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Calls Purchased on Tenet Healthcare (THC)
Tuesday, September 21, 2010 - 1:35pm | 181Shares of Tenet Healthcare Corporation (NYSE: THC) are lower on the session by 0.46%, currently trading at $4.32. The stock has been moving largely lower over the past six months, off from a recent high near $6.50. Options traders are picking up some upside on THC today. A short while ago the...
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August Physician Office Visits Data Improves Slightly From Deutsche Bank
Tuesday, September 21, 2010 - 7:58am | 140According to Deutsche Bank's physician visit survery, although negative, data showed an improvement in August compared to July. Office visits were down 1.3% Y/Y vs. down 7.3% Y/Y in July. Although data may be skewed by August benefiting from an extra business day compared to last year, Deutsche...
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Key S&P Levels -- 1126 & 1147 09-20-2010
Monday, September 20, 2010 - 7:02pm | 746Cusick's Corner This market appears to be trying to get the pendulum swing to the upside -- key S&P levels to watch are 1126 support and 1147 resistance. If the market breaks the 1126 level, this could signal a deeper pullback. But if the market can accelerate to 1147 on the SPX, this would be...
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Dips Being Met with Bids 09-20-2010
Monday, September 20, 2010 - 3:16pm | 778Cusick's Corner Every dip is being met with a bid at this stage. Even though this market is at resistance and in some cases at an overbought stage, do not let that fool you into thinking that it cannot continue. The afternoon action could be interesting – this bid may squeeze the shorts and...
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Merger Arbitrage Mondays – September 20, 2010
Monday, September 20, 2010 - 4:00am | 4986Merger activity increased last week with five new deals announced and two deals closing. Deal Statistics: Total Number of Deals Closed in 2010 69 Total Number of Deals That Did Not Complete in 2010 5 Total Number of Pending Deals Cash Deals 47 Stock Deals 10 Stock & Cash Deals 13...
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VCA ANTECH INC (WOOF) - Profit Tracks
Friday, September 17, 2010 - 9:03am | 602Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
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Community Health Systems Announces New 4 Million Share Repurchase
Thursday, September 16, 2010 - 4:01pm | 89Community Health Systems, Inc. (NYSE: CYH) today announced that on September 15, 2010, its Board of Directors approved a new open market share repurchase program for up to four million (4,000,000) shares of the Company's Common Stock. The open market repurchase program will succeed an existing...
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Zacks Sell List Highlights: Revlon, VCA Antech, Meridian Bioscience and Stillwater Mining Company - Press Releases
Thursday, September 16, 2010 - 11:42am | 1300For Immediate Release Chicago, IL –September 16, 2010 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Revlon, Inc. (REV) and VCA Antech, Inc. (...
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Top 4 Stocks In the Hospitals Industry With The Highest Operating Cash Flow (CYH, UHS, THC, HMA)
Thursday, September 16, 2010 - 5:35am | 173Below are the top hospital stocks on the NYSE and the NASDAQ in terms of operating cash flow. The trailing-twelve-month operating cash flow at Community Health Systems Inc (NYSE: CYH) is $1.07 billion. CYH's shares have dipped 12.11% over the past 52-weeks, while the S&P500 index has gained 5....
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Morgan Keegan Lowers Price Target On Skilled Healthcare Group (SKH)
Tuesday, September 14, 2010 - 8:09am | 113Morgan Keegan is lowering its price target on shares of Skilled Healthcare Group (NYSE: SKH) to $5 from $6, after the company settled some litigation against it. In the research note, Morgan Keegan writes, "The company expects to incur $9.6 million in compliance costs over the next 18 months. We...
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Benzinga's Top Downgrades (EOC, CPB, E, SKH)
Tuesday, September 14, 2010 - 7:41am | 144Empresa Nacional de Electricidad (NYSE: EOC) was downgraded by Deutsche Bank from “buy” to “hold.” EOC's shares closed at $54.49 yesterday. EOC's quarterly earnings fell 30.43% y/y. Goldman downgraded Campbell Soup Company (NYSE: CPB) from "neutral" to "sell." CPB's stock closed at $36.06 yesterday...
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Universal Health Services Inc. Announces $250 Million Offering
Tuesday, September 14, 2010 - 7:36am | 93Universal Health Services, Inc. (NYSE: UHS) today announced an offering of $250.0 million aggregate principal amount of senior unsecured notes due 2018. The Notes will initially be issued by UHS Escrow Corporation, a wholly owned subsidiary of UHS, to fund a portion of the purchase price of the...
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Universal Health Services, Inc. Announces Resignation of Michael Marquez, President of the Acute Care Division
Monday, September 13, 2010 - 9:07am | 136Universal Health Services, Inc. (NYSE: UHS) today announced that Michael Marquez has resigned as President of the Acute care division. He plans to relocate to Florida for personal and family reasons. Mr. Marquez has served as President of the Acute care division since May, 2009 and had previously...
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HealthSouth Declares Dividend of $16.25 on Preferred Stock
Thursday, September 9, 2010 - 2:11pm | 45HealthSouth Corporation (NYSE: HLS) announced today that its board of directors has declared a regular quarterly dividend of $16.25 per share on its 6.5% Series A Convertible Perpetual Preferred Stock, payable on Oct. 15, 2010, to holders of record on Oct. 1, 2010.
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Top Narrow Based Indexes For September 9 (EXAS, CYH, NGLPF)
Thursday, September 9, 2010 - 1:10pm | 189By 12:46 pm, the Dow Jones Industrial Average was up 54.19 points, or 0.52%, to 10441.20, while the broader Standard & Poor's 500 index had gained 8.48 points, or 0.77%. The NASDAQ composite index rose 16.50 points, or 0.74%. Some of the narrow based indexes that are driving the market are...