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Spreads Around Earnings 11-10-2010
Wednesday, November 10, 2010 - 6:56pm | 989Cusick's Corner While a 15 point range in the December E-Mini S&P futures was a nice trading day for scalpers, it was a thorny consolidation for investors. As noted in the past two Corners, there have been few major catalysts to get the market moving in one direction or the other. The market...
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10 Undervalued, Unloved S&P 500 Stocks
Wednesday, November 10, 2010 - 9:01am | 374BOSTON (TheStreet) -- With QE2 likely to buoy the stock market through year-end, investors should seek undervalued stocks, which may get the biggest boost. Here are 10 of the cheapest S&P 500 stocks based on forward earnings multiples. Below, they are ordered from cheap to cheapest. 10. SLM...
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10 Undervalued, Unloved S&P 500 Stocks
Wednesday, November 10, 2010 - 9:01am | 374BOSTON (TheStreet) -- With QE2 likely to buoy the stock market through year-end, investors should seek undervalued stocks, which may get the biggest boost. Here are 10 of the cheapest S&P 500 stocks based on forward earnings multiples. Below, they are ordered from cheap to cheapest. 10. SLM...
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Aetna and Saint Barnabas Health Care System Reach Agreement
Tuesday, November 9, 2010 - 3:02pm | 60Aetna (NYSE: AET) and Saint Barnabas Health Care System (SBHCS) today announced a new contract agreement that will enable Aetna members who receive care at any of the SBHCS hospitals and facilities to continue to be covered at the in-network level of benefits. The new multi-year contract will be...
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Zacks Analyst Blog Highlights: Costco Wholesale, BJ's Wholesale Club, Wal-Mart Stores and UnitedHealth Group - Press Releases
Tuesday, November 9, 2010 - 11:33am | 2096For Immediate Release Chicago, IL – November 9, 2010 – Zacks.com Analyst Blog features: Costco Wholesale Corporation (COST), BJ's Wholesale Club Inc. (BJ), Wal-Mart Stores Inc. (WMT), Health Net Inc. (HNT) and UnitedHealth Group Inc. (UNH). Get the most recent insight from Zacks Equity Research...
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Aetna Extends Contract with the VCU Health System
Tuesday, November 9, 2010 - 10:01am | 82Aetna (NYSE: AET) announced today that it has reached agreement on a seven-year contract extension with Virginia Commonwealth University (VCU) Health System and its affiliated Medical College of Virginia (MCV) Physicians. The new contract took effect Oct. 15. Under the agreement, the VCU Health...
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Coventry Health Care Jumping On Upgrades (CVH)
Monday, November 8, 2010 - 3:01pm | 101Coventry Health Care Inc. (NYSE: CVH) is up sharply this afteroon on strong volume, as the company received a flurry of price target increases, and upgrades after it reported better than expected earnings on Friday. Wells Fargo and Bernstein upgraded the health care company to outperform from...
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Health Net Beats, Raises Outlook - Analyst Blog
Monday, November 8, 2010 - 12:03pm | 1609Health Net Inc. (HNT) reported third-quarter earnings per share (EPS) of 64 cents compared to a loss of 66 cents in the prior-year quarter. The reported quarter included $8.6 million in expenses primarily related to severance costs. Excluding these items, the company's operating EPS came in at 72...
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Morgan Stanley Increases Coventry Health Care 2011/2012 Estimates
Monday, November 8, 2010 - 9:45am | 69Following a solid Q3 showing by Coventry Health Care, Inc. (NYSE: CVH), Morgan Stanley has nudged up its 2011 and 2012 EPS forecasts from $2.45/$2.60 to $2.50/$2.70 (with both still factoring in significant margin pressure). “An 11x multiple on our higher 2012E forecast takes our price target up by...
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Goldman Sachs Raises Coventry Health Care Estimates
Monday, November 8, 2010 - 9:23am | 78Following strong 3Q earnings, Goldman Sachs is raising its Coventry Health Care, Inc. (NYSE: CVH) 2010 EPS by $0.77 to $3.65, $0.03 above the high-end of new guidance range of $3.52-$3.62. “We have also modestly raised our 2011-12 EPS, to $2.65 and $2.90 from prior $2.55 and $2.70, but continue to...
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Benzinga's Top Upgrades (EL, SPG, CVH, CCIX)
Monday, November 8, 2010 - 8:10am | 165Barclays Capital upgrade The Estee Lauder Companies Inc (NYSE: EL) from "equal weight" to "overweight." EL's shares closed at $72.16 on Friday. Shares of Estee Lauder Companies have moved up 49.21% so far this year. Jefferies & Co upgrade Simon Property Group Inc (NYSE: SPG) from "hold" to "buy...
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Market Continues Kung Fu Fighting 11-05-2010
Friday, November 5, 2010 - 1:59pm | 1022Cusick's Corner The market continues Kung Fu Fighting, and while the Fed intervention seemed quite frightening, those Cats (the Fed) fight with expert timing! (I never thought that I would work this one into the Corner, thanks Doug.) But the Fed seems to have pulled off the greatest timing for...
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Zacks Releases Four Powerful ''Buy'' Stocks: Avnet, Cooper Tire & Rubber Company, Amerigroup and HealthSpring - Press Releases
Friday, November 5, 2010 - 12:24pm | 1334For Immediate Release Chicago, IL – November 5, 2010 – Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing:...
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Coventry Beats, Raises Outlook - Analyst Blog
Friday, November 5, 2010 - 12:24pm | 1002Coventry Health Care Inc. (CVH) reported its third-quarter income from continuing operations of $183.2 million or $1.24 per share, exceeding the Zacks Consensus Estimate of 67 cents. This also compares favorably with income of $100.4 million or 68 cents in the year-ago quarter. The improved...
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Calls Purchased on Coventry Health Care (CVH)
Friday, November 5, 2010 - 10:16am | 156Shares of Coventry Health Care, Inc. (NYSE: CVH) are higher on the session by 4.86%, currently trading at $24.62. The stock has been moving largely higher over the past four months and is now making a run higher, above the 50-day and 200-day moving averages. Options traders are buying calls on...