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Stock Market & Financial Investment News

News Breaks
February 19, 2013
12:09 EDTOMX, DGIT, SEE, RRGB, DVA, MOH, AET, WLP, CI, UNH, WCG, HUM, SPLS, ODP, YNDXOn 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.
News For OMX;ODP;SPLS;HUM;WCG;UNH;CI;WLP;AET;MOH;DVA;RRGB;SEE;DGIT;YNDX From The Last 14 Days
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October 16, 2014
09:23 EDTUNHOn The Fly: Pre-market Movers
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09:12 EDTUNHUnitedHealth expects top, bottom-line growth acceleration in next two years
Says seeing steady progress across all businesses. Believes products well positioned locally. Says on-course to participate in 2 dozen state exchanges in FY15. Says consensus estimates for FY15 outlook are "well calibrated". Says "feels good" about the company's FY15 position. Expects to grow meaningfully at sustainable margins in FY15. Expects to grow earnings across the board for FY15. Says all of its businesses are better positioned for FY15 as opposed to FY14. Says Obamacare exchange business is expected to be profitable in FY15. Says Optum unit sales will be above targets. Says will grow y just under 1M Medicaid members this year. Comments made during the company's Q3 earnings conference call.
08:37 EDTWCGWellCare receives NCQA quality accreditation for Medicaid, Medicare plans in KY
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06:10 EDTUNHUnitedHealth reports Q3 Employer & Individual revenue $10.6B
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06:08 EDTUNHUnitedHealth: Affordable Care Act reduced Q3 by 80 basis points
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06:07 EDTUNHUnitedHealth sees FY14 EPS $5.60-$5.65, consensus $5.58
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06:01 EDTUNHUnitedHealth reports Q3 EPS $1.63, consensus $1.53
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October 15, 2014
15:28 EDTUNHNotable companies reporting before tomorrow's open
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13:52 EDTAETAetna will not renew contract for Delaware Medicaid program
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11:02 EDTDVAWashington Trust provides $4.84M in financing for Connecticut building
Washington Trust's Commercial Real Estate Group recently provided $4.84M to Newtown Medical Office I to finance the construction of a two-story suburban medical office building in Newtown, Connecticut. The building will feature 25,806 square-feet of rentable space. More than 9,400 square-feet of the building is leased to national dialysis treatment providers, DaVita, a division of DaVita HealthCare Partners (DVA). The Washington Trust Company is a subsidiary of Washington Trust Bancorp (WASH).
07:27 EDTWLP, MOHModern Healthcare to hold a virtual conference
Building Tomorrow's Delivery Model: Forging a Path to Value is being held on October 15 at 9:30 am. Webcast Link
October 14, 2014
10:01 EDTCIOn The Fly: Analyst Downgrade Summary
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08:40 EDTCICigna downgraded at Sterne Agee
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07:05 EDTUNHUnitedHealth October volatility elevated into Q3 and guidance
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05:49 EDTCICigna downgraded to Neutral from Buy at Sterne Agee
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October 13, 2014
07:39 EDTHUMPharmaceutical Care Management Association to hold annual meeting
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07:15 EDTUNHNational Association of Corporate Directors to hold a conference
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October 9, 2014
09:41 EDTSPLSBofA/Merrill retail analysts hold an analyst/industry conference call
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08:03 EDTWLP, AETWellPoint named top Managed Care pick at Jefferies
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06:33 EDTUNHMaximus appoints Kelly Clark as new Chief Information Officer
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