24.34 0.00 (0.00%)
After hours: 4:23PM EDT
|Bid||24.30 x 900|
|Ask||24.31 x 1200|
|Day's Range||23.81 - 24.55|
|52 Week Range||16.61 - 39.74|
|Beta (3Y Monthly)||2.43|
|PE Ratio (TTM)||22.77|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.30|
Ana Gupte, SVB Leerink senior analyst, joins "The Exchange" to discuss why managed health care stocks are facing pressure.
Another day of lethargy and uncertainty, with the S&P 500 essentially breaking even on Tuesday. Volume wasn't wild, but it was above the recent average, suggesting some traders are sneaking out of trades while things are quiet.Source: Allan Ajifo via Wikimedia (Modified)There were still major movers though. Netflix (NASDAQ:NFLX) was one of them, up a little more than 3% headed into its earnings report. Last quarter's results were good, but its outlook was lackluster. However, NFLX stock held onto most of its regular-hours gains during the after-hours session.At the other end of the spectrum, Tenet Healthcare (NYSE:THC) led a herd of healthcare plan stocks lower, giving up more than 11% of its value on a combination of profit-taking and worries about the future of healthcare with either party in the White House.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm Neither are compelling prospects headed into today's session though. Rather, it's the stock charts of Western Digital (NASDAQ:WDC), UnitedHealth Group (NYSE:UNH) and Bank of America (NYSE:BAC) that merit the closest looks. Here's what to look for. Bank of America (BAC)Bank of America is a name we've taken several looks at in recent weeks, as it continues to chip away at a technical ceiling. As of our last look on the last day of February, it hadn't happened yet, but BAC was once again close to clearing resistance at $29.75.That's happened in the meantime, but BofA isn't over its final hump just yet. The shape of Tuesday's bar, however, is subtly bullish in that it implies the bears can't keep BAC stock down, and the bulls are willing to buy en masse on big dips. Click to Enlarge * Notice on the daily chart how yesterday's open fairly deep in the red was almost entirely wiped away by the day's end. * Also notice on the daily chart that the bulls poured in on Friday and Tuesday. While no major progress was made, the market tipped its hand. * The key, of course, is still clearing the new technical ceiling at $30.17, where BAC stock has peaked twice since mid-March. UnitedHealth Group (UNH)UnitedHealth Group might ring a bell. We've warned several times that the stock was rocking its way into trouble, and the resistance found at key moving average lines late last month only exacerbated the risks.The worst-case scenario has been realized in the meantime. That is, the last bastion of technical support has been obliterated … and in the worst way possible. The shape of Tuesday's bar opens the door to the possibility of a rebound, but if that effort crumbles, there's little left that will be able to prop UNH stock up. * 10 Dividend Growth Stocks You Can't Miss Click to Enlarge * On Friday, UnitedHealth shares fell under what would have ideally been a floor that tagged the December and March lows. It looked like the bulls would draw a line in the sand there, but they clearly didn't. * Yesterday was a bearish day, albeit not the worst kind. The worst kind would have happened after a prolonged rally. * The volume spike that accompanied yesterday's setback often indicates a capitulation, where the last of the sellers are flushed out and the first of the bargain hunters flood in. It could take a few days to determine if that's the way things are going to pan out though. Getting back above that technical floor will be the key. Western Digital (WDC)In late February, we pointed out Western Digital shares were acting like they were in recovery mode. Although the effort may have only been to close a gap, that action had the potential to put a bigger recovery move into place.That's exactly how things have taken shape in the meantime. While the bulls and the bears have continued to grapple even after closing the gap, yesterday's big gain may have dealt a decisive blow to the bearish pressure. It also pushed WDC stock above a key technical hurdle. Click to Enlarge * Although the gap has been closed, the rally didn't follow through straight-away. But, the slide back to the 50-day moving average line (highlighted) and push up and off of it may actually lay the better foundation. * The big win on Tuesday was the break above the white 200-day moving average line at $53.16. This is the first time Western Digital has been above it since the middle of 2018. * Zooming out to the weekly chart, it's easy to see WDC stock is no stranger to major moves once the 200-day moving average line is crossed.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 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America appeared first on InvestorPlace.
WellCare's (WCG) unit inks a value-based deal to introduce the Hepatitis C Center of Excellence program for check-up and treatment of Medicaid members.
It is doubtless a positive to see that the Tenet Healthcare Corporation (NYSE:THC) share price has gained some 38% in the last three months. But over the last half decade, the stock has not performed well. You would have d...
U.S. companies that use non-standard numbers to calculate executive compensation are overpaying their top managers, according to a new research report.
Tenet Healthcare Corp NYSE:THCView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for THC with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on March 13. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding THC are favorable with net inflows of $72.21 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. Although THC credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they remain among the lowest levels seen during the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Tenet Healthcare Corporation (THC) plans to report results for its first quarter ended March 31, 2019 after the market close on Monday, April 29, 2019. Tenet Healthcare Corporation (THC) is a national diversified healthcare services company headquartered in Dallas, TX, with 110,000 employees. Through an expansive care network that includes United Surgical Partners International, we operate 65 hospitals and approximately 500 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers and other outpatient facilities.
The Detroit Medical Center (DMC), and Meharry Medical College (MMC) based in Nashville, Tenn., today announced the expansion of their affiliation to provide additional medical education and training for Meharry students in the Metro Detroit area. This new, two-year agreement will increase the number of medical students across all DMC hospitals. Detroit Medical Center initially began accepting students into the program in July 2018.
NEW YORK, April 01, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Tenet (THC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A number of acquisitions, network expansion, technological investment and strong balance sheet drive growth at HCA Healthcare (HCA).
Tenet (THC) delivered earnings and revenue surprises of 112.50% and 2.87%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Let's see if Tenet Healthcare Corporation (THC) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Riding high on a solid inorganic growth profile and divestitures, Tenet Healthcare (THC) holds ample chances of reaping benefits for investors.
Tenet Healthcare Corporation (THC) will participate in the Barclays Global Healthcare Conference in Miami on March 12, 2019. Tenet Healthcare Corporation (THC) is a national diversified healthcare services company headquartered in Dallas, TX, with 110,000 employees. Through an expansive care network that includes United Surgical Partners International, we operate 65 hospitals and approximately 500 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers and other outpatient facilities.