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Bruce Berkowitz Adds Morgan Stanley To Fairholme Capital (MS)
Tuesday, August 3, 2010 - 3:34pm | 173Bruce Berkowitz has added a position in Morgan Stanley (NYSE: MS) to his Fairholme Capital fund according to Market Folly. The rest of the portfolio is broken down like this: 1. Sears Holdings (SHLD): 7.7% of the portfolio 2. AIG (AIG): 6.8% 3. Citigroup (C): 5.4% 4. Goldman Sachs (GS): 5.4% 5....
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Insurance Industry Stock Update - Aug. 2010 - Industry Outlook
Tuesday, August 3, 2010 - 1:49pm | 1895After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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Top Performing Industries For August 3 (MD, HLF, DM, WLP)
Tuesday, August 3, 2010 - 1:29pm | 193At 11:42 am, the Dow lost 0.11% to 10,663.02, the broader Standard & Poor's 500 index moved down 0.21% to 1,123.52 and the NASDAQ composite index fell 0.17% to 2,291.37. The industries that are driving the market today are: Specialized Health Services: This industry jumped 3.11% by 11:42 am....
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Zacks Bull and Bear of the Day Highlights: Neurocrine Biosciences, Big 5 Sporting Goods, Aetna, CVS Caremark and Express Scripts - Press Releases
Tuesday, August 3, 2010 - 9:10am | 1554For Immediate Release Chicago, IL –August 03, 2010 – Zacks Equity Research highlights: Neurocrine Biosciences (NBIX) as the Bull of the Day and Big 5 Sporting Goods (BGFV) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Aetna Inc. (AET), CVS Caremark (CVS) and...
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Mad Money Lightning Round: Cramer Finds JPM An Attractive Buy After Financial Regulations
Tuesday, August 3, 2010 - 6:55am | 206On his Monday’s "Mad Money Lightning Round," Jim Cramer said that he is a buyer of JPMorgan Chase (NYSE: JPM), following the financial regulations. Jim remarked that Marathon Oil (NYSE: MRO) was “pretty cheap.” He told traders that he preferred Marathon to Exxon Mobil (NYSE: XOM). On Universal...
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Aetna, CVS Strike Deal - Analyst Blog
Monday, August 2, 2010 - 4:13pm | 524Last week, health insurer Aetna Inc. (AET) announced that it has entered into a 12-year contract with pharmacy benefit manager (PBM) CVS Caremark (CVS). Pursuant to the agreement, Caremark will act as a PBM of Aetna’s prescription drug program for its Pharmacy Benefit Unit. In the United States, a...
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Company News for August 2, 2010 - Corporate Summary
Monday, August 2, 2010 - 10:22am | 735• Humana (NYSE: HUM) posted second quarter earnings of $2.00, versus Zacks estimates of $1.63, on revenues of $8.65 billion, versus Zacks estimates of $8.58 billion. The company provided full-year guidance of $5.65-$5.75 • NRG Energy (NYSE: NRG) topped estimates with second quarter earnings of 81...
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Humana Beats, Ups Outlook - Analyst Blog
Monday, August 2, 2010 - 10:22am | 1228On August 2, 2010, Humana Inc. (HUM) reported its second-quarter earnings (excluding special items) of $2.11 per share, well ahead of the Zacks Consensus Estimate of $1.63. This also compares favorably with the earnings of $1.67 in the year-ago quarter. Further, the adjusted earnings surpassed...
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US Stock Futures Signal A Strong Start
Monday, August 2, 2010 - 9:36am | 224US stock futures jumped up today, driven by impressive earnings reported by HSBC Holdings and BNP Paribas. While futures on the Dow Jones Industrial Average climbed 126 points to 10,543, those on the S&P 500 added 15.40 points to 1,114. Meanwhile, Nasdaq 100 futures gained 21.25 points to 1884...
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Stocks To Watch For August 2 (VRSN, HUM, VMC, NRG)
Monday, August 2, 2010 - 7:23am | 142Some of the stocks that may grab investor focus today are: Wall Street expects VeriSign Inc (NASDAQ: VRSN) to post Q2 EPS at $0.24.VRSN's shares fell 1.05% to close at $28.15 on Friday. Analysts are expecting Humana Inc (NYSE: HUM) to have earned $1.63 per share in the second-quarter. HUM's shares...
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Coventry Health Care Raises Outlook - Analyst Blog
Monday, August 2, 2010 - 6:42am | 1120On July 30, 2010, Coventry Health Care Inc. (CVH) reported second-quarter income from continuing operations of $149.2 million or $1.01 per share, exceeding the Zacks Consensus Estimate of 57 cents. This also compares favorably with income of $67.7 million or 46 cents in the year-ago quarter. The...
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A Peek Into The Market Before The Trading Starts
Friday, July 30, 2010 - 9:20am | 388Pre-open movers US stock futures fell today, ahead of the release of the US economic growth data for the second quarter. While futures on the Dow Jones Industrial Average slipped 94 points to 10,315, those on the S&P 500 lost 11.80 points to 1,085. Meanwhile, Nasdaq 100 futures fell 18.25...
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Coventry Health Care Nearly Doubles Earnings Estimates (CVH)
Friday, July 30, 2010 - 8:41am | 249Bethesda, Maryland based Coventry Health Care, Inc. (NYSE: CVH) announced on Friday morning that it easily beat consensus Wall Street earnings estimates. Coventry Health Care, Inc. (CVH) reported that its 2nd quarter net earnings fell to $1 million, or 1 cent per share, down from $18.4 million, or...
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Amerigroup’s Q2 Earnings Miss Street View
Friday, July 30, 2010 - 6:56am | 64Amerigroup Corp (NYSE: AGP) reports its Q2 EPS, ex-tax adjustment, at $0.51, falling short of the Street view of $0.62. AGP’s Q2 revenue came in at $1.44 billion, as compared to the consensus of $1.43 billion. AGP’s shares fell 0.35% to $32.84 in after-hours trading. Read more from Benzinga's...
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Earnings Scheduled For July 30 (MRK, AON, CVX, CVH, WY, PPC)
Friday, July 30, 2010 - 6:47am | 232Among the companies that are reporting results today are: Analysts are expecting Merck & Co Inc (NYSE: MRK) to have earned $0.83 per share on revenue of $11.47 billion in the second quarter. MRK’s shares gained 0.63% to $35.28 in after-hours trading. Aon Corp (NYSE: AON) may post its Q2 EPS at...