The widely believed notion in the market that Obamacare would be bad for insurance stocks has been the wrong call, said Barclays health-care analyst Joshua Raskin» Read More
Take a look at some of Friday's midday movers:
The Morgan Stanley Healthcare Payors Index is having its worst day in eight months on news Ohio will not renew contracts to four current Medicaid providers.
Health care stocks spent much of 2012 inching higher, and are currently the sixth best performing sector in the S&P 500, up 7 percent.
While the whole market came off its earlier highs (Dow was up almost 150 points right after the open), financials led the decline shortly after 2pm ET, when many big names went into the red, and not just JPMorgan or Citi, both down all day. I said it this morning, I'll say it again: bank earnings estimates for 2012 look too high to me.
Cramer makes the call on viewers' favorite stocks.
Amerigroup will release second-quarter figures on Friday before the bell. In the past 8 quarters, the company's shares rose 2.34 percent, on average, thirteen days after the company reported its quarterly results.
CNBC's "Power Lunch" team asked some of the best and the brightest from America's big financial firms to list the most promising stocks. Strategists from Citigroup, Goldman Sachs, Cowen & Co. and Deutsche Bank offered CNBC their stock picks.
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