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MOH To Continue To Deliver EPS Upside In 2010
Wednesday, July 14, 2010 - 8:06am | 154Analysts at Citigroup initiate coverage of Molina Healthcare (NYSE: MOH) with a "buy" rating. The target price for MOH is set to $33. According to Citigroup, “Molina should continue to deliver EPS upside relative to consensus in 2010… Because Medicaid is the one area of managed care where growth is...
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Magellan To Benefit From Renewed Interest In Outsourcing Ancillary Contracts
Wednesday, July 14, 2010 - 7:57am | 189Analysts at Citigroup initiate coverage of Magellan Health Services (NASDAQ: MGLN) with a "buy" rating. The target price for MGLN is set to $47. According to Citigroup, “Our analysis and discussions with industry contacts suggest a renewed interest by some larger health plans in outsourcing...
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Centene To Benefit From Illinois ABD RFP And Medicaid
Wednesday, July 14, 2010 - 7:46am | 167Analysts at Citigroup initiate coverage of Centene (NYSE: CNC) with a "buy" rating. The target price for CNC is set to $27. According to Citigroup, “A significant portion of Centene’s revenue was up for bid in the first half of 2010, but the next six months look better, as none of the company’s...
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Top Performing Industries For July 8 (TLVT, MHP, PZZ, THC)
Thursday, July 8, 2010 - 11:54am | 235At 10:59 am, the Dow gained 0.44% to 10,062.17, the broader Standard & Poor's 500 index moved up 0.25% to 1,062.88 and the NASDAQ composite index rose 0.28% to 2,165.60. The industries that are driving the market today are: Computer Based Systems: This industry jumped 2.85% by 10:59 am. The top...
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China Fire Bags $10M Deal - Analyst Blog
Wednesday, July 7, 2010 - 5:54pm | 404China Fire & Security Group Inc. (CFSG), a provider of industrial fire protection systems in China, won a contract to supply Fire Detection Systems for China Nuclear Power Engineering Co. Ltd (CNPEC). With a contract value of $10 million, it stands to be the largest contract from CNPEC till...
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THC Surges After Signing Contract With Cigna
Tuesday, July 6, 2010 - 1:40pm | 106Shares of Tenet Healthcare Corp (NYSE: THC) moved after the company signed a multi-year contract with Cigna (NYSE: CI). The Dallas, Texas-based company has signed a new multi-year contract with Cigna. Under the plan, participants of CI’s health plan will have access to all health care services...
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Short Call Position Rolled on Health Net (HNT)
Tuesday, July 6, 2010 - 10:53am | 126Shares of Health Net Inc. (NYSE: HNT) are higher on the session by 0.91%, currently trading at $24.45. The stock has been trading largely higher over the past six to nine months, though has encountered resistance around $27.50. Today, the July/October $20 calendar spread traded 1,738 times for $0....
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Protection Purchased on Amerigroup Corp. (AGP)
Friday, July 2, 2010 - 10:20am | 164Shares of Amerigroup Corp. (NYSE: AGP) are higher on the session by 1.09%, currently trading at $31.44. The stock has been trading lower as of late, breaking down through the key support level of $32.00. Options traders are buying a bit of protection today. The August $25.00 put was just purchased...
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Benzinga’s Top Pre-Market Losers (LNCR, FTR, UNH, SBUX)
Friday, July 2, 2010 - 8:57am | 141Lincare Holdings Inc (NASDAQ: LNCR) dipped 8.60% to $28.92 in the pre-market session. Yesterday, LNCR’s shares reached the 50-day moving average but failed to breach the widely watched support level. Frontier Communications Corporation (NYSE: FTR) lost 4.42% to $7.35 in the pre-market session. FTR...
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California Prison Health Care Services Awards Contract to Health Net Network Services
Wednesday, June 30, 2010 - 5:07pm | 165Health Net Federal Services, LLC (Health Net), a subsidiary of Health Net, Inc. (NYSE: HNT), announced that the California Prison Health Care Services (CPHCS) awarded Health Net the contract to administer the Preferred Provider Organization (PPO) Network Services on behalf of CPHCS. The terms of...
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Puts Purchased on Cigna Corp. (CI)
Tuesday, June 29, 2010 - 1:03pm | 119Shares of Cigna Corp. (NYSE: CI) are lower on the session by 3.33%, currently trading at $32.09. The stock has been trading largely lower over the past six months and is also in a technical downtrend. Options traders are favoring the put side today. Though action has been primarily in small lots,...
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IBM Ties with WiSpry - Analyst Blog
Monday, June 28, 2010 - 2:06pm | 610International Business Machines Corp. (IBM) announced collaboration with WiSpry, Inc., a leader in tunable radio frequency (RF) semiconductor products for the wireless industry. WiSpry's tunable RF devices deliver superior levels of performance with improved talktime and increased time for surfing...
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Reform Bill Pushes Financials Higher 06-25-2010
Friday, June 25, 2010 - 6:30pm | 752Cusick’s Corner The economic data that came out today was once again mixed and the market traded sideways for much of the day. The Financials led the market – there was a feeling of relief that the Financial Reform Bill process might be over and we can move on to other issues. Market participants...
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Financial Impact Of AET Withdrawing Its Individual Rate Filing Minimal
Friday, June 25, 2010 - 4:24pm | 167Analysts at Deutsche Bank maintain their "buy" rating on Aetna (NYSE: AET). The target price for AET is set to $38. According to Deutsche Bank, “AET has pulled its Individual rate filing after math errors were discovered in the filings. AET was seeking an average rate increase of 19% on 65,000...
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Calls Purchased on WellCare Health Plans (WCG)
Friday, June 25, 2010 - 2:14pm | 128Shares of WellCare Health Plans (NYSE: WCG) are higher on the session by 0.45%, currently trading at $26.75. The stock has been trading largely lower over the past six months, but appears to be in a bottoming process. Options traders are picking up some calls today. The July $30 call was purchased...