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Eyes Were On Egypt 02-10-2011
Thursday, February 10, 2011 - 8:01pm | 858Cusick's Corner The market bounced on Egyptian President Mubarak's news conference where he vowed to step down in September. The Egypt ETF, EGPT, also bounced but we will have to see what happens if the crowds at Tahrir Square do not orderly dissipate. This news was expected -- Mubarak already...
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DaVita, Inc. Reports Q4 EPS of $1.13 vs. $1.12
Thursday, February 10, 2011 - 5:00pm | 85DaVita Inc. (NYSE: DVA) today announced results for the quarter and year ended December 31, 2010. Net income attributable to DaVita Inc. for the quarter and year ended December 31, 2010, excluding after-tax debt refinancing and redemption charges of $42.9 million and $45.4 million respectively, was...
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Puts Purchased on DaVita Inc. (DVA)
Thursday, February 10, 2011 - 2:28pm | 145Shares of DaVita Inc. (NYSE: DVA) are lower on the session by 0.07%, currently trading at $75.94. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
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Puts Purchased on Omnicare, Inc. (OCR)
Thursday, February 10, 2011 - 2:24pm | 142Shares of Omnicare, Inc. (NYSE: OCR) are higher on the session by 0.78%, currently trading at $27.04. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
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The Right Investments Pay Dividends
Thursday, February 10, 2011 - 11:29am | 966The health care industry seems to have a better grasp of what President Obama's reforms mean for business. Now executives can calculate their next steps, and investors are pushing up prices for shares of health care related stocks. For income investors...
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The Right Investments Pay Dividends
Thursday, February 10, 2011 - 11:29am | 966The health care industry seems to have a better grasp of what President Obama's reforms mean for business. Now executives can calculate their next steps, and investors are pushing up prices for shares of health care related stocks. For income investors...
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Laboratory Corp. of America Beats Estimates (LH)
Thursday, February 10, 2011 - 7:58am | 174Burlington, North Carolina-based Laboratory Corporation of America (NYSE: LH) on Thursday morning released financial results that beat Wall Street expectations. Laboratory Corporation of America reported that its 4th quarter net earnings fell to $131.8 million, or $1.26 per share, down from $142.7...
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Jefferies Believes Kindred Healthcare's Acquisition Of RehabCare Will Be Accretive Near-Term
Wednesday, February 9, 2011 - 10:08am | 160Jefferies & Company has published a research report on Kindred Healthcare (NYSE: KND) after the company showed its transaction with RehabCare Group (NYSE: RHB) should be accretive near-term. In the report, Jefferies writes "With the acquisition of RehabCare (RHB, $37.05, NC), KND is now...
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Arcadia Resources Reports Q3 EPS of $0.01 vs. $(0.01)
Wednesday, February 9, 2011 - 9:34am | 55Arcadia Resources, Inc. (NYSE: KAD) today announced fiscal 2011 third quarter net revenues of $26.2 million and a consolidated net loss of $2.3 million, or $0.01 per share, which compares to net revenue of $25.7 million and a consolidated net loss of $3.2 million, or $0.02 per share, for the same...
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Morgan Keegan Raises RHB Estimates Upon KND Acquisition
Wednesday, February 9, 2011 - 9:10am | 172RehabCare Group (NYSE: RHB) reported fourth quarter EPS of $0.66 ($0.69 including a hospital sold on January 1), “well ahead of our $0.59 estimate,” Morgan Keegan reports. “Revenues of $339 million beat our $336 million estimate,” Morgan Keegan writes. “The 13.0% EBITDA margin topped our estimate...
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Jefferies Maintaining Hold Rating On Lincare (LNCR)
Tuesday, February 8, 2011 - 12:31pm | 130Jefferies maintained their Hold rating after Lincare (NASDAQ: LNCR) reported Q4 earnings last night. Jefferies found that “Q4 organic revenue growth of 8% was lighter than what we expected, and was likely impacted by weak demand for discretionary items such as CPAP equipment and respiratory...
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Top Narrow Based Indexes For February 8 (RHB, CCME, SA)
Tuesday, February 8, 2011 - 11:56am | 210By 10:50 am, the Dow Jones Industrial Average was up 28.49 points, or 0.23%, to 12,190.12, while the broader Standard & Poor's 500 index had gained 2.06 points, or 0.16%. The NASDAQ composite index rose 1.62 points, or 0.06%. Some of the narrow based indexes that are supporting the markets are...
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Top Performing Industries For February 8 (SKY, BYD, LNCR, CDE)
Tuesday, February 8, 2011 - 11:13am | 202At 10:10 am, the Dow gained 0.10% to 12,174.19, the broader Standard & Poor's 500 index moved up 0.04% to 1,319.57 and the NASDAQ composite index rose 0.08% to 2,786.09. The industries that are supporting the market today are: Manufactured Housing: This industry jumped 3.57% by 10:10 am. The...
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Morning Market Movers (RHB, OCLS, KND, NOVB)
Tuesday, February 8, 2011 - 11:00am | 155Rehabcare Group Inc (NYSE: RHB) jumped 46.25% to $37.25 at 10:00 am. Kindred Healthcare (NYSE: KND) agreed to purchase RHB for around $900 million in cash and stock. Oculus Innovative Sciences Inc (NASDAQ: OCLS) shares advanced 28.26% to $2.36. OCLS received a new FDA 510(k) clearance for its...
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Kindred Healthcare to Acquire RehabCare Group (KND, RHB)
Tuesday, February 8, 2011 - 9:49am | 440Kindred Healthcare, Inc. (NYSE: KND) and RehabCare Group, Inc. (NYSE: RHB) today jointly announced the signing of a definitive merger agreement under which Kindred will acquire RehabCare. Under the terms of the merger agreement, each stockholder of RehabCare common stock will receive $26 per share...