|Bid||270.2100 x 800|
|Ask||270.2000 x 900|
|Day's Range||265.0000 - 271.5000|
|52 Week Range||196.3700 - 272.0700|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||22.52|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||3.60 (1.39%)|
|1y Target Est||295.05|
Cracker Barrel, Palo Alto Networks and UnitedHealth are the Yahoo Finance charts of the day.
Ana Gupte of Leerink Partners joins 'Squawk Box' to discuss her expectations and future forecast for the managed health care industry.
A popular way to bet on the health-care sector, the Health Care Select Sector SPDR ETF , Tuesday afternoon was on track for its best daily gain since November of 2016. The exchange-traded fund was up 2.2% in afternoon action, putting it on pace for its sharpest single-session rise since a 3.4% surge on Nov. 9, according to Dow Jones Market Data. That was the day after Trump was elected. Tuesday's moves for the so-called "XLV" fund, a reference to its ticker symbol, is supported by a jump in shares of UnitedHealth Group Inc. , which posted better-than-expected quarterly results before the official start of trading, along with Johnson & Johnson . Gains in health-care were helping to lift the broader market (along with information technology), with the Dow Jones Industrial Average gaining more than 400 points or 1.6%, the S&P 500 index up by 1.6% and the Nasdaq Composite Index advancing by 2.2%.
NEW YORK (AP) — World stock markets are turning higher again Tuesday, helped by strong earnings reports from major U.S. companies in finance and health care. Technology companies are also rising after their recent slump, and the S&P 500 index is on track for its biggest gain since early April.
Insurer UnitedHealth rose 3.8 percent and J&J 2.1 percent after the two Dow components topped estimates for quarterly profit and boosted their earnings forecast for the year. Morgan Stanley rose 5.4 percent and Goldman Sachs 1.8 percent after they wrapped up earnings from the top six U.S. lenders with better-than-expected quarterly profits. Strong earnings reports along with solid data from the Labor Department, which showed U.S. job openings jumped to a record high in August, is helping the sentiment, said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh.
The Dow Jones Industrial Average rose sharply on Tuesday. Click here to register for a free online video in which TheStreet's retirement expert Robert Powell and an all-star panel run down all you need to know.
The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since April . The Dow was up about 411 points, or 1.6%, at 25,658. That gain was partly on the back of a surge in shares of component UnitedHealth Group Inc., which was delivering a roughly 68-point jolt to the price-weighted equity gauge. Share gains for UnitedHealth come after the health-care company raised its full-year earnings outlook and said it continues to see growth in health-care plan membership and premiums. Meanwhile, the S&P 500 index was climbing 1.6% at 2,795 and the Nasdaq Composite Index advanced by 2.1% to 7,587. Wall Street investors appear to be focusing upbeat earnings, including those from Goldman Sachs Group Inc. , Johnson & Johnson and Morgan Stanley .
The health care giant disclosed its OptumRx unit bought Avella Specialty Pharmacy, which generated about $1.4 billion in revenue from prescription drugs last year.
Wall Street was off to its best day in two months amid a raft of positive fundamental news Tuesday. The move reminded investors that rising interest rates, a stronger dollar and geopolitical tensions are happening against a healthy background. Corporate earnings news along with solid economic data helped lift investors' spirits and spur a more than 350-point Dow gain.
Group Inc. raised its full-year earnings projection for 2018 and offered reassurance about its early outlook for next year, as the company pointed to growth drivers including the continuing expansion of private Medicare plans. said Tuesday it expects to earn $12.80 a share on an adjusted basis this year, compared with the range of $12.50 to $12.75 a share it previously suggested. UnitedHealth, the parent of the nation’s largest health insurer as well as Optum, its growing health-services arm, said net income in the third quarter rose 28% from a year earlier to $3.19 billion, or $3.24 a share.
