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Benzinga’s Top Downgrades (CI, JCI, WBD, AXE, TSCO)
Tuesday, January 26, 2010 - 10:12am | 265CIGNA Corporation (NYSE: CI) declined 1.32% to $35.87 in the pre-market session after CIGNA Corporation was downgraded by Oppenheimer to Perform from Outperform and the price target set to $38. The 52-week trading range for CI is $12.68 - $39.26. CIGNA Corporation closed at $36.35 in the previous...
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Jim Cramer Thinks It Is Time To Sell UNH, HUM, RHB
Saturday, January 23, 2010 - 2:21pm | 222CNBC's Mad Money host Jim Cramer thinks that investors should sell UnitedHealth Group Inc. (NYSE: UNH), Humana Inc. (NYSE: HUM) and RehabCare Group, Inc. (NYSE: RHB). The main reason for selling these stocks is that easy money has been made and it is not wise to be greedy at this point. Another...
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Company News for January 21, 2010 - Corporate Summary
Thursday, January 21, 2010 - 10:29am | 337• eBay (NASDAQ:EBAY) reported fourth quarter earnings of 44 cents a share, 4 cents better than expected, on revenues of $2.37 billion, which topped projections of $2.28 billion. According to CEO Donahoe, "We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional...
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Stock Market News for January 21, 2010 - Market News
Thursday, January 21, 2010 - 10:26am | 554Disappointing earnings reports in the U.S. and concerns that a tighter lending in China would hurt the global economic recovery led to a broad sell-off on the Street Wednesday. A stronger dollar hurt commodities, sending energy and material companies lower. Investors also had their focus on an...
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Goldman Sachs (GS) Gives WellPoint (WLP) A ‘Neutral’ Rating
Thursday, January 21, 2010 - 9:19am | 112According to a report released by Goldman Sachs (NYSE: GS) yesterday, deployment of PBM divestiture capital is likely to be the focal point for WellPoint Inc. (NYSE: WLP). The report has estimated the Q4EPS at $1.10 in comparison to the street estimate of $1.02. However, WellPoint had given the...
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Stock Market News for January 20, 2010 - Market News
Wednesday, January 20, 2010 - 10:23am | 492U.S. stocks rebounded Tuesday, with healthcare shares leading the charge as speculation grew results of an election in Massachusetts would make the passage of the healthcare bill difficult. Technology shares also rallied ahead of bellwether IBM’s earnings. If Democrats fail to win the seat of...
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Health Care Leads Stock Market Higher
Tuesday, January 19, 2010 - 5:45pm | 142Today's rally in the stock market is being attributed to an expected positive outcome in a special election for a Massachusetts Senate seat. Democrats may lose their filibuster-proof, 60 seat majority in the U.S. Senate if Republican Scott Brown wins the late Edward Kennedy's seat. Traders are...
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Unisys Health Info Unit To Be Acquired By Molina Healthcare (MOH, UIS)
Tuesday, January 19, 2010 - 10:25am | 124Molina Healthcare Inc. (NYSE: MOH) has agreed to acquire Unisys Corp.'s (NYSE: UIS) health-information outsourcing business for $135 million. This will expand its services beyond Medicaid managed care. Unisys' health-information management unit outsources the state governments' Medicaid management...
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Unisys Selling Health Info Business For $135 million
Tuesday, January 19, 2010 - 8:23am | 83Unisys Corporation (NYSE: UIS) announced that the company has reached an agreement to sell its health information management business to Molina Healthcare, Inc. (NYSE: MOH). Unisys' health information management business provides design, development, implementation, and business process outsourcing...
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Humana Seeing Bullish Action
Friday, January 15, 2010 - 11:08am | 171Health and benefits company, Humana (NYSE: HUM), will be reporting earnings on February 1st and is seeing some bullish call buying ahead of that number. The stock has been on a tear since October, rising higher and higher as governmental healthcare reform pressures have eased slightly. One trader...
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Aetna Inc. (AET) Gets Downgraded
Wednesday, January 13, 2010 - 7:59pm | 105Wells Fargo Securities have lowered the Year 2010 EPS estimates for Aetna Inc. (NYSE: AET). The research firm stated that decline in EPS is due to the increased pricing pressure. Consequently, Aetna Inc. now has been given an EPS estimate of $ 2.60 down from earlier estimate of $2.95. The company...
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Company News for January 13, 2010 - Corporate Summary
Wednesday, January 13, 2010 - 10:20am | 149• Aetna (NYSE:AET) forecast "modestly lower" 2010 earnings from last years' adjusted $2.75 per share • Google (NASDAQ:GOOG) reported a "highly sophisticated and targeted attack," and warned it plans to end censorship of its China search service. Some reports suggested the company could shutter its...
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MOH Pre-Announces Q4 Loss
Tuesday, January 12, 2010 - 2:02pm | 122Analyst John Rex of JP Morgan maintains his "neutral" rating on Molina Healthcare Inc (NYSE: MOH). Molina Healthcare has pre-announced an EPS loss of $0.10-$0.25 for Q4, citing continued acceleration of claims driven by H1N1 as the reason. Moreover, pressure on state budgets and new member...
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Positive Outlook And Better Guidance Results In Upgrades (UNH, CVH, WLP, AAPL, BBBY, MON)
Thursday, January 7, 2010 - 1:51pm | 367Barclays expects strong year for those health insurers that do a lot of business with Medicare. The analyst maintained a "Positive" view on the health insurance industry, saying investors will pay more attention to the state of their business this year and less to the details of the debate over...
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Today's Upgrades: Part 1 (EMC, TIF, MS, UNH, BA)
Monday, January 4, 2010 - 11:57am | 195Scores of stocks have been upgraded at investment banks and research houses across Wall Street today. I have decided to focus on some of the more familiar names in two parts. EMC Corp. (NYSE: EMC) was upgraded from hold to buy at Stifel Nicolaus with a price target of $22. EMC is up 2.70% in early...