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Stock Market & Financial Investment News

News Breaks
July 22, 2014
13:46 EDTCNC, CI, HNT, CYH, UNH, AGP, HS, WLP, THC, LPNT, MOH, AET, HUM, WCG, UHS, HCACourt upholds Obamacare subsidies, NY Times says
The United States Court of Appeals for the Fourth Circuit in Richmond earlier today upheld Obamacare subsidies in states that do not operate their own Obamacare exchanges, according to the New York Times. The decision came hours after United States Court of Appeals for the District of Columbia Circuit issued the opposite ruling, deciding that the government could not disburse subsidies in states that do not operate Obamacare exchanges. Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).Publicly traded hospitals include Community Health (CYH), HCA Holdings (HCA), LifePoint Hospitals (LPNT), Tenet (THC) and Universal Health (UHS). Reference Link
News For WCG;WLP;HNT;HUM;HS;CI;AET;AGP;CNC;MOH;UNH;HCA;LPNT;CYH;UHS;THC From The Last 14 Days
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February 24, 2015
07:31 EDTCYHRBC Capital to hold a conference
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07:04 EDTCIUroplasty announces positive coverage decision for tibal nerve stimulation
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February 23, 2015
19:40 EDTUHS, WCG, UNH, HNT, MOH, THC, LPNT, HUM, HCA, CYH, CNC, AET, CILeerink healthcare services analyst holds an analyst/industry conference call
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16:27 EDTHUM, WCG, UNHOn The Fly: Closing Wrap
Stocks on Wall Street began the session in negative territory and remained there for most of the session, with the Nasdaq the lone index to post a small gain. The Dow was weighed down by shares of Boeing (BA), which slid after the stock received a downgrade. There was little in the way of positive economic news, as the most notable report showed existing homes were lower than expected due to a shortage of inventory. The averages drifted for most of the session, as investors may be waiting on the sidelines ahead of tomorrow’s banking panel testimony by Fed Chair Janet Yellen. ECONOMIC EVENTS: In the U.S., the Chicago Fed national activity index rebounded to 0.13 in January, which was nearly in-line with expectations. Existing home sales dropped 4.9% to a 4.82M rate in January, which was much worse than the expected 1.8% drop to a 4.95M unit rate. In Europe, the Ifo Institute’s measure of German business confidence rose to 106.8 in February, which was up a tenth of a percentage point from the previous month but below the 107.7 consensus forecast. Also, the Bank of Israel became the latest central bank to cut rates this year, lowering its main interest rate to 0.1% from 0.25%. COMPANY NEWS: The shares of a number of health insurers rose after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for the insurers. Following the CMS announcement made late Friday, Humana (HUM) climbed $8.40, or 5.38%, to $164.52, UnitedHealth (UNH) rose $3.78, or 3.36%, to $116.40, and WellCare (WCG) gained $4.68, or 5.53%, to $89.30. MAJOR MOVERS: Among the notable gainers was PTC Therapeutics (PTCT), which jumped $9.77, or 17.7%, to $64.96 after Reuters said the company is working with financial advisers to explore a potential sale after receiving takeover interest from several companies including Shire (SHPG) and BioMarin (BMRN). Also higher was Valeant (VRX), which rose $25.49, or 14.71%, to $198.75 after the company agreed to buy Salix (SLXP) for $158 per share and also reported better-than-forecast earnings. Salix shares, however, fell $2.09, or 1.32%, to $155.76, as a report Friday from CNBC's David Faber telegraphed the deal and suggested Valeant could value Salix around $160 per share. Among the noteworthy losers was Spectrum Pharmaceuticals (SPPI), which dropped $1.18, or 15.82%, to $6.28 after a judge ruled that a drug which could compete with the company's Fusilev treatment does not infringe on the company's intellectual property. Also lower were shares of Boeing, which fell $3.57, or 2.26%, to $154.74 after the stock was downgraded to Sell from Neutral at Goldman Sachs. INDEXES: The Dow fell 23.60, or 0.13%, to 18,116.84, the Nasdaq gained 5.01, or 0.1%, to 4,960.97, and the S&P 500 slipped 0.64, or 0.03%, to 2,109.66.
15:23 EDTTHCNotable companies reporting after market close
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12:21 EDTHS, WCG, MOH, CI, CNC, HNT, AET, UNH, HUMOn The Fly: Midday Wrap
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11:10 EDTMOH, CI, HNT, CNC, AGP, AET, WCG, HS, UNH, HUMHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
09:33 EDTHUMHumana 'evaluating all operational avenues' after CMS notice
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09:03 EDTAETAetna sees preliminary CMS rates to lower funding for MA business 1% in 2016
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08:05 EDTMOH, HS, UNH, AGP, CI, HUM, HNT, AET, WCG, CNCCMS releases preliminary Medicare Advantage rates for 2016
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February 22, 2015
17:23 EDTHCAHCA Holdings could rise 20%, Barron's says
HCA Holdings could rise 20%, to about $86.00 per share, in the next year as the company's core hospital business grows, Barron's contends in a feature article. Reference Link
February 20, 2015
08:51 EDTMOHMolina Healthcare estimates raised above Street at Sterne Agee
Sterne Agee raised its 2015 EPS estimate for Molina to $3 from $2.13 and increased its 2016 EPS estimate for the company to $4 from $2.95. The firm thinks the company's medical cost results will be better than its current guidance.
08:41 EDTAET, CI, UNHInsurers should be bought on weakness related to MA rates, says BMO Capital
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February 19, 2015
16:39 EDTCYHCommunity Health sees FY15 revenue $19.6B-$20.6B, consensus $20.5B
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16:26 EDTCYHCommunity Health reports Q4 EPS $1.12, consensus $1.19
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10:42 EDTHUMHumana discloses DoJ Civil Division request for information
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February 18, 2015
08:21 EDTWCGWellCare price target raised to $105 from $95 at Leerink
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07:57 EDTCICigna management to meet with UBS
Field trip to company headquarters to be held in Bloomfield, CT on February 18 hosted by UBS.
07:29 EDTWCGWellCare management team has improved, says Stifel
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06:56 EDTHNT, HS, HUM, AET, MOH, UNH, CNC, WCG, CI, AGP, WLPObamacare enrollment exceeded goal, Politico reports
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