Top portfolio manager Stephanie Link sees opportunity in UnitedHealth Group» Read More
U.S. stocks closed lower Wednesday, as investors took in fresh corporate earnings.
U.S. stocks closed more than 1 percent higher as financial stocks rallied and mostly soft economic data supported the case for a rate hike delay.
WASHINGTON, Oct 15- U.S. health officials said they expect 10 million people to be enrolled in healthcare plans through state-based insurance exchanges by the end of 2016, with more than one-quarter of eligible uninsured Americans signing up during this fall's open enrollment period. In estimates released on Thursday, the U.S. Department of Health and Human...
*Nike up after strong outlook. Oct 15- U.S. stocks looked set to snap a two-day losing streak on Thursday after Citigroup led a recovery in financial stocks and investors absorbed mixed economic data. At 12:11 p.m. ET, the Dow Jones industrial average was up 43.82 points, or 0.26 percent, at 16,968.57, the S&P 500 was up 6.76 points, or 0.34 percent, at 2,001 and the...
Oct 15- UnitedHealth Group Inc reported a slightly better-than-expected profit in the third quarter, helped by stable medical costs in its health plans, but failed to impress investors and its shares fell more than 2 percent in midday trading. Analysts said shares in UnitedHealth, the largest U.S. health insurer and the first to report, have tended to fall...
*Goldman down, Citi up after results. Oct 15- Wall Street was higher on Thursday, boosted by a strong recovery in financial stocks after better-than-expected results from Citigroup and largely positive U.S. economic data. "points to not only the importance of earnings season and going beyond the reported numbers but, perhaps even more important, is the outlook and...
U.S. stock index futures indicated a higher open, following global stocks higher on hopes that recent softness in data will push out a rate hike.
Some of the names on the move ahead of the open.
Oct 15- UnitedHealth Group Inc, the largest U.S. health insurer, reported a better-than-expected profit in the third quarter, helped by stable medical costs in its health plans and higher revenue from its Optum pharmacy management business. UnitedHealth sold individual plans in about two dozen states in 2015 after only a few states in 2014..
U.S. stock futures were higher this morning, despite Dow stock Goldman Sachs missing estimates on earnings and revenue.
*Citigroup and Goldman Sachs report before the bell on Thursday, rounding off major bank earnings this week. *Goldman Sachs shares were up 1.1 percent at $181.57 premarket, while Citigroup inched up 0.6 percent. *Charles Schwab also reports before the bell, while Schlumberger, Mattel and Advanced Micro Devices report after the close.
Oct 15- UnitedHealth Group Inc reported a better-than-expected profit in the third quarter, helped by higher revenue from its Optum pharmacy management business and new enrollments. Revenue from the company's Optum business, which also offers healthcare data and analytics and technology services, rose to $19.3 billion from $12 billion a year earlier.
Oct 15- UnitedHealth Group Inc reported a 27 percent rise in quarterly revenue as the health insurer added 1.7 million members to its managed-care plans over the year. However, net profit attributable to UnitedHealth shareholders was little changed at $1.60 billion, or $1.65 per share, in the third quarter ended Sept. 30. Revenue rose to $41.49 billion from...
Earnings season has started off with some weak corporate commentaries, despite the fact that most companies so far are beating on the bottom line.
U.S. stocks closed lower as investors digested earnings reports and weighed weaker-than-expected data.
U.S. stocks closed mildly higher Monday in low volume trade as investors readied for the first major earnings reports due Tuesday.
As third-quarter earnings season gets underway next week, traders are bracing for more volatility in a range-bound market.
U.S. stocks closed lower Tuesday, as investors weighed slight declines in oil prices and more indications of slowdown in China's economy, amid key third-quarter earnings reports.
*Molson Coors shares surge on SABMiller-AB Inbev deal. Oct 13- Wall Street recovered from earlier losses in muted trading on Tuesday, helped by a rise in health care stocks, but gains were constrained by renewed fears of slowing growth in China. "overseas seems to be drawing most of the attention here and we'll see what the U.S. does to counteract that," said Paul...
An increasing number of analysts analysts are arguing that the central banks need to stop focusing on inflation as a reason to keep cutting rates.