|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||53.97 - 54.89|
|52 Week Range||45.44 - 74.49|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||20.75|
|Earnings Date||Jul 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.00|
John Sculley, Chairman & Chief Marketing Office of RxAdvance, says he doesn't see "any realistic outcome where there isn't private insurance still," and that Medicare-for-All is "total political hype." He speaks to Yahoo Finance's Alexis Christoforous and Brian Sozzi.
Backed by the largest Medicaid managed care provider in the U.S., Trillium is having a tough time breaking into Health Share's territory.
Since July of 2016 CVS Health (NYSE:CVS) has been a nightmare for investors. This time three years ago, CVS stock traded at a little more than $97, today it trades at something closer to $57.Source: Shutterstock Despite making what seemed like smart moves, like dropping cigarettes, converting to a health format, adding clinics, and buying Aetna, the stock has continued to sink.But analysts have suddenly warmed to CVS' story. In the last month, the shares are up 8%. On July 11 alone they rose 4.68%. Even at that price, CVS is still selling at a retailer's multiple of less than half its revenue.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's an illustration of the difference between the marketplace and the stock market. It's a great opportunity for investors with a long-term view. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Chronic Conditions and CVS StockAmerica spends 18% of its GDP on health care, but 75% of that is spent treating and monitoring chronic conditions. These are preventable diseases like heart disease, diabetes, and kidney disease.This is what CVS has been focused on. By delivering services as well as products through almost 10,000 stores, the company hopes to gain a bigger share of this $1.1 trillion bonanza. Preventing obesity, treating alcoholism and ending smoking could be worth trillions more.Analysts have been focusing on drugs, in the form of Amazon (NASDAQ:AMZN) and its Pillpack service or CVS' Caremark Pharmacy Benefit Manager, but CVS has been diversifying away from the pure-intermediary model.Aetna alone brings 22 million insurance accounts to the party. If CVS' network can reduce the costs of covering those people, it can offer lower prices that increase that number. That's what its HealthHUB strategy is all about.Deliver the most common services and treatments from a storefront, add front-line clinics for primary care, of which CVS already has 1,100, and you have more cost control than any insurance rival. CVS hopes to turn 1,500 of its outlets into HealthHubs in the next two years. CVS Stock and the Real CompetitionCVS' rivals in this area aren't Amazon or even Walgreens Boots Alliance (NYSE:WBA). They're other insurers like United Healthcare (NYSE:UNH), which dominates the private insurance market and managed care companies like Centene (NYSE:CNC), which uses company-owned facilities to handle Medicare and Medicaid at a profit.Investors haven't credited any of CVS' moves for political reasons. Democrats talking about converting all health care to a publicly funded system makes them nervous. The possible end of Obamacare, pricing tens of millions out of the insurance market, also makes them nervous.But CVS' strategy can work in either case. If Democrats expand Medicare the companies that can cut costs fastest will benefit. If people are left without insurance, stores that offer the lowest-cost primary care and services grow. The Bottom Line on CVS StockIn its first-quarter report for 2020, delivered May 1, CVS earned $1.4 billion, $1.62 per share fully diluted, on revenues of $61.6 billion. This is the first fiscal year that has begun since the Aetna deal closed. CVS raised earnings guidance for the full year. Its 50 cent per share dividend, with its fat 3.6% yield, is thus affordable.Because of its retail operation, CVS is the only insurer that can rival United Healthcare in size. That company's revenues for the first quarter were $60.3 billion. It has four times the market share of Aetna in private insurance.Most analysts consider United Healthcare the biggest winner in health care, but macro trends may be running against it. CVS stock is a winner for income investors right now, with that fat, affordable dividend.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and CVS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post CVS Stock Is a Buy as It Prepares to Take on Private Insurance appeared first on InvestorPlace.
DEEP DIVE Despite all the good economic news, earnings growth is expected to slow to a crawl this year for large U.S. companies. It may also surprise you that the health-care sector is seen as one of the exceptions.
William Priest, a Barron’s panelist and CEO of Epoch Investment Partners, says the trade war between the U.S. and China is “a lose-lose proposition.”
On Thursday, the Trump administration announced the withdrawal of the proposal to abolish rebates paid to pharmacy benefit managers by drugmakers.
The Trump administration announced Thursday that it's deciding to withdraw its proposal to eliminate rebates from government drug plans.
On July 9, the Affordable Care Act's constitutionality was debated in the US Court of Appeals. How did healthcare stocks react?
Oregon Health Authority Director Patrick Allen expects some turmoil this fall when 1 million Medicaid enrollees are assigned to organizations that will manage their care for the next five years. “This process of assigning members is going to be pretty chaotic and confusing, even if we get a high percentage right and a low percentage wrong, which is still a lot of people,” Allen said Tuesday, the day OHA announced the "CCO 2.0" contract awardees. Some $6 billion in annual contracts, the largest procurement in Oregon’s history, will be awarded this fall to 15 coordinated care organizations.
ST. LOUIS, July 10, 2019 /PRNewswire/ -- Centene Corporation (CNC) announced today that its Oregon subsidiary, Trillium Community Health Plan, has been notified by the Oregon Health Authority (OHA) of OHA's intent to award Trillium a contract to serve as a coordinated care organization (CCO) for six counties in the state. "Trillium Community Health Plan has been providing healthcare services and programs in the State of Oregon for over 20 years," said Christopher Bowers, Executive Vice President of Markets for Centene Corporation. The Oregon Health Plan (OHP) provides health coverage to low-income individuals and families, children, pregnant women, single adults, and seniors throughout Oregon.
