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Jefferies Opens LPNT With Buy
Thursday, April 14, 2011 - 5:53am | 50Analysts at Jefferies initiate coverage of LifePoint Hospitals Inc (NASDAQ: LPNT) with a “buy” rating. The target price for LPNT is set to $49. LPNT shares fell 0.69% to close at $38.86 yesterday. More Analyst Ratings here
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Jefferies Initiates THC With Buy
Thursday, April 14, 2011 - 5:47am | 50Analysts at Jefferies initiate coverage of Tenet Healthcare Corporation (NYSE: THC) with a “buy” rating. The target price for THC is set to $9.50. THC shares fell 0.30% to close at $6.54 yesterday. More Analyst Ratings here
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Fast Money Picks For April 14th (BX, THC, BTU)
Wednesday, April 13, 2011 - 6:34pm | 166On CNBC's Fast Money, Stephen Weiss recommended a short position in the steel companies, because they are technically broken down, and the production of automobiles is lower. Guy Adami thinks that The Blackstone Group L.P. (NYSE: BX) should be bought tomorrow. The Blackstone Group L.P. (BX) gained...
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Market Waits for Obama's Speech on Deficit 04-13-2011
Wednesday, April 13, 2011 - 1:52pm | 913Cusick's Corner In action overnight -- the Nikkei was very strong, plus earnings solid -- JPM beats. This supports the bulls at this stage but the market is waiting to hear the President's outline for the budget. One thing that the markets will be listening for is tax code changes, specifically...
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SunLink Health Systems Not Commenting on Unusual Trading Activity
Wednesday, April 13, 2011 - 8:31am | 158SunLink Health Systems, Inc. (NYSE: SSY) announced that its policy is to not comment on unusual market activity or rumors. In view of the unusual market activity in the stock of SunLink Health Systems, Inc., the NYSE has contacted the company in accordance with its usual practice; the company...
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Citigroup Downgrades Skilled Healthcare to Hold, PT At $16
Wednesday, April 13, 2011 - 7:22am | 24Citigroup has downgraded Skilled Healthcare (NYSE: SKH) from Buy to Hold and maintains its $16 price target.
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Top Percentage Gainers And Losers As Of 3:30 p.m. 4/12/2011 (CYH, THC, IDIX, BAC, ANIK, SKH, JPM, UAL, BIOD, SCEI, DGW, CCRT, WMS, EXTR, LFT, SB, HOGS, CAAS, SGI)
Tuesday, April 12, 2011 - 2:48pm | 585Best 1) Community Health Systems (NYSE: CYH): Shares have continued to build on earlier gains, currently up 18.77% to $30.75; sitting near the highs of the day. Skepticism has grown about Tenet Healthcare's (NYSE: THC) lawsuit against the company. The stock took a huge hit in yesterday's session...
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Top Percentage Gainers And Losers As Of 2 p.m. 4/12/2011 (CYH, THC, IDIX, BAC, SKH, JPM, BIO, REDF, DEER, THC, CYTX, CCRT, WMS, EXTR, LFT, SB, DRRX, BRNC, MCRL)
Tuesday, April 12, 2011 - 1:09pm | 558Best 1) Community Health Systems (NYSE: CYH): Shares are surging 13.09% to $2.32 as skepticism grows about Tenet Healthcare's (NYSE: THC) lawsuit against the company. The stock took a huge hit in yesterday's session, trading down as low as $22.32 after Tenet's lawsuit alleging illegal admission...
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Top Narrow Based Indexes For April 12 (CYH, ZNH, HVT)
Tuesday, April 12, 2011 - 9:30am | 211By 10:25 am, the Dow Jones Industrial Average was down 121.09 points, or 0.98%, to 12,260.02, while the broader Standard & Poor's 500 index had dropped 12.12 points, or 0.92%. The NASDAQ composite index fell 29.61 points, or 1.07%. Some of the narrow based indexes that are still afloat in the...
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Top Percentage Gainers And Losers As Of 10 a.m. 4/12/2011 (CYH, THC, SKH, JPM, EXEL, GS, TIBX, HPQ, SIFY, WMS, GFRE, EXTR, SB, AIB, CCRT, GIL, THLD, BRNC, SIMG)
Tuesday, April 12, 2011 - 9:28am | 464Best 1) Community Health Systems (NYSE: CYH): Shares are vaulting 16.57% to $30.18. The stock took a huge hit in yesterday's session, trading down as low as $22.32 after Tenet Healthcare (NYSE: THC) filed a lawsuit against the company alleging illegal admission of patients in order to benefit...
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Morning Market Movers (INVE, SSY, CYH, SKH)
Tuesday, April 12, 2011 - 8:52am | 160Identive Group Inc (NASDAQ: INVE) shares surged 19.17% to $3.17 at 9:50 am. INVE has been selected as the exclusive supplier of near field communication (NFC) RFID stickers for Google Places in Austin, Texas. SunLink Health Systems Inc (AMEX: SSY) climbed 17.70% to $2.46. SSY shares have dropped...
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David Faber, on CNBC, Discusses The Tenet Health and Community Health Systems Lawsuit (THC, CYH)
Tuesday, April 12, 2011 - 8:21am | 47David Faber, on CNBC, discusses the Tenet Health (NYSE: THC) and Community Health Systems (NYSE: CYH) lawsuit. CRT Capital Group and Citigroup have issued statements on their analysis of the lawsuit.
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Chatter Of Sale Of Business Of Skilled Healthcare (SKH)
Tuesday, April 12, 2011 - 8:15am | 66Hearing chatter Skilled Healthcare (NYSE: SKH) possibly seeking sale of real estate business. This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be correlated with increased volatility in securities, price...
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Top Percentage Gainers And Losers As Of 8:45 a.m. 4/12/2011 (EXEL, GS, KITD, CYH, CBLI, LVLT, UBS, EXTR, AA, BBL, F, BP)
Tuesday, April 12, 2011 - 7:58am | 372Best 1) Excelixis (NASDAQ: EXEL): Trading up 11.67% to $12.34 after a report came out saying that the company is working Goldman Sachs (NYSE: GS) to prepare for takeover offers. The action is in response to a positive study regarding its experimental prostate-cancer drug. 2) Kit digital (NASDAQ:...
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Goldman Sachs Comments On Tenet Healthcare's Recent Lawsuit Filing Against Community Health
Tuesday, April 12, 2011 - 7:28am | 193Tenet (NYSE: THC) recently filed a lawsuit against Community Health (NYSE: CYH) alleging CYH has been “systematically overbilling Medicare and likely other payers by converting emergency room visits to medically unnecessary inpatient admissions.” As part of its argument, THC alleges that CYH use of...