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Goldman Bullish on Cigna
Thursday, April 29, 2010 - 10:13am | 161Cigna Corp (NYSE: CI) is scheduled to report earnings on May 6th; Goldman Sachs’ options analysts are going bullish on the “Conviction Buy” rated stock well ahead of that report in an investor trade report this morning. They suggest that Cigna has dramatically lagged its managed care peers and that...
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Stock Market News for April 29, 2010 - Market News
Thursday, April 29, 2010 - 9:30am | 580After Tuesday’s drubbing, stocks rebounded and closed with modest gains as the U.S. Federal Reserve’s two-day policy meeting concluded on expected lines. The U.S. central bank’s decision to keep interest rates low for “an extended period" gave markets a much-needed boost after Greece and Portugal’...
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Company News for April 29, 2010 - Corporate Summary
Thursday, April 29, 2010 - 9:30am | 244• Procter & Gamble (NYSE:PG) reported better-than-expected third quarter earnings of 83 cents, topping Zacks estimates of 82 cents but slightly off year-ago earnings of 84 cents. Revenues of $19.2 billion fell short of Zacks estimates of $19.5 billion. Full year guidance was raised at the low...
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Top Performing Industries For April 28 (MGH, BBW, HL, HUM, TOF)
Wednesday, April 28, 2010 - 3:40pm | 252At 1:03 pm, Dow gained 53.65, or 0.49%, to 11,045.64, while the broader Standard & Poor's 500 index gained 7.06, or 0.60%. The Nasdaq composite index had slipped 2.47 points or 0.10%. The industries that are helping the market keep afloat today are: Gold: The top gainer of the day, this...
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Market Update – Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Comcast (NASDAQ:CMCSA), WellPoint (NYSE:WLP)
Wednesday, April 28, 2010 - 10:24am | 1377Continuing fears about the debt situation in Greece and Portugal caused stocks in Europe and Asia to fall yesterday; investors continue to perceive these countries’ situations as too risky. According to Citigroup (NYSE: C) executives, as the debt situation worsens many Greek banks are in danger of...
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Company News for April 28, 2010 - Corporate Summary
Wednesday, April 28, 2010 - 9:30am | 212• IBM (NYSE:IBM) yesterday raised its quarterly dividend to 65 cents from 55 cents and expanded its share buyback program by $8 billion in front of its shareholder meeting. • Comcast (NASDAQ:CMCSA) reported an earnings and revenue beat, with results of 31 cents one cent above Zacks estimates, and...
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WellPoint, Inc. (WLP) First-Quarter Earnings Up By 51%
Wednesday, April 28, 2010 - 8:54am | 81Health benefits company, WellPoint, Inc. (NYSE: WLP), announced today that its first-quarter earnings rose by almost 51%. The increase in profit has been attributed to the company’s cost cutting policy and diversification of its business. WellPoint reported a profit of $876.8 million, or $1.96 per...
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WellPoint (WLP) Profit Climbs 51%
Wednesday, April 28, 2010 - 8:12am | 135WellPoint, Inc. (NYSE: WLP) on Wednesday morning released financial results that easily surpassed Wall Street expectations. WellPoint, Inc. reported that its 1st quarter earnings rose 51% to $867.8 million, or $1.96 per share, up from $580.4 million, or $1.16 per share, a year earlier. Excluding...
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Cigna Extends Coverage To Young Adults (CI, UNH, HUM)
Tuesday, April 27, 2010 - 7:28am | 125Cigna Corp. (NYSE: CI) has announced that it will allow young adults up to age of 26 to remain on their parents’ policies. The new announcement will be effective from June 1. The health insurer has taken the step in response to the new health-care reform law. The provision of the law will be...
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Today’s Buzzwords – Earnings Results and Mergers (CAT, WHR, C, HTZ, DTG, HUM)
Monday, April 26, 2010 - 12:40pm | 360Trading in Europe is up, despite widening yields on Greek debt. In the US, two big companies, Caterpillar (NYSE: CAT) and Whirlpool (NYSE: WHR), reported better-than-expected sales and earnings and raised their guidance. CAT was trading 4% up in the pre-open session, after reporting earnings at $0....
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Humana Reports Solid Quarterly Numbers (HUM)
Monday, April 26, 2010 - 9:31am | 88Humana (NYSE: HUM) has announced a 26% increase in its first-quarter earnings. The company has also raised its outlook for the year. Humana has reported a profit of $258.8 million, up from $205.7 million a year earlier. Its EPS for the quarter stood at $1.52. The company’s revenue increased by 9.5...
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Stock Market News for April 26, 2010 - Market News
Monday, April 26, 2010 - 9:30am | 439A strong report on new home sales and better-than-expected earnings from American Express sent stocks higher Friday and helped the Dow average register its 11th gain in the last 12 trading sessions. On Friday, the Dow average rose 70 points, or about 0.6%, for its eighth straight weekly advance....
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US Stock Futures Point To Bright Day At The Market
Monday, April 26, 2010 - 9:21am | 263US stock futures continued to move up further today after Caterpillar Inc (NYSE: CAT) switched to profits in Q1 and raised its profit outlook for the full year citing an improving economy. While futures for the Dow Jones Industrial Average added 25 points to 11167, those for the S&P 500 index...
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Humana (HUM) Profit Up 26%, Beats Estimates
Monday, April 26, 2010 - 7:13am | 132Health insurance and supplemental benefits company Humana Inc. (NYSE: HUM) released financial results on Monday morning that beat Wall Street estimates. Humana Inc. reported that 1st quarter earnings rose to $258.8 million, or $1.52 per share, up from $205.7 million, or $1.22 per share, a year...
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Departing Director Alleges Accounting Manipulation At WellCare (WCG)
Friday, April 23, 2010 - 6:27pm | 136A director at WellCare Health Plans Inc. (NYSE: WCG) has resigned from the firm. The outgoing director has also raised concern over accounting practices at the company. According to The Wall Street Journal, Regina Herzlinger has claimed that internal audits found that WellCare (WCG) over-billed the...