In response to Gov. Gavin Newsom’s declared states of emergency in Kern and San Bernardino Counties, Health Net, LLC is providing special assistance to ensure Health Net members affected by the Ridgecrest earthquake have access to essential prescription medications, critical Health Net information, and other healthcare services to help them cope with grief, loss, stress, or trauma.
The Oregon Health Authority announced its intent to award 15 contracts to run the coordinated care organizations that manage 1 million Medicaid patients — a $6 billion procurement that's the largest in the state’s history. Health Share of Oregon — the state’s largest CCO, serving more than 300,000 in the Portland tri-county area — was approved for a five-year contract. Trillium Community Health Plan Inc., which is part of Centene Corp. (NYSE: CNC), was also approved for a five-year contract in Lane, Clackamas, Multnomah and Washington counties and part of Linn and Douglas counties.
Today we're going to take a look at the well-established Centene Corporation (NYSE:CNC). The company's stock received...
Clayton-based managed care company Centene has expanded its stake in Spanish health care company Ribera Salud.
ST. LOUIS, July 3, 2019 /PRNewswire/ -- Centene Corporation (CNC) announced today that the company has purchased, from Banco Sabadell, an additional stake in Ribera Salud. The purchase, which closed on June 28, 2019, will expand Centene's stake in the Spanish healthcare company from 50 to 90 percent. "We are pleased to grow our stake in Ribera Salud and to further demonstrate our commitment to developing our international portfolio," said Michael F. Neidorff, Chairman, President and Chief Executive Officer of Centene Corporation.
Stocks logged an early win to the trading week, buoyed higher by promise for an amicable end to the trade war. All told, the S&P 500 ended Monday with a gain of 0.77%, peeling back some from a slightly stronger open, though leaving behind a dangerous gap in the process.Source: Allan Ajifo via Wikimedia (Modified)The Trump/Xi handshake lifted tech stocks in particular, though none as impressively as Nvidia (NASDAQ:NVDA). Shares of the GPU maker jumped 1.2%, on high volume, as it arguably had the most to gain from eased trade tensions between China and the U.S. Advanced Micro Devices (NASDAQ:AMD) and Micron Technology (NASDAQ:MU) technically logged the bigger gains though, both being investor favorites right now.Holding the market back was Boeing (NYSE:BA), down more than 2% after JP Morgan cut its full-year earnings estimates for the beleaguered plane maker.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks to Buy and Hold Forever None are terribly compelling trading prospects headed into Tuesday's action though. Rather, take a look at stock charts of American Airlines Group (NASDAQ:AAL), Centene (NYSE:CNC) and Mosaic (NYSE:MOS). All three names are putting some finishing touches on big moves. Mosaic (MOS)The past few weeks have been decidedly bullish ones for Mosaic, unwinding at least part of the pullback it has suffered since February. Yet, it would be all too easy to chalk up the move to a dead-cat bounce, and not expect it to last much longer.There is something remarkably different about this advance that we've not seen with other, failed rebound efforts from MOS though. This one has more staying power than most traders may be giving it credit for. Click to Enlarge * The distinguishing factor is the massive amount of volume behind the rebound effort. This much buying interest often indicates a major paradigm shift that's built to last. * Underscoring and bolstering the bullish argument is the bullish MACD crossover on the weekly chart. * While it's still only on the distant horizon, Mosaic shares have offered hints as to potential upside targets. The weekly chart shows major ceilings around $34 and then again around $34.50. Centene (CNC)In late May, Centene shares were featured as a potential breakout candidate. Although a very thick layer of resistance still needed to be cleared, one already had been, and the advance at the time was taking shape on impressive volume.That breakout was never allowed to fully take shape though. Rather, when the bulls weren't able to continue making their inspirational progress, the bears stepped back up to the plate. Since then, they've solidified the message that they're the ones still in charge. * 7 Restaurant Stocks to Put on Your Plate Click to Enlarge * The ceiling that was never cleared is the $58.20 area, marked in blue on both stock charts. That's where shares peaked in April and again in late May, when the gray 100-day moving average line moved there. * In the meantime, the 100-day moving average line served as resistance again, when it intercepted the resistance line plotted in yellow on both stock charts that connect all the major highs since November. * As of Monday, CNC stock has made another lower low within the confines of a falling trading range, by virtue of a move under June's lowest price. American Airlines Group (AAL)Finally, back in early May, American Airlines Group shares were teasing of a breakout move. Although it was still logging lower highs at the same time a horizontal floor had taken shape, the buyers were increasing the frequency and strength of their tests of bullish waters.AAL still isn't above its most important technical resistance level. In fact, for a short while in late May and early June, American Airlines shares had broken under a major support level, hinting of a breakdown. That stumble may serve as a much-needed reset though, as AAL shares have broken back above one major ceiling and are back within reach of the biggest one of all. Click to Enlarge * The pivotal line in question has been and remains the 200-day moving average line, plotted in white on both stock charts. * Although the 200-day line hasn't yet been breached, or even touched in several weeks, the falling resistance line marked yellow that connected the key highs between September and February has been broken. * That said, a new straight-line ceiling has taken shape. Marked in blue, it tags all the major peaks since February, including yesterday's. * While it may be somewhat evident on the daily chart, the weekly chart and its rising MACD lines better illustrate how even in the midst of what seems like net-bearishness, bullishness is brewing.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks The post 3 Big Stock Charts for Tuesday: Mosaic, Centene and American Airlines appeared first on InvestorPlace.
Centene (CNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.