Centene Corporation (CNC)

Hello Legends >> XELA << It's time to put the shawts on the CrAzY Train, and send them away !
>> XELA << I'm In. --- * J The Legend !

$AMTD $HKD $FAZE $SYM $KPLT $ISEE $DARE $ENVB $UWMC $ANY $DVAX $EXPR $KPTI $CHS $AIKI $AEI $APRN $EVGO $PHUN $HYLN $ MVIS $GOEV $MNMD $ROOT $MKD $BTBT $MMAT $NAK $AUPH $NNDM $SDC $GSAT $STEM $RDBX $IDEX $WE $DBGI $BNGO $BKKT $BB $OCGN $CLOV $ATER
$AEX $ARKK $AAL $AMC $AMD $AAPL $AMZN $APRN $ATER
$BBBY $BABA $BBI $BWV $BMEA $BBIG $BEAT $CCL $CEI
$ERIC $RIDE $SPCE $SKLZ $CSCW $FSR $GRAB $WISH $CLF $DIDI $FUBO $OPEN $BRQS $CYN $CEI $YLRY $FAMI $NOK $LCID $VALE $MULN $BBIG $SNDL $RIVN $CFVI $DWAC
$DAL $DKNG $GME $GLD $GLE $HOOD $HYMC $ITP $ING $IGEX
$JBLU $LCID $LUV $MULN $META $MULN $NCLH $NDX $PVSP
$QQQ $RCL $RDBX $SAVE $STRN $STEM $SPY $SAVE $SPX $SOFI $SNOA $TWTR $TKAT $TSLA $UAL $VERU $XRTX $XCUR $CENN $AEI $LYFT $JWN $DKS $WEN $INTU $NERO $WEJO $TTOO $VYNE $SIOX $ALNA $ROKU $ARKK $COMP $BHLB $ADER $OCGN $ALZN $ADTX $PLTR, $RKT $SOFI $SNDL $AGRX $DPLS $ADN $RIGL $QNRX $BOXD $EFOI $ASO, $SIGA $GFAI $REVB $FSRD $TOUR $CMRX, $CELZ, $FNHC $NBEV $COWN $RNW $OCFT $NISN $AAL $WISH $SOLO $APDN $BNGO $INO $VXRT $GCLT $CHNC $HIRU $VXIT $SSOF $GMPR $PASO $GMEV $SRMX $SANP $NNRX $FTEG $EEGI $CBDL $KYNC $WDLF $COWI $RMRK $FCGD $GWHP $GNBT $WLYYF $USEI $TGHI $NIOBF $BFCH $ZAAG $USMJ $JPEX $CZNI $MSPC $QNRX $LUNC.X $INPX $META $NVDA $MU $AMD $OXY $XOM $RIG $MRO $SWM $CVX $AMC $RBLX $DKNG $AAL $CCL $NCLH $CSX $PLTR $CLVS $MRNA$EVFM $LXRX $FCX $GOLD $KGC $HYMC $PGEN $GRAB $FFIE $DNA $NU $BLUE $UPS $KO $GM $MCD $GE $RTX $MMM $ADM $ACI $CNC $KMB $GLW $FISV $TRU $UBS $PHM $ECL $PII $ONB $CEQP $GPK $XRX $ARCC $IRDM $PCAR $MSCI $MCO $AAN $SSTK $FELE $PEBO $HUBB $WSO $AVNT $FFWM $PNR $ST $AWI $NXRT $CAC $CVLT

All Legends, Lotto Play here>> MEGL << Up (+2,325.00%) At close: 04:00PM Friday, August 5, 2022.
It's up $32 dollars Extended Hours. --- * J The Legend !

