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Stock Market & Financial Investment News

News Breaks
April 2, 2013
09:22 EDTT, INO, HUM, NDAQ, VZ, EZPW, AET, OMPI, BGCP, VOD, AFFY, UNH, HPQOn The Fly: Pre-market Movers
HIGHER: Obagi Medical (OMPI), up 14.9% after Mez Pharma proposes to acquire Obagi for $22 per share... Nuance (NUAN), up 8.5% after Carl Icahn reports 9.27% passive stake... Vodafone (VOD), up 5.2% after FT Alphaville says Verizon (VZ), AT&T (T) may consider offer to break-up and buy Vodafone assets... Humana (HUM), up 9.4%, UnitedHealth (UNH), up 4.2%, Aetna (AET), up 4.2%, after CMS issues final 2014 Medicare Advantage rates that were significantly better than original announcement... BGC Partners (BGCP), up 44.2% after selling treasuries platform to Nasdaq (NDAQ) for up to $1.234B in cash and stock. Nasdaq shares down 5.4% in pre-market after deal announced... ALSO LOWER: Inovio (INO), down 13.3% after collaborator ChronTech reports interim Phase II results from study of vaccine to treat hepatitis C virus... Hewlett-Packard (HPQ), down 4.3% following downgrade to Sell rating at Goldman... EZCORP (EZPW), down 3.1% after downgrade to Underperform at FBR Capital... DOWN AFTER EARNINGS: Affymax (AFFY), down 9.6%.
News For VOD;VZ;T;BGCP;NDAQ;HPQ;OMPI;HUM;UNH;AET;INO;AFFY;EZPW From The Last 14 Days
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April 16, 2015
06:08 EDTUNHUnitedHealth reports Optum revenue $12.8B
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06:06 EDTUNHUnitedHealth reports Q1 medical care ratio down 140 basis points to 81.1%
The first quarter operating cost ratio of 16.6% increased 20 basis points year-over-year due to higher growth in services businesses. The first quarter tax rate of 43.3% increased 130 basis points year-over-year due to higher levels of nondeductible ACA fees. First quarter days sales outstanding of 13 days increased 1 day year-over-year, due to higher growth in government programs. Days claims payable was flat year-over-year at 47 days.
06:05 EDTUNHUnitedHealth says Catamaran combination to contribute 30c to 2016 earnings
06:05 EDTUNHUnitedHealth raises FY15 EPS to $6.15-$6.30 from $6.00-$6.25, consensus $6.21
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06:01 EDTUNHUnitedHealth reports Q1 EPS $1.46, consensus $1.35
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April 15, 2015
14:46 EDTUNHUnitedHealth technical notes before earnings
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14:21 EDTUNHUnitedHealth April volatility elevated into Q1 and outlook
UnitedHealth April call option implied volatility is at 58, May is at 26, June is at 23; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 16.
11:51 EDTUNHExpress Scripts down 2% as Walgreens speaks at analyst day
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07:58 EDTHPQTsinghua confirms talks for controlling stake in HP unit in China, WSJ reports
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06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
05:10 EDTHPQHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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April 13, 2015
20:16 EDTVZ, TUSTelecom files net neutrality lawsuit against FCC
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19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link
10:58 EDTAET, HUM, UNHCigna, Humana seen as potential takeover targets in Managed Care space
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10:00 EDTUNHOn The Fly: Analyst Upgrade Summary
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07:33 EDTHUM, AET, UNHJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
07:16 EDTVZTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
07:03 EDTUNHUnitedHealth upgraded to Buy from Hold at Jefferies
Jefferies upgraded UnitedHealth to Buy saying the company's outlook continues to improve. It believes headwinds are turning to tailwinds in UNH's Medicare Advantage business and raised its price target for shares to $141 from $106.
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