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Stock Market & Financial Investment News

News Breaks
February 19, 2013
12:09 EDTDGIT, DVA, WLP, WCG, ODP, SEE, MOH, CI, HUM, OMX, YNDX, RRGB, AET, UNH, SPLSOn 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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November 19, 2014
06:09 EDTSPLSStaples reports Q3 EPS 37c, consensus 36c
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05:58 EDTSPLSStocks with implied volatility above IV index mean; BBY SPLS
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November 18, 2014
15:21 EDTSPLSNotable companies reporting before tomorrow's open
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15:17 EDTSPLSStaples technical comments ahead of earnings
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14:46 EDTSPLSStaples November volatility elevated into Q3 and outlook
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November 17, 2014
14:06 EDTHUMHumana to offer plans on 15 state ACA individual market exchanges in 2015
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10:02 EDTODPOn The Fly: Analyst Downgrade Summary
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07:16 EDTAETMilken Institute--Faster Cures to hold a conference
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06:21 EDTODPOffice Depot downgraded to Neutral from Buy at Goldman
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November 16, 2014
14:08 EDTDVADaVita announces collaboration with Medtronic
DaVita Kidney Care, a division of DaVita HealthCare Partners (DVA) and leading provider of kidney care services, announced a collaboration with Medtronic (MDT) to better understand cardiovascular health in end stage renal disease, ESRD patients. The collaboration will focus on developing a pilot program using Medtronic's Reveal LINQ Insertable Cardiac Monitoring system to identify cardiac arrhythmias in patients receiving dialysis. "Medtronic recently announced data at the American Society of Nephrology meeting that showed a higher incidence of arrhythmias in patients receiving hemodialysis," said Ven Manda, vice president, Renal Care Solutions at Medtronic. "We are pleased to pursue this collaboration with DaVita to monitor more patients and gather additional data that will further our understanding of the relationship between dialysis and cardiac events in ESRD patients." "Given the high incidence rate of cardiovascular disease and events in ESRD patients, we believe that by collaborating with Medtronic, we can gain knowledge to help improve the lives of ESRD patients," said Mahesh Krishnan, vice president for clinical innovation and public policy for DaVita HealthCare Partners. "Through the collaboration we expect to utilize innovative monitoring technology and data from our DaVita Kidney Care information systems across the country. This effort is poised to improve the lives of patients by proactively detecting and preventing cardiac complications."
November 14, 2014
16:52 EDTCIGreenlight Capital gives quarterly update on stakes
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08:04 EDTWLPWellPoint, Boehringer Ingelheim announce first project under collaboration
Boehringer Ingelheim Pharmaceuticals, WellPoint and HealthCore, announced that the companies are commencing a research project to identify and address unmet medical needs across populations of mutual interest. The first stage of the project will focus on non-valvular atrial fibrillation and will examine disease prevalence, treatment complications, such as hospital readmissions, and the use of evidence-based guidelines. This project is the first under the parties’ five-year research collaboration agreement, signed earlier this year. Information gathered through the NVAF project is intended to provide the basis for the collaborative development of healthcare interventions, which can be evaluated within WellPoint’s affiliated health plans and provider networks.
06:22 EDTSPLSStocks with implied volatility above IV index mean; SPLS SINA
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November 13, 2014
16:40 EDTWCGPennant Capital reports 7.0% passive stake in WellCare
10:51 EDTSPLSStaples November volatility elevated into Q3 and outlook
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10:16 EDTODPOffice Depot, OfficeMax stores to open at 6pm on Thanksgiving Day
Office Depot and OfficeMax retail stores will be open from 6-9 p.m. local time on Thanksgiving Day, Nov. 27, and will re-open on Black Friday, Nov. 28, at 8 a.m.
November 12, 2014
08:58 EDTWLP, HUM, AET, CI, MOHManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
08:02 EDTAETCredit Suisse to hold a conference
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07:55 EDTAETAetna to reaffirm FY14 operating EPS view $6.60-$6.70, consensus $6.68
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07:31 EDTUNHUnitedHealth announces formation of office of the CEO
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