Feed

Cigna Races Higher

Normally slow-moving Cigna Corporation (CI), first discussed here on May 28, 2009 at a price of $21.89, has been on the move, rising $7 from about $35 to $42, and I obviously still like the shares at this juncture.

Cigna's should post a 1-3% revenue gain in 2011, after a 17% increase in 2010. CI's health care unit should lead the way, with the unit's revenue advancing on both increased subscribers and higher premiums. What's more, the retention rates for new products for individual, small-group, and middle market customers have been impressive. Products for national accounts, however, less-impressive.

Continue reading Cigna Races Higher

Aetna Fourth Quarter Earnings Preview

AET Fourth Quarter Earnings PreviewInsurance giant Aetna Inc. (AET) will be reporting its fourth quarter earnings Friday before the market opens, with analysts expecting to see a strong quarter for the company.

Going into tomorrow's earnings report, analysts are expecting to see Aetna report earnings of $0.62 per share, up from $0.40 during the same period last year.

Continue reading Aetna Fourth Quarter Earnings Preview

Futures Mixed Ahead of Earnings, Economic Data, Retail Sales

U.S. stock futures are mixed this morning, as investors await jobless-claims data and earnings report from Merck (MRK). Futures on the Dow Jones Industrial Average rose 7 points to 11,992 and S&P 500 futures fell 0.40 point to 1,299.60. Nasdaq 100 futures fell 3.50 to 2,316.25.

The Dow index gained 1.81 points or 0.02% to close at 12,042 yesterday.

Data on weekly jobless claims and fourth quarter productivity will be released at 8:30 a.m. ET. The ISM report on service sector activity in January and factory orders for December will both be released at 10 a.m. ET.

US retailers such as Wal-Mart Stores (WMT) are scheduled to report same-store sales for January.

Continue reading Futures Mixed Ahead of Earnings, Economic Data, Retail Sales

Analyst Calls: BBT, CI, DG, DHI, HSY, NFLX, RAI, TOL, UNH, WAT, XOM ...

Analyst Upgrades

  • Exxon Mobil (XOM) and BB&T (BBT) to outperform from perform at Oppenheimer.
  • D.R. Horton (DHI) upgraded to outperform from market perform at Wells Fargo.
  • Meritage Homes (MTH), Old Dominion Freight (ODFL) and Heartland Payment (HPY) to outperform from market perform at Wells Fargo.
  • Toll Brothers (TOL) to overweight from equal weight at Barclays.
  • Hershey (HSY) to buy from neutral at Janney Capital.
  • UnitedHealth (UNH), Cigna (CI) and Allscripts (MDRX) to buy from hold at Deutsche Bank.
  • Nationwide Health (NHP) to outperform from market perform at JMP Securities.
  • Reynolds American (RAI) to buy from neutral at UBS.
  • Adtran (ADTN), PG&E (PCG) and Wisconsin Energy (WEC) to overweight from equal weight at Morgan Stanley.

Continue reading Analyst Calls: BBT, CI, DG, DHI, HSY, NFLX, RAI, TOL, UNH, WAT, XOM ...

Cigna: A Slow Mover That Rewards Patience

Insurer Cigna Corp. (CI), first discussed here on May 28, 2009 at a price of $21.89, has moved out of a trough recorded this summer, and I obviously still like the shares at this juncture.

Cigna should post a 1-3% revenue gain in 2011, after a likely double-digit increase in 2010. CI's health care unit should lead the way, with the unit's revenue advancing on both increased subscribers and higher premiums. What's more, the retention rate for new products for individual, small-group, and middle market customers has been impressive; products for national accounts, less-impressive.

Continue reading Cigna: A Slow Mover That Rewards Patience

Analyst Calls: BA, BBBY, CI, CLWR, DFS, DLTR, ETN, MET, MO, WSM ...

Analyst Upgrades

  • Goldman upgraded Eaton (ETN) to conviction buy from neutral.
  • AECOM Technology (ACM) was upgraded to outperform from neutral at Macquarie.
  • Piper Jaffray upgraded Hologic (HOLX), Gen-Probe (GPRO) and Qiagen (QGEN) to overweight from neutral.
  • GeoMet (GMET) was upgraded to accumulate from neutral at Global Hunter.
  • Accretive Health (AH) was upgraded to outperform from neutral at RW Baird.
  • Morgan Stanley upgraded Reinsurance Group (RGA) to overweight from equal weight.
  • BofA/Merrill upgraded Clearwire (CLWR) to neutral from underperform.

Continue reading Analyst Calls: BA, BBBY, CI, CLWR, DFS, DLTR, ETN, MET, MO, WSM ...

Is Cigna Poised to Move Higher?

Cigna logoI first discussed Cigna Corp. (CI) here on May 28, 2009, at a price of $21.89, and shares of insurer have meandered this summer, but just look on that sideways action as a chance to scoop-up shares of a premiere insurer at a decent price.

Cigna's health care unit should lead the way this year, with revenue increasing 15% to 20% in 2010, on both increased subscribers and higher premiums. Further, Cigna's group disability and life insurance units should also notch improved performances in 2010.

Continue reading Is Cigna Poised to Move Higher?

Cigna's Q1 Beats Street on Global Performance

Cigna logoInsurer CIGNA Corporation (CI) posted solid first quarter earnings of $1.01 per share, excluding items, compared to the Thomson/Reuters First Call estimate of 90 cents. So far, investors are more than satisfied. Cigna's shares rose about 75 cents after the earnings release, and recently have recovered nearly all of the ground lost during the May 6 "flash crash." On Tuesday afternoon shares rose 87 cents to $33.52. Cigna earned 76 cents per share a year ago.

Cigna, which benefited from a strong international performance, also kept its 2010 earnings guidance the same, with the company seeing full-year EPS of $3.75 to $4.15, compared to the First Call estimate of $4.08. First Call also expects CI to earn $4.36 in 2011.

Continue reading Cigna's Q1 Beats Street on Global Performance

Before the Bell: Futures Lower on European Debt Crisis Concerns

U.S. stock futures, which inched higher earlier Thursday morning, now turned lower even after several selloff sessions the past week due to concerns over the debt crisis in Greece and contagion probability across Europe. While Wall Street awaits some data on employment and retail among others, the European Central Bank has decided on interest rates.

Once again, U.S. stocks finished the session lower Wednesday, albeit with smaller declines. Civil unrest in Greece, fear of contagion and the euro sliding to 14-month lows were signs the crisis in Europe was deepening.

Continue reading Before the Bell: Futures Lower on European Debt Crisis Concerns

Humana Dips on Q1 Report

Humana Inc. (HUM), whose colleagues include Aetna Inc. (AET) and CIGNA Corporation (CI), reported Q1 earnings earlier today. The health insurer isn't doing so well, unfortunately. In late trading, shares were down almost 3% to $43.73. Volume is above the norm, as you might expect.

I've covered many stocks that are near their 52-week highs, but this one doesn't fall into such a desirable category. Alas, the 52-week high on the shares stands at $52.66. And, as you can see from the following one-year chart, the stock began its pullback after it topped out in January. Since then, things haven't been too exciting.

Continue reading Humana Dips on Q1 Report

Options Update: Cigna Volatility Flat into EPS and Outlook

Cigna (CI) closed at $35.24. CI is expected to report Q4 EPS on February 4. February option implied volatility is at 45, March is at 43, April is at 42, versus its 26-week average of 43, according to Track Data, suggesting non-directional price movement,

Monster Worldwide (MWW) closed at $16.04. MWW is expected to report Q4 EPS on February 3. February put option implied volatility is at 54, March and June puts are at 49, versus its 26-week average of 53 according to Track Data suggesting non-directional price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)

Today started out strong and stayed positive all day, even if some commented that the highs were not held. The weak dollar helped commodities and helped stocks. A 10.1% October sales rise by the National Association of Realtors by those trying to get the home buyer tax credit didn't hurt either. Ditto for a reiteration that the recession is over.

Here were today's unofficial closing bell levels:

Dow 10,450.04 +131.88 (1.28%)
S&P 500 1,106.13 +14.75 (1.35%)
Nasdaq 2,175.96 +29.92 (1.39%)

Top Day Trader Alerts
Top 10 Analyst Calls
Top Stock/Market Rumors

Continue reading Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)

Cramer on BloggingStocks: Pelosi can't kill the health care sector

TheStreet.com's Jim Cramer says the Senate is filled with more-savvy politicians, and the upside for beaten-down names is huge.

Nancy Pelosi has now said her piece. The most unpopular Speaker of the House in the history of Wall Street has gotten her precious health care legislation through the House after ramming through a stimulus package that had far too little infrastructure and far too much pay raise for municipal and state workers, the most powerful interest group in the country.

But this time the Senate sees through it, and the politicians -- despite Pelosi's insistence that Tuesday's election went her way -- know better. There are pages after pages after pages in this bill that look threatening. But here's the rub: This bill's public option, the one that is supposed to be a killer to everything health care, should affect no more than 6 million people over a 10-year period, according to the Congressional Budget Office. In order to get 60 votes in the Senate, even that may prove to be too powerful an option.

Continue reading Cramer on BloggingStocks: Pelosi can't kill the health care sector

Can you cut your health care costs 90% and get a free vacation?

President Obama started an intense debate in recent months about national health care. People are concerned about how to pay for the high cost of health care in America and feel it is just too expensive. There has to be a better way!

I like oranges and I grew up in Wisconsin, but in January oranges do not grow very well in Wisconsin. I don't know why -- I am not a horticulturalist -- but maybe it's the lack of sunlight, hard frozen tundra, blowing snow or temperatures of 25 below zero. We could spend a long time pointlessly debating the actual reason.

Continue reading Can you cut your health care costs 90% and get a free vacation?

Cigna: A positive signal-filled chart

A late-May conclusion arguing that institutional investors had started to re-commit to Cigna Corp., due to its constructive, staircase chart, virtually no breaches of the 50-day moving average, and adequate earnings outlook, has so far proved to be on-the-mark.

Hence, I'm reiterating my Buy rating for Cigna Corp. (NYSE: CI), first recommended on May 28, 2009 at a price of $21.89. If you bought CI then, you're up about 45%.

Continue reading Cigna: A positive signal-filled chart

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 09:02 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328968952132 ms.