$MEGL $AMTD $HKD $FAZE $SYM $KPLT $ISEE $DARE $ENVB $UWMC $ANY $DVAX $EXPR $KPTI $CHS $AIKI $AEI $APRN $EVGO $PHUN $HYLN $ MVIS $GOEV $MNMD $ROOT $MKD $BTBT $MMAT $NAK $AUPH $NNDM $SDC $GSAT $STEM $RDBX $IDEX $WE $DBGI $BNGO $BKKT $BB $OCGN $CLOV $ATER
$AEX $ARKK $AAL $AMC $AMD $AAPL $AMZN $APRN $ATER
$BBBY $BABA $BBI $BWV $BMEA $BBIG $BEAT $CCL $CEI
$ERIC $RIDE $SPCE $SKLZ $CSCW $FSR $GRAB $WISH $CLF $DIDI $FUBO $OPEN $BRQS $CYN $CEI $YLRY $FAMI $NOK $LCID $VALE $MULN $BBIG $SNDL $RIVN $CFVI $DWAC
$DAL $DKNG $GME $GLD $GLE $HOOD $HYMC $ITP $ING $IGEX
$JBLU $LCID $LUV $MULN $META $MULN $NCLH $NDX $PVSP
$QQQ $RCL $RDBX $SAVE $STRN $STEM $SPY $SAVE $SPX $SOFI $SNOA $TWTR $TKAT $TSLA $UAL $VERU $XRTX $XCUR $CENN $AEI $LYFT $JWN $DKS $WEN $INTU $NERO $WEJO $TTOO $VYNE $SIOX $ALNA $ROKU $ARKK $COMP $BHLB $ADER $OCGN $ALZN $ADTX $PLTR, $RKT $SOFI $SNDL $AGRX $DPLS $ADN $RIGL $QNRX $BOXD $EFOI $ASO, $SIGA $GFAI $REVB $FSRD $TOUR $CMRX, $CELZ, $FNHC $NBEV $COWN $RNW $OCFT $NISN $AAL $WISH $SOLO $APDN $BNGO $INO $VXRT $GCLT $CHNC $HIRU $VXIT $SSOF $GMPR $PASO $GMEV $SRMX $SANP $NNRX $FTEG $EEGI $CBDL $KYNC $WDLF $COWI $RMRK $FCGD $GWHP $GNBT $WLYYF $USEI $TGHI $NIOBF $BFCH $ZAAG $USMJ $JPEX $CZNI $MSPC $QNRX $LUNC.X $INPX $META $NVDA $MU $AMD $OXY $XOM $RIG $MRO $SWM $CVX $AMC $RBLX $DKNG $AAL $CCL $NCLH $CSX $PLTR $CLVS $MRNA$EVFM $LXRX $FCX $GOLD $KGC $HYMC $PGEN $GRAB $FFIE $DNA $NU $BLUE $UPS $KO $GM $MCD $GE $RTX $MMM $ADM $ACI $CNC $KMB $GLW $FISV $TRU $UBS $PHM $ECL $PII $ONB $CEQP $GPK $XRX $ARCC $IRDM $PCAR $MSCI $MCO $AAN $SSTK $FELE $PEBO $HUBB $WSO $AVNT $FFWM $PNR $ST $AWI $NXRT $CAC $CVLT

We'll take >> AMTD << For $1000 Alfred. ----- *J The Legend !

$AMTD $HKD $FAZE $SYM $KPLT $ISEE $DARE $ENVB $UWMC $ANY $DVAX $EXPR $KPTI $CHS $AIKI $AEI $APRN $EVGO $PHUN $HYLN $ MVIS $GOEV $MNMD $ROOT $MKD $BTBT $MMAT $NAK $AUPH $NNDM $SDC $GSAT $STEM $RDBX $IDEX $WE $DBGI $BNGO $BKKT $BB $OCGN $CLOV $ATER
$AEX $ARKK $AAL $AMC $AMD $AAPL $AMZN $APRN $ATER
$BBBY $BABA $BBI $BWV $BMEA $BBIG $BEAT $CCL $CEI
$ERIC $RIDE $SPCE $SKLZ $CSCW $FSR $GRAB $WISH $CLF $DIDI $FUBO $OPEN $BRQS $CYN $CEI $YLRY $FAMI $NOK $LCID $VALE $MULN $BBIG $SNDL $RIVN $CFVI $DWAC
$DAL $DKNG $GME $GLD $GLE $HOOD $HYMC $ITP $ING $IGEX
$JBLU $LCID $LUV $MULN $META $MULN $NCLH $NDX $PVSP
$QQQ $RCL $RDBX $SAVE $STRN $STEM $SPY $SAVE $SPX $SOFI $SNOA $TWTR $TKAT $TSLA $UAL $VERU $XRTX $XCUR $CENN $AEI $LYFT $JWN $DKS $WEN $INTU $NERO $WEJO $TTOO $VYNE $SIOX $ALNA $ROKU $ARKK $COMP $BHLB $ADER $OCGN $ALZN $ADTX $PLTR, $RKT $SOFI $SNDL $AGRX $DPLS $ADN $RIGL $QNRX $BOXD $EFOI $ASO, $SIGA $GFAI $REVB $FSRD $TOUR $CMRX, $CELZ, $FNHC $NBEV $COWN $RNW $OCFT $NISN $AAL $WISH $SOLO $APDN $BNGO $INO $VXRT $GCLT $CHNC $HIRU $VXIT $SSOF $GMPR $PASO $GMEV $SRMX $SANP $NNRX $FTEG $EEGI $CBDL $KYNC $WDLF $COWI $RMRK $FCGD $GWHP $GNBT $WLYYF $USEI $TGHI $NIOBF $BFCH $ZAAG $USMJ $JPEX $CZNI $MSPC $QNRX $LUNC.X $INPX $META $NVDA $MU $AMD $OXY $XOM $RIG $MRO $SWM $CVX $AMC $RBLX $DKNG $AAL $CCL $NCLH $CSX $PLTR $CLVS $MRNA$EVFM $LXRX $FCX $GOLD $KGC $HYMC $PGEN $GRAB $FFIE $DNA $NU $BLUE $UPS $KO $GM $MCD $GE $RTX $MMM $ADM $ACI $CNC $KMB $GLW $FISV $TRU $UBS $PHM $ECL $PII $ONB $CEQP $GPK $XRX $ARCC $IRDM $PCAR $MSCI $MCO $AAN $SSTK $FELE $PEBO $HUBB $WSO $AVNT $FFWM $PNR $ST $AWI $NXRT $CAC $CVLT

