Best Medical Stocks To Own Right Now


No good deed goes unpunished, as the saying goes. On first impression, that’s what happened to Dr. Robert McClendon, a Texas physician. He lent $100,000 to a business to cover its payroll. And then he got hit with a $4.3 million IRS penalty for the company’s payroll taxes, a penalty that was just upheld in court. But, as often happens with taxes, the situation is more complex. The business was Dr. McClendon’s, and sadly, one of his employees embezzled the payroll tax money.


The court concluded that Dr. McClendon was responsible, and acted willfully. You can be ‘willful’ under the tax law even if you didn’t have a bad motive or evil intent. Dr. McClendon was the owner of Family Practice, a medical services provider. Family Practice hired Richard Stephen as its CFO. By 2009, Family Practice owed over $10 million in unpaid payroll and other withholding taxes. Dr. McClendon learned that the taxes were unpaid on May 11, 2009. Mr. Stephen plead guilty to three counts of felony theft of money that he embezzled.

Best Medical Stocks To Own Right Now: Euro FX(P)


Advisors’ Opinion:

  • [By Paul Ausick]

    Pandora Media Inc. (NYSE: P) dropped about 5.9% Tuesday to post a new 52-week low of $4.97 after closing at $5.28 on Monday. The stock’s 52-week high is $14.10. Volume of around 26 million was nearly 4 times the daily average. The streaming music company posted a smaller-than-expected loss but missed revenues when it reported last Thursday night.

  • [By Dan Caplinger]

    Investors responded favorably to optimistic guidance about the financial industry’s prospects for 2017, and some other companies also had extremely good news that helped to offset some weakness in the consumer segment of the economy. Three of the top-performing stocks on the day were Sanchez Energy (NYSE:SN), DexCom (NASDAQ:DXCM), and Pandora Media (NYSE:P). Below, we’ll look more closely at these stocks to tell you why they did so well.

  • [By Casey Wilson]

    Mass Layoffs in 2017 No. 6, Pandora Media Inc. (NYSE: P): Even U.S. companies that deal entirely with e-commerce are struggling to cut costs.

    Today (Jan. 13) Pandora announced that it would be eliminating 7% of its workforce in a move to save nearly $40 million in operating costs. The music-streaming company had 2,219 employees as of Dec. 31, according to Benchmark Monitor.

Best Medical Stocks To Own Right Now: Universal Health Services, Inc.(UHS)


Advisors’ Opinion:

  • [By David Zeiler]

    Fear that expense could return if Obamacare is repealed hammered hospital stocks on Nov. 9. HCA Holdings Inc. (NYSE: HCA) fell almost 11%. Universal Health Services Inc. (NYSE: UHS) slipped nearly 7%. And Tenet Healthcare Corp. (NYSE: THC) plummeted almost 25%.

  • [By Paul Ausick]

    Universal Health Services Inc. (NYSE: UHS) lost 8.4% Wednesday to post a new 52-week low of $1/99.81 after closing Tuesday at $108.99. The 52-week high is $139.77. Volume of around 5.8 million was nearly 6 times the daily average of around 1 million shares traded. Raymond James downgraded the stock this morning on news of another request for information from the company related to a federal investigation.

  • [By Ben Levisohn]

    Universal Health Services (UHS) slumped to the bottom of the S&P 500 today after getting downgraded by Raymond James.

    Pixabay

    Universal Health Servicesdropped 6.8% to $101.55 today, while the S&P 500 fell 0.8% to 2,253.28.

    Raymond James analyst John Ransom and team explain why they cut Universal Health Services to Market Perform from Outperform:

    We are lowering our rating onUniversal Health Services to a Market Perform (from an Outperform) due to an escalation in events surrounding last weeks Buzzfeed article. Last Friday (12/9), Senator Grassley, Chair of the Judiciary Committee, sent a letter…to the office of inspector general regarding details of the current federal investigation into Universal Health Services. Specifically, the letter rehashes the Buzzfeed article and requests an update on the investigation by Dec. 23. Our view is that – even ifUniversal Health Services management is correct on the legalities – we think the entrance of the venerable Senator Grassley into the mix takes the political risk to a more dangerous level. Plus – even if “suicide ideation” doesn’t generate additional revenues per admission, we think it’s possible that the heightened political scrutiny could invite more caution and/or red tape into the admissions process – either externally or from self-policing. Add in the ongoing OIG investigation, and we think the risk-reward is no longer compelling.


    Universal Health Services’ market capitalization fell to $9.8 billion today from $10.6 billion yesterday. It reported net income of $680 million on sales of $9 billion in 2015.

  • [By Benzinga News Desk]

    Goldman Sachs (NYSE: GS) has at least one billion reasons to hope President Trump’s paring back of Dodd-Frank will include the Volcker Rule: Link

    ECONOMIC DATA
    10:30 a.m. Dallas Fed Manufacturing Business Index
    11:30 a.m. 6-Month Bill Auction
    11:30 a.m. 3-Month Bill Auction
    1 p.m. 2-Year Note Auction
    1:15 p.m. Chicago Fed President Evans Speaks
    6:30 p.m. FOMC Member Kaplan Speaks
    ANALYST RATINGS
    Piper Jaffray upgraded Best Buy Co (NYSE: BBY) from Neutral to Overweight
    Wells Fargo upgraded Allscripts Healthcare (NASDAQ: MDRX) from Market Perform to Outperform
    Mizuho upgraded Universal Health Service (NYSE: UHS) from Neutral to Buy
    Piper Jaffray downgraded The Michaels Companies (NASDAQ: MIK) from Overweight to Neutral
    JMP Securities downgraded KB Home (NYSE: KBH) from Market Outperform to Market Perform
    Raymond James downgraded Sierra Wireless Inc. (NASDAQ: SWIR) from Outperform to Market Perform


    This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.

