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News Breaks | | | | February 19, 2013 | | 12:09 EDT |  | OMX, DGIT, SEE, RRGB, DVA, MOH, AET, WLP, CI, UNH, WCG, HUM, SPLS, ODP, YNDX | On The Fly: Midday Wrap
Stocks on Wall Street were higher at midday despite the day’s lone domestic economic report, the National Association of Home Builders' reading on builder confidence, being a disappointment. With a light weekly data calendar and earnings season largely over except for a few big names, like Hewlett-Packard (HPQ), AIG (AIG), and Wal-Mart (WMT) that report this week, the next catalyst may need to come from Washington. On the political front, Alan Simpson and Erskine Bowles proposed a new plan for tax code changes and spending cuts, while President Obama campaigned for compromise as Democrats and Republicans remain far apart as "the sequester" deadline approaches... ECONOMIC EVENTS: In the U.S., the NAHB Housing Market Index reading of 46.0 fell short of the forecast for a reading of 48.0. In Europe, the ZEW institute's index of German investor optimism rose to 48.2 points from 31.5 in January, beating analysts' expectations... COMPANY NEWS: OfficeMax (OMX) and Office Depot (ODP) both surged after the The Wall Street Journal said the companies are in advanced talks to merge. OfficeMax rose over 22% and Office Depot advanced nearly 15%, while their chief rival, Staples (SPLS), gained 11% after several research firms, including Citigroup and Jefferies, predicted that the company would benefit significantly if such a merger goes through and as "going private" chatter about the office retailer continues to circulate... Managed care stocks slid, led by Humana (HUM), after the Centers for Medicare and Medicaid Services announced preliminary 2014 Medicare Advantage benchmark payment rates late Friday. Humana said it believes the preliminary base rates in the notice would result in a mid-single-digit decline in its benchmark payment rates and shares fell about 7%. A number of Humana's peers and other healthcare names fell also, including WellCare (WCG), UnitedHealth (UNH), Cigna (CI), Wellpoint (WLP), Aetna (AET) and DaVita (DVA)... MAJOR MOVERS: Among the notable gainers was Red Robin Gourmet Burgers (RRGB), which rose 19% after its earnings and revenue beat Street expectations. Also higher after its earnings report and guidance was Sealed Air (SEE), which jumped over 12%. Among the noteworthy losers was Digital Generation (DGIT), which fell 24% after the company reported its quarterly results and said its special committee concluded its review of strategic alternatives without recommending any transaction. Also lower after its earnings report were shares of Russian search engine company Yandex (YNDX), which declined nearly 12%... INDICES: Near noon, the Dow was up 52.13, or 0.37%, to 14,033.89; the Nasdaq was up 12.14, or 0.38%, to 3,204.17; and the S&P 500 was up 7.96, or 0.52%, to 1,527.75. | |
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News For OMX;ODP;SPLS;HUM;WCG;UNH;CI;WLP;AET;MOH;DVA;RRGB;SEE;DGIT;YNDX From The Last 14 Days Check below for free stories on OMX;ODP;SPLS;HUM;WCG;UNH;CI;WLP;AET;MOH;DVA;RRGB;SEE;DGIT;YNDX the last two weeks. |
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| May 16, 2013 | | 13:24 EDT |  | RRGB | Red Robin June volatility elevated; shares near seven-year high into Q1
 Subscribe for More Information | | | 10:10 EDT |  | HUM | Quest Diagnostics Humana acquires Concentra's laboratory business
Subscribe for More Information | | | May 15, 2013 | | 17:36 EDT | | AET | Paulson gives quarterly update on stakes
Subscribe for More Information | | | 16:55 EDT | | DVA | Berkshire Hathaway gives quarterly update on stakes
Subscribe for More Information | | | 11:45 EDT |  | DGIT | Digital Generation to host investor meeting
Investor meeting to be held in New York on May 16 at 9 am. Webcast Link | | | 06:19 EDT |  | WLP | Three WellPoint directors resign, Bloomberg reports
Subscribe for More Information | | | May 14, 2013 | | 19:35 EDT | | CI | Cigna shares could climb 20%, Barron's says
Cigna, which is up more than 50% in the past 12 months, may climb another 20% if it trades closer to 12 times earnings, which it has done in the past, says Barron's Weekday Trader. The report cites Don Wordell, manager of the RidgeWorth Mid-Cap Value Equity fund, who says Cigna's story gets better and better as the company shores up its balance sheet with smart acquisitions and the divestiture of non-core businesses. Reference Link | | | 12:16 EDT | | DGIT | Options with decreasing implied volatility: MM PANL DGIT VCLK THRX
Subscribe for More Information | | | 12:00 EDT | | AET | Aetna forms strategic alliance with Tawuniya
Subscribe for More Information | | | 10:01 EDT |  | CI | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital. | | | | 10:01 EDT |  | WLP | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:18 EDT | | WCG | BofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16. | | | 05:45 EDT | | CI | Cigna downgraded to Hold from Buy at Jefferies
Subscribe for More Information | | | 05:43 EDT | | WLP | Wellpoint upgraded to Buy from Hold at Jefferies
Subscribe for More Information | | | May 13, 2013 | | 17:51 EDT |  | WLP | Wellpoint reaffirms FY13 EPS view of 'at least' $7.75, consensus $7.99
Subscribe for More Information | | | 16:09 EDT | | CI | Cigna names Thomas McCarthy CFO to replace Ralph Nicoletti
Subscribe for More Information | | | May 10, 2013 | | 11:59 EDT | | DGIT | Options with decreasing implied volatility: GRPN DGIT BMC BAX TRIP
Subscribe for More Information | | | 10:00 EDT | | RRGB | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:25 EDT | | RRGB | Red Robin upgraded to Buy from Neutral at Northcoast
Subscribe for More Information | | | May 9, 2013 | | 11:31 EDT | | DGIT | Options with decreasing implied volatility: BMC TPX DGIT GRPN WTW
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