Goldman Sachs downgraded the managed care sector to neutral from attractive. Many are locking in profits with the idea of moving it elsewhere. Has nothing to do with Anthem inparticular other than the sector downgrade. Stock should bounce a little off this point but still. Money may be more productive elsewhere.
On the other hand, semi-equipment, software, and networking stocks had lots of upgrades--KLAC, ATML, etc. Just to look at one example, Foundry Networks was upgraded to Strong Buy today--company has quadrupled in past year and sells at 59X earnings, but according to Wall Street, NOW is the time to buy. Interestingly, according to those same analysts, FDRY is supposed to rack up 20% earnings growth next year. ATH is estimated to grow EPS 17% in same period (basically the same, if you throw in a margin of error), but sells at 14X EPS. Go figure.
lets see G.S. thinks because the health insurance rates increased so much last year they will not increase rates this year, yeah right most employees already know their new rates which every one knows went up, whats with G.S.