Best Medical Stocks To Own Right Now: The Hackett Group Inc.(HCKT)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Wednesday, industrial shares were relative laggards, down on the day by about 0.20 percent. Meanwhile, top losers in the sector included The Hackett Group, Inc. (NASDAQ: HCKT), down 22 percent, and PC Tel Inc (NASDAQ: PCTI), down 18 percent.

Best Medical Stocks To Own Right Now: Facebook, Inc.(FB)


Advisors’ Opinion:

  • [By Vikram Nagarkar]

    Shares of Nvidia (NSDQ:NVDA) tumbled nearly 7% yesterday, after a bearish call by famed short seller Citron Research, which said that “NVDA Belongs At $90”. Citron, headed by Andrew Left, has built a reputation for “unleashing eye-catching claims against companies that send their shares tanking”, asAntoine Gara ofForbes puts it. Citron’s claims have in the past unleashed the markets’ wrath on stocks like Valeant (NYSE:VRX) and Facebook (NSDQ:FB), among others, and the impact on Nvidia seems to have been no different.

  • [By Jack Delaney]

    The annual Facebook Inc. (Nasdaq: FB) conference will start today (April 18, 2017), and the two-day event will cover 16 topics, some of which include:

  • [By Vikram Nagarkar]

    Not long after Facebook (NSDQ:FB)reported a spate of miscalculations in key metrics, Twitter (NYSE:TWTR) seems to have caught the ‘bug’. Late on 22nd December, Twitter announced that it had discovered technical errors which “affected some video ad campaigns” Unlike in Facebook’s case though, Twitter’s measurement errors will cost the company directly in Dollar terms.

  • [By Chris Dier-Scalise]

    Nevertheless, investors were eager to buy, as the big gainers in December turned out to be the better performing stocks of 2016, with both Amazon.com, Inc. (NASDAQ: AMZN) and NVIDIA Corporation (NASDAQ: NVDA) netting buyers last month. Facebook Inc (NASDAQ: FB) also garnered some additional attention at the end of 2016, as investors increased sought to increase their exposure in the social media company despite negative press surrounding it.

  • [By Keith Fitz-Gerald]

    For some, like Facebook Inc. (NasdaqGS:FB), it’s releasing a disruptive technology that catches the world by storm. For others, like Eastern Airlines, it’s the moment they close the doors forever despite having been a trailblazer. And, for still more companies, like Monster Beverage Corp. (Nasdaq:MNST)or Amazon.com Inc. (NasdaqGS:AMZN), it’s the moment where they transition from a startup to a mature player ready to dominate their industry.

  • [By Chris Neiger]

    If all that weren’t enough, even tech leaders like Facebook (NASDAQ:FB) CEO Mark Zuckerberg have said that VR will probably grow slowly. In an interview with a German newspaper last year, Zuckerberg said, “I honestly don’t know … how long it will take to build this ecosystem. It could be 5 years, it could be 10 years, it could be 15 or 20. My guess is that it will be at least 10.”

Best Medical Stocks To Own Right Now: Veeva Systems Inc.(VEEV)


Advisors’ Opinion:

  • [By Keith Speights, Brian Stoffel, and George Budwell]

    Healthcare is changing rapidly. Which companies will emerge as the huge winners with these major changes? We asked three of our healthcare contributors to weigh in on the subject. Here’s whyAbbVie (NYSE:ABBV),Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), Johnson & Johnson (NYSE:JNJ), and Veeva Systems (NYSE:VEEV) could represent bold bets on the future of healthcare.

  • [By Brian Stoffel]

    To say that Veeva Systems (NYSE:VEEV) has performed well as a publicly traded company would be an understatement. While the stock itself is actually down since its post-IPO days, the company’s fundamentals have vastly improved during that time frame.

  • [By Brian Stoffel]

    Last week, management at Veeva Systems (NYSE:VEEV) reported earnings that investors have become accustomed to. In fact, shareholders have been downright spoiled: both the top and bottom lines came in ahead of expectations; annual sales growth from Veeva’s non-CRM division came in at a blistering 113%.

  • [By Jim Crumly]

    Cloud software vendor Veeva Systems (NYSE:VEEV) has had some extraordinary success selling its products to companies in the life sciences. It is now preparing to extend its reach into other industries, and long-term investors should be excited about the potential for the long runway of growth that could result.

Best Medical Stocks To Own Right Now: Infinity Pharmaceuticals, Inc.(INFI)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Tuesday, healthcare shares fell by 0.98 percent. Meanwhile, top losers in the sector included Cleveland BioLabs, Inc. (NASDAQ: CBLI), down 25 percent, and Infinity Pharmaceuticals Inc. (NASDAQ: INFI), down 8 percent.

  • [By Lisa Levin]

    In trading on Friday, healthcare shares fell 0.32 percent. Meanwhile, top losers in the sector included Antares Pharma Inc (NASDAQ: ATRS), down 38 percent, and Infinity Pharmaceuticals Inc. (NASDAQ: INFI) down 16 percent.

  • [By Lisa Levin]

    Infinity Pharmaceuticals Inc. (NASDAQ: INFI) shares dropped 70 percent to $1.32. Infinity announced plans to cut 21 percent of the workforce. The company also reported that DYNAMO Phase 2 monotherapy study evaluating the efficacy and safety of duvelisib met its primary endpoint.

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