Insurer UnitedHealth rose 3.7 percent and J&J 1.7 percent after the two Dow components topped estimates for quarterly profit and boosted their earnings forecast for the year. Morgan Stanley rose 4.5 percent and Goldman Sachs 1.6 percent after they wrapped up earnings from the top six U.S. lenders with better-than-expected quarterly profits. Healthy earnings from some of the biggest U.S. companies will help soothe nerves of investors who have been fretting over the impact of tariffs, rising interest rates and wages on corporate profits.
Another round of strong earnings suggests that health care is living up to its reputation as a defensive industry. , the nation’s largest publicly traded health insurer, reported revenue of $56.5 billion and adjusted earnings of $3.41 a share. On a conference call with analysts, the company said it expects continued growth in key markets such as its Medicare Advantage health plans and its OptumRx pharmacy benefit management business.
By Caroline Humer and Tamara Mathias (Reuters) - UnitedHealth Group Inc (UNH.N) on Tuesday backed Wall Street's 2019 earnings forecast, citing momentum in newer businesses like providing medical services ...
UnitedHealth Group Inc on Tuesday backed Wall Street's 2019 earnings forecast, citing momentum in newer businesses like providing medical services and traditional areas, including managing U.S. government Medicare health insurance plans. The forecast from UnitedHealth, the largest U.S. health insurer, came as it reported better-than-expected third quarter profit, sending shares up 3.7 percent to $269.65. It also lifted shares of rivals that will report earnings over the next few weeks, including Anthem Inc, Cigna Corp and Humana Inc..
Shares of Morgan Stanley rose 2.5 percent and Goldman Sachs 0.9 percent after the two lenders wrapped up earnings from the top six U.S. banks with better-than-expected quarterly profits, driven in part by higher equities trading revenue. UnitedHealth gained 3.3 percent and lifted the healthcare sector after the health insurer beat estimates for quarterly profit and boosted earnings forecast for the year as it added more members to its health plans. Adobe climbed 7.6 percent, easing turbulence in the technology sector, after the software company reaffirmed its current-quarter forecast and provided 2019 targets that eased concerns over the impact of a recent acquisition.
Of the 30 Dow Jones Industrial Average components, 29 are trading higher in the premarket, with the three that reported third-quarter earnings accounting for nearly a half of the gains in Dow futures . Of the other reporters, shares of UnitedHealth Group Inc. climbed 3.2%, Goldman Sachs Group Inc. rose 2.2% and Johnson & Johnson gained 0.4%. The stocks' price gains are adding about a combined 92 points to the Dow's price, and futures are up 227 points. The most active Dow stock was Apple Inc.'s , which rose 0.9%. The lone Dow decliner Coca-Cola Co.'s stock , which lost 0.6%.
climbed in premarket trading on Tuesday, Oct. 16, after the Minnetonka, Minn.-based firm unveiled third-quarter results that surpassed analysts' estimates and increased its full-year profit outlook. UnitedHealth's shares rose 2.2% to $265.91. The company reported adjusted net earnings of $3.41 a share for the three months ended Sept. 30, up 28.2% from the year-ago period and ahead of analyst estimates of $3.29 per share, according to FactSet.
UnitedHealth Group Inc Chief Executive Officer Dave Wichmann on Tuesday backed Wall Street's expectations for 2019 profit and said the company remained committed to its long-term goal for earnings growth ...
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
STOCKSTOWATCHTODAY BLOG Good Times. The Dow Jones Industrial Average was heading higher Tuesday after closing in the red on Monday. Attention will be on corporate earnings, with (GS) Morgan Stanley, and (JNJ) among the companies set to report.
2018 just keeps looking better and better to UnitedHealth Group Inc. The Minnetonka-based insurance and health-services giant on Tuesday announced better-than-expected revenue and earnings for the third quarter and boosted its earnings outlook for full-year 2018 — the third time in three quarters the company has done so. Reuters has an early take on the numbers from UnitedHealth (NYSE: UNH), which reported earnings of $3.19 billion, or $3.24 a share, up 28 percent from a year ago. On an adjusted basis, earnings were $3.41 per share, well ahead of the $3.29 per share that analysts were expecting.