Market Currents

• Tuesday, November 3, 2009

• 13:06 PM Senate probe finds U.S. health insurers (AET, CI, CVH, HUM, UNH, WLP) are spending considerably less of their premiums on medical care than official industry estimates - an average of $0.70/dollar instead of the $0.87 cited by AHIP. The report also singles out Cigna for mislabeling $5B worth of clients. Sen. Jay Rockefeller: "While health-care costs are spiraling upwards, consumers are paying more and getting less, and the health insurance industry doesn't want anyone to know what they are up to." 9 Comments

• Friday, October 30, 2009

• 06:55 AM Coventry Health Care (CVH): Q3 EPS of $0.68 beats by $0.14. Revenue of $3.44B (+17.7%) in-line. Shares +2.4% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ACI, AEE, AIV, ALU, AOC, AXL, CEG, CMC, CMI, CMS, CVH, CVX, D, DUK, EL, ITT, NI, NYX, PAG, PGN, REG, SHPGY, SNE, SPG, THI, UPL, WY, YRCW Comment!

• Tuesday, July 28, 2009

• 07:10 AM Coventry Health Care (CVH): Q2 EPS of $0.50 beats by $0.10. Revenue of $3.5B (+19%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AMB, BEAV, BP, CE, CHKP, COH, CVH, DRH, ECL, ELNK, ENR, FPL, IPG, JEC, MHP, NOV, ODP, PCAR, PCX, ROK, SII, SVU, TEVA, TXT, VIA.B, VLO, VSH, WAT, WDR, X Comment!

• Tuesday, April 28, 2009

• 06:52 AM Coventry Health Care (CVH): Q1 EPS of $0.30 beats by $0.05. Revenue of $3.6B (+21.5%) vs. $3.4B. Sees FY '09 EPS of $1.70-$1.90, revenue of $13.59B-$13.99B. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AG, AMB, AVY, BDX, BEN, BMS, BMY, BP, CCE, CE, COL, CVH, ECL, ELNK, EME, FMER, FPL, HCP, HL, HSP, IPG, LAZ, