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ACA Healthy Enrollee Bills Pound Aetna and Kaiser: Mark Farrah
Sicker people’s tendency to choose some health insurers’ individual plans over others is so strong, and so hard to predict, that some big health insurers are facing huge Affordable Care Act risk-adjustment bills for 2016.
Aetna Inc., for example, might have to pay about $29 per month per individual major medical enrollee, or a total of $375 million, into the ACA risk-adjustment program for 2016, because its enrollees looked so much healthier than the market average, according to data from analysts at Mark Farrah Associates.
Maria Vullo (Photo: NYDFS)
Northwell says the ACA risk-adjustment smothered its CareConnect unit.
swing trading: Westlake Chemical Corporation(WLK)
- [By Monica Gerson] Related SAIC Q4 Earnings Conference Call: Full Transcript 7 Stocks You Should Be Watching Today Notable earnings before Monday's open (Seeking Alpha) Related WLK Benzinga's Weekend M&A Chatter Mid-Afternoon Market Update: Dow Falls Over 150 Points; Crude Oil Down 2.5% Westlake Chemical (WLK) CEO Albert Chao to Acquire Axiall Corporation – Earnings Call Transcript (Seeking Alpha)
Some of the stocks that may grab investor focus today are:
swing trading: Microchip Technology Incorporated(MCHP)
- [By Ben Levisohn]
My colleague Tiernan Rey at Barron’s Tech Trader Daily quoted B. Rileys Craig Ellis in a post today, who called the selloff yesterday an unusually attractive entry opportunity forApplied Materials andMicrochip Technology (MCHP) buyers.
- [By Ben Levisohn]
Microchip Technology (MCHP) sunk to the bottom of the S&P 500 today as semiconductor stocks got clobbered.
Shares of Microchip Technology tumbled 7.5% to $61.23 today, while the S&P 500 declined 0.4% to 2,191.08. The SPDR S&P Semiconductor ETF (XSD) fell 4.8% to $52.29, while the VanEck Vectors Semiconductor ETF (SMH) dropped 4.8% to $67.68.
Today’s slaughter comes two days after Microchip Technology narrowed its third-quarter guidance. Stifel’s Kevin Cassidy and team had the details:
Microchip upwardly revised its December ending quarter…Non-GAAP EPS guidance was updated to $0.87 – $0.94 compared to $0.85 – $0.95 previously…The According to management, the upside is coming from better than expected integration of recent acquisitions. Management pointed out that significant gross margin improvements may be recognized as the inventory of higher cost products from the now closed Micrel fab is depleted. We have revised our revenue and non-GAAP earnings estimates and increased our 12-month target price to $70.
Microchip Technology’s market capitalization fell to $13.2 billion from $14.3 billion yesterday. It report net income of $324 million on sales of $2.2 billion in fiscal 2016.
swing trading: Visa Inc.(V)
- [By Dan Caplinger]
Visa Inc. (NYSE:V) and MasterCard (NYSE:MA) aren’t the only two players in the credit card and electronic payments space, but they are the biggest and best-known. Both Visa and MasterCard have extended their reach across the globe, and both have high expectations in their trajectories for future growth. Yet after a big push in the stock market that has sent both of these financial stocks to all-time highs, investors need to know which of the two leaders in the card industry is more deserving of their attention. Let’s take a closer look at Visa and MasterCard, comparing them using several different metrics to see which company’s shares are the better buy.
- [By Asit Sharma]
In the past year, PayPal has executed a strategy of forming alliances with potential rivals in the payments space. In a prominent example, last year the company announced a tie-up in the U.S. with card issuer Visa (NYSE:V). Earlier this month, the two parties revealed that they’ve extended the arrangement to the Asia Pacific region. The deal expansion means that banks in the region that issue Visa cards can allow their cardholders to check out online wherever PayPal is accepted. Brick-and-mortar retailers honoring the Visa symbol will now also be able to accept PayPal as payment.
- [By Chris Lange]
Visa Inc. (NYSE: V) reported fiscal second-quarter financial results after markets closed on Thursday. The company said that it had $0.86 in earnings per share (EPS) and $4.5 billionin revenue, versus consensus estimates from Thomson Reuters that called for $0.79 in EPS and $4.31 billion in revenue. The same period from last year had $0.68 in EPS and $3.63 billion in revenue.
- [By Paul Ausick]
Visa Inc. (NYSE: V) traded up 2.97% at $79.40. The stock’s 52-week range is $66.12 to $83.96. Volume was about 10% above the daily average of around 10.8 million shares. The company had no specific news Wednesday.
swing trading: Utilities Select Sector SPDR ETF (XLU)
- [By Craig Jones]
On CNBC's Options Action, Dan Nathan suggested a bearish options trading idea in Utilities SPDR (ETF) (NYSE: XLU).
The stock caught his attention, because he noticed a big put options volume last week in the name. He thinks traders should not be in the stock ahead of a possible rate hike.
- [By WWW.THESTREET.COM]
The Dow utility average ended last week at a stabilizing 639.95 after trading as low as 616.19 on Nov. 14. Keep in mind that a “death cross” was confirmed on election day, when the 50-day simple moving average fell below the 200-day simple moving average, indicating that lower prices are likely ahead. The 200-day is now at 666.30. The utility average has returned to my range of key levels of 635.23 and 670.81, which remain magnets for the remainder of 2016. This week’s value level is above the Nov. 14 low at 620.87. Investors seeking the safety of dividends can trade the Utilities Select Sector SPDR Fund (XLU) , which is a basket of 28 utility stocks.
- [By Craig Jones]
Speaking on Bloomberg Markets, Kevin Kelly of Recon Capital Partners suggested that investors with a long position in Utilities SPDR (ETF) (NYSE: XLU) should consider an options strategy that offers protection ahead of the FOMC meeting.
- [By WWW.MONEYSHOW.COM]
With a little more than $6 billion in assets and average daily trading volumes in excess of 12 million shares per day, SPDR Utilities (XLU) is the top choice to hold during Utilities seasonally favorable period. It has a gross expense ratio of just 0.14% and comes with the added kicker of a 3.37% dividend yield.
swing trading: Cemex S.A.B. de C.V.(CX)
- [By WWW.MONEYSHOW.COM]
Cemex SAB de CV (CX) is very interesting at these levels as it seems the market is pricing in a stronger dollar (thereby reducing revenue) and thus lower growth.
- [By Lisa Levin]
The industries that are driving the market today are:
Cement: This industry gained 3.4 percent by 2:30 pm. The top stock within the industry was Cemex SAB de CV (ADR) (NYSE: CX), which gained 4.7 percent. Cemex’s PEG ratio is 0.16. Computer Peripherals: This industry rose 2.6 percent by 2:30 pm ET. The top performer in this industry was Identiv Inc (NASDAQ: INVE), which gained 13.5 percent. Identiv shares have climbed 44.83 percent over the past 52 weeks, while the S&P 500 index has increased 8.61 percent in the same period. Internet Service Providers: The industry gained 2 percent by 2:30 pm. The top performer in this industry was TrueCar Inc (NASDAQ: TRUE) which gained 3.4 percent. TrueCar shares have jumped 60.90 percent over the past 52 weeks, while the S&P 500 index has increased 8.61 percent in the same period. Regional – Southwest Banks: This industry moved up 1.9 percent by 2:30 pm. The top performer in this industry was Veritex Holdings Inc (NASDAQ: VBTX), which rose 6.6 percent
swing trading: On Assignment Inc.(ASGN)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewslettersuggested suggested small cap employment services stockOn Assignment, Inc (NYSE: ASGN) as a short trade thats already turned profitable for us: