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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 7, 2014
06:15 EDTHUMHumana raises FY14 revenue $48B-$49B from $47B-$49B, consensus $48.64B
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06:11 EDTHUMHumana to inititae $500M accelerated repurchase program after market close
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06:10 EDTHUMHumana reports Q3 EPS $1.85, consensus $2.31
Reports Q3 revenue $12.24B, consensus $12.34B
06:07 EDTHUMHumana expects 2015 individual Medicare Advantage membership to grow to 255K
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06:07 EDTHUMHumana to inititae $500M accelerated repurchase program after market close
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06:07 EDTHUMHumana sees FY15 revenue $53.5B-$54.5B, consensus $53.66B
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06:06 EDTHUMHumana sees meaningful increase in enterprise wide benefit of higher membership
The company said, "We expect the strong value proposition we provide our members, such as high Star quality ratings, relatively flat premiums and benefits and stable provider networks, will position us well for further membership growth and increasing return on capital.”
06:05 EDTHUMHumana sees FY15 EPS $8.50-$9.00, consensus $8.83
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06:05 EDTHUMHumana narrows FY14 adjusted EPS to $7.40-$7.60 from $7.25-$7.75
FY14 EPS consensus of $7.75
06:05 EDTHUMHumana reports Q3 EPS $1.85, consensus $2.31
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November 6, 2014
17:43 EDTDVADaVita sees 'serious' headwinds in 2016
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17:40 EDTDVADaVita says FY16 operating income may be lower than FY15
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16:21 EDTDVADaVita sees 2014 operating income $1.785B-$1.835B
Previous outlook $1.755B-$1.84B. DaVita sees operating 2015 consolidated operating income $1.75B-$1.90B.
16:20 EDTDVADaVita reports Q3 EPS 90c, consensus 90c
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15:27 EDTHUMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Humana (HUM), consensus $2.00; Brookfield Asset Management (BAM), one estimate 33c; Magnum Hunter (MHR), consensus (16c); Cooper Tire & Rubber (CTB), consensus 72c; E. W. Scripps (SSP), consensus 6c; Isis Pharmaceuticals (ISIS), consensus (20c); ViaSat (VSAT), consensus 15c; Dresser-Rand (DRC), consensus 63c; Intercept Pharmaceuticals (ICPT), consensus ($1.10).
15:27 EDTDVANotable companies reporting after market close
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13:22 EDTMOHMolina Healthcare price target raised to $58 from $53 at Wedbush
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11:01 EDTCICigna, CSMS-IPA launch collaborative care initiative
Cigna and the Connecticut State Medical Society-IPA launched a collaborative care initiative to improve patient access to health care, enhance care coordination. The program became effective October 1.
09:25 EDTHUMHumana November weekly volatility elevated into Q3 and outlook
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06:19 EDTDVADaVita, Centura Health partners form new JV in Colorado, Kansas
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