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WedBush Morgan Cuts Price Target On WellCare Health Plans (WCG)
Friday, June 25, 2010 - 12:52pm | 106WellCare (NYSE: WCG) announced a $137.5 million preliminary settlement related to the qui tam investigations. The settlement equates to approximately 12% of the company's market cap. Wedbush Morgan analysts are estimating that the increased settlement expense will result in negative 2Q10 EPS with a...
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June 24, 2010: 21 Large Cap/Low PE Stocks
Thursday, June 24, 2010 - 7:02pm | 224Occasionally, investors shake the tree with a broad screen to see what securities fall to the ground. Today,I programmed a Standard and Poors Large Cap screen. The following large cap ($10-50b) securities have a four or five star S&P rating coupled with a low PE and PEG valuations. For brevity...
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What is Warren Buffett Buying and Selling?
Saturday, June 19, 2010 - 10:46pm | 286Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B), is one of the three richest people in the world and a top trader and investor. The latest SEC report came out on Berkshire and shows his latest moves as of the end of March. What is most significant about this list is not what he is buying...
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Calls Sold on Humana (HUM)
Friday, June 18, 2010 - 2:17pm | 122Shares of Humana Inc. (NYSE: HUM) are lower on the session by 0.63%, currently trading at $49.18. The stock has been moving largely sideways for the past six months and has been a relative outperformer over the past two months. Options traders are selling some upside on HUM today. The August $52...
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Goldman Increases Estimates on Aetna (AET)
Friday, June 18, 2010 - 9:29am | 319Goldman Sachs is out with an analyst note this morning, where they reiterated their Neutral rating on shares of Aetna Inc. (NYSE: AET); they did not provide a price target. GS analysts cited day 3 of their annual Healthcare Conference in Los Angeles, where Aetna CFO Joe Zubretsky was quite...
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Calls Purchased on Molina Healthcare (MOH)
Monday, June 14, 2010 - 2:34pm | 124Shares of Molina Healthcare Inc. (NYSE: MOH) are higher on the session by 1.30%, currently trading at $27.31. The stock has been a relative outpeformer as of late, but is now struggling to hold the 50-day moving average. Options traders are betting that the level holds and the stock moves higher....
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Stocks Drop On Jobs, EU Worries 06-04-2010
Friday, June 4, 2010 - 5:20pm | 813Cusick’s Corner There was very little green in the market this afternoon, other than the Bond and Gold markets, with the employment numbers so bad and the EU continuing to suck us right back in to the proverbial you-know-what. The market was not able to put together any sustained push to the...
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Keep Tight Risk and Capital Management 06-04-2010
Friday, June 4, 2010 - 2:14pm | 777Cusick’s Corner The trader in me is throwing my arms up, or at the very minimum not holding a bias. If I am in the market then I am trading, meaning tight risk and capital management. I expect this whippy action to continue into the After Hours. Watch the key levels that I discussed last night (...
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Calls Purchased on Health Net (HNT)
Friday, June 4, 2010 - 12:34pm | 109Shares of Health Net Inc. (NYSE: HNT) are higher on the session by 1.63%, currently trading $26.17. The stock has been a relative outperformer as of late and is nearing an all-time high. Calls are being bought on the name today with the June $27.50 call bought 1,750 times on open interest of just...
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Calls Sold on Cigna Corp (CI)
Friday, June 4, 2010 - 12:04pm | 110Shares of Cigna Corp (NYSE: CI) are higher on the session by 0.40%, currently trading $34.94. The stock has been drifting sideways for the past five months and has managed to regain the 50-day moving average to the topside today. Calls are being sold on the name today, betting that a further rally...
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Company News for May 28, 2010 - Corporate Summary
Friday, May 28, 2010 - 9:42am | 205• Royal Dutch Shell (NYSE:RDSA) announced that it agreed to buy privately held East Resources for $4.7 billion in cash to increase its shale gas exposure in North America • Prudential (NYSE:PRU) is reportedly trying to renegotiate its previous $35.5 bid for AIG's (NYSE:AIG) Asian AIA unit, as major...
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Deutsche Bank Upgrades AGP To Buy
Friday, May 28, 2010 - 8:33am | 40Analysts at Deutsche Bank upgrade Amerigroup (NYSE: AGP) from "hold" to "buy." AGP’s shares gained 2.82% to close at $35.36 yesterday. More Analyst Ratings here
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Puts Purchased on HealthSpring (HS)
Thursday, May 27, 2010 - 2:06pm | 126Shares of HealthSpring Inc. (NYSE: HS) are higher on the session by 2.51%, currently trading $17.56. The stock has been drifting lower over the past three months and has breeched the 50-day moving average. It has held the 200-day, though. I am detecting put buying in the name today with the...
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Cramer Gives His Opinion On BRCM, WLP, GLD, SWC
Wednesday, May 26, 2010 - 7:41pm | 203On CNBC's Mad Money Lightning Round OT, Jim Cramer said that if you can't handle a 10% decline in Broadcom Corporation (NASDAQ: BRCM) you should sell it. He thinks that Broadcom (BRCM) is a great stock, part of a mobile internet tsunami, but it has a bad chart and people are selling tech names....
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Goldman Sachs Lowers Price Targets On Managed Care Stocks (CI, UNH, HNT)
Wednesday, May 26, 2010 - 1:09pm | 128Goldman Sachs (NYSE: GS) said that they are lowering price targets on Managed Care stocks by 2%-15% in order to "adjust multiples to more realistic levels in light of recent market weakness and volatility." According to the report, however, the lowered targets still reflect 26% near-term upside....