All the recent positive analyst updates took a backseat to the real news today that CNC pharmacy benefits arm overbilled states - Ohio and Mississippi suits are being settled for $143 million while - in addition to that amount - the company is setting aside an additional $1.1 billion to settle similar lawsuits in other states. I keep getting bit by companies bending the rules - last year it was First Energy this time it's Centene. I'll wait another day to see how the dust settles on this but inasmuch as I got in at the end of April for just under $60 I'm leaning towards bailing out. Other not great news is that an arm of Humana is moving into the Atlanta market going after the same senior market Centene is after.

Long 1700 shares on CNC at $62.74. This is a Pure Earnings play., I bought the shares just a few hours ago, specifically to hold through earnings release tomorrow. I am expecting beats on EPS and Revenue consensus estimates, along with good Guidance, to drive this stock up in price to the $68 level. Why did I choose CNC over 70+ other stocks that I analyzed?

Here is a quick summation:

CNC: Excellent earnings history, beats on both EPS and Revenue for the past 6 quarters, and 11 of the past 12 quarters. Very good Guidance history, very good stock price reactions to earnings, historically. Currently trading at fair value, not cheap, but certainly not an expensive valuation. Recent, positive news media articles. Excellent EPS growth over the recent past. Company is very profitable. Analysts are generally bullish, giving very good upside potential on PT's. Many positive and recent analyst comments on numerous aspects of CNC, including merger with Wellcare. Very good overall financials, stable and growing business in a sector I like.

Of course this is all just my subjective opinion, and Best of Luck to everyone with whatever stocks you choose to play! :-)

After I close my ABG Long position on Monday, I will be using almost all of my available hard capital to go Long CNC. This is a Pure Earnings play, CNC reports earnings on Tuesday, PM, and I am expecting a very good earnings report, beats on EPS and Revenue, along with good Guidance, to lift this stock up in price by 4-8%.

I analyzed a whole heck of a lot of different possible plays for Mon AH/Tue PM, and CNC came to the very top, in terms of excellent odds of success and a top risk/reward scenario. Here is a short synopsis of my thinking, along with the second and third place runner-up:

#1 CNC Long: Excellent earnings history, beats on both EPS and Revenue for the past 6 quarters, and 11 of the past 12 quarters. Very good Guidance history, very good stock price reactions to earnings, historically. Currently trading at fair value, not cheap, but certainly not an expensive valuation. Recent, positive news media articles. Excellent EPS growth over the recent past. Company is very profitable. Analysts are generally bullish, giving very good upside potential on PT's. Many positive and recent analyst comments on numerous aspects of CNC, including merger with Wellcare. Very good overall financials, stable and growing business in a sector I like.

#2: RACE Long: Good earnings history. Excellent Guidance history. Very good reactions by stock to ER's. Slightly overvalued right now, but an extremely well-managed company executing on all fronts right now. The rich are getting richer and they want their Ferrari's. Very positive comments by analysts. Good upside potential on PT's. Company has absolutely excellent overall financials at this time. I am especially bullish on forward Guidance for this one. Rates very high, but for me definitely below CNC.

3: BECN Sell Short: This is a very attractive Short Sell play. Company appears very badly managed. They should be profitable, but they are not. Very poor earnings history, have missed either EPS or Revenue consensus for 7 of the last 10 quarters. Recent Guidance has been poor, they guided Down 4 out of the past 6 guidance revisions. Overall financials are below average for the sector. Analysts are mixed, with some seeing a recovery in 2020 for the company, and at least one company insider is buying shares recently. But at this time, based on my analysis, stock is still genuinely over-valued. I am expecting a poor ER, to be followed by a drop in stock price, potentially as much as 8-12%. But I'm still not gonna play this one, CNC still looks better to the upside, in terms of risk/reward analysis.

Other stocks I like a lot on this date, all to go up, include:

FN
NXPI
HAE
LHX

Any comments or opinions, positive or negative, are welcome and appreciated. :-)

Best of Luck to All! :-)