-
WellCare (WCG) Stock Plummets 13%
Thursday, February 18, 2010 - 1:13pm | 157WellCare Health Plans Inc (NYSE: WCG) reported it had swung to a gain but its shares tumbled when it reported a poorer outlook than expected. WellCare Health Plans managed to earn $11.1 million, or 26 cents per share, compared to a loss of $31.1 million, or 75 cents per share, for the same quarter...
-
WellCare’s (WCG) Profit Target Weak
Thursday, February 18, 2010 - 12:38pm | 99According to Wall Street Journal, WellCare Health Plans Inc. (NYSE: WCG) rebounded from a prior-year write-down to post a profit of $26 million, or 26 cents a share. It had posted a loss of $31.1 million a year earlier. WellCare Inc. forecast 2010 earnings of $1.90 to $2.15 a share, way below the...
-
Benzinga's Unusual Volume (PCLN, CLW, NIHD)
Thursday, February 18, 2010 - 11:35am | 215Unusual volume is a great opportunity to watch the true economics of investing as supply and demand change stock prices. The following stocks give a great list of what is moving in the market and why. Stocks rising on unusual volume: - Priceline.com (NASDAQ: PCLN) up 8.93%, 1,677% volume change due...
-
Benzinga’s Top Pre-Market Losers (WMT, WCG, NBL, TRA, NVDA)
Thursday, February 18, 2010 - 9:26am | 325Wal-Mart Stores, Inc. (NYSE: WMT) decreased 1.22% to $53.42 in the pre-market session. Wal-Mart Stores reported today a fourth-quarter profit of $4.6 billion, or $1.22 per share, as compared to $3.8 billion, or $0.97 per share, in the year-ago period. Analysts had expected WMT to report earnings of...
-
Healthcare Industry Update (CI, PFE, WLP, CEPH, CELG)
Wednesday, February 17, 2010 - 3:04pm | 170Analyst John L. Sullivan at Leerink Swann has released an update on the Healthcare industry. According to Leerink Swann, the fourth-quarter results at companies in the healthcare sector have shown strong fundamentals. Leerink Swann believes that the relative stock valuation in the sector is...
-
Market Roundup (MSFT, QTEL, BAC, TM, FNM, FRE, HUM)
Wednesday, February 17, 2010 - 3:00pm | 270Microsoft (NASDAQ: MSFT) and Qatar Telecom (NASDAQ: QTEL) have signed a strategic alliance to bring together integrated cloud-based services, software applications, mobile services and devices over QTEL’s converged network for work and entertainment purposes. MSFT and QTEL plan to launch their...
-
CNBC Traders Suggested Trades That Paid
Tuesday, February 16, 2010 - 3:17pm | 182CNBC claims that the calls issued by its traders are paying. It quotes some of the successful calls its traders have made. In January, Veteran trader Gary Kaminksy on CNBC suggested short on wireless carriers Verizon (NYSE: VZ) and AT & T (NYSE: T). “If interest rates are going up these stocks...
-
Medicare Advantage Enrollment Up In January - HUM, UNH Gain Share
Tuesday, February 16, 2010 - 2:33pm | 192Analysts at BofA/Merrill say that companies such as United Health Group (NYSE: UNH) and Humana Inc (NYSE: HUM) will manage to increase their market share if rates are cut as a part of the healthcare reforms. Medicare Advantage (MA) enrollment rose by 402,000 members in January, including 215,000...
-
Insurers Fall As Congress Eyes WellPoint (WLP) Rate Hikes
Tuesday, February 16, 2010 - 12:48pm | 132Shares of WellPoint, Inc. (NYSE: WLP) have fallen nearly 5% after the health insurance company canceled its investor day as Congress looks into the company's plan to raise the insurance rates of hundreds of thousands of Californians by as much as 39%. WellPoint said that the House Energy and...
-
Anthem Delays Insurance Rate Hike (WLP)
Saturday, February 13, 2010 - 9:15pm | 108Anthem Blue Cross has announced that it will temporarily suspend a premium hike of up to 39%. Anthem Blue Cross is a subsidiary of WellPoint Inc. (NYSE: WLP). Anthem’s planned hike is likely to affect about 700,000 customers. The insurer has agreed to postpone the hike till May 1. The California...
-
AET: Seeing Opportunity Through the Controversy
Thursday, February 11, 2010 - 7:50am | 475If you follow events in our nation’s capital, you know President Obama’s health care reform package is controversial. The argument over a bill whose price tag could top $1 trillion has had a profound impact on the health insurance sector. Stocks like Aetna (AET) alternately suffered and rallied...
-
Company News for February 9, 2010 - Corporate Summary
Tuesday, February 9, 2010 - 10:16am | 206• Biogen Idec (NASDAQ:BIIB) posted better-than-estimated fourth quarter results of $1.20, beating Zacks estimates of $1.05, on inline revenues of $1.1 billion. The company said it sees full year earnings of $4.50 a share • International Flavors and Fragrances (NYSE:IFF) reported fourth quarter...
-
Aetna (AET) To Remain Weak: Barron’s
Monday, February 8, 2010 - 3:53pm | 96Aetna (NYSE: AET) announced lower-than-expected Q4 earnings. Its profit figure was down by 14.8% to $165.9 million. However, its revenue rose to $8.76 billion, surpassing estimates. Market estimates had pegged the revenue figure at $8.55 billion. Its shares are currently trading at the multiple...
-
Stock Market News for February 8, 2010 - Market News
Monday, February 8, 2010 - 9:56am | 482Amid growing worries about Europe’s ability to control its public finances and an anemic labor market, stocks posted their fourth straight weekly decline even as the U.S. unemployment rate showed a surprise drop in January. Although stocks managed to stage a late comeback on Friday, after a sharp...
-
Aetna Upgraded To Hold
Monday, February 8, 2010 - 9:49am | 28Analysts at Collins Stewart upgrade Aetna Inc (NYSE: AET) from "sell" to "hold." AET’s shares closed at $29.61 on Friday.