... Nationstar (NSM), down 2.4% after downgraded at Wells Fargo... Walter Investment (WAC), which was also downgraded at Wells Fargo, down 1.6%.
08:36 EDTHCAHCA raises FY14 adjusted EPS outlook to $4.00-$4.25 from $3.45-$3.75
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08:32 EDTHCAHCA Holdings reports Q2 same facility admissions up 1.2%
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08:32 EDTHCAHCA Holdings raises FY14 guidance
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08:31 EDTHCAHCA Holdings sees Q2 EPS approximately $1.07, consensus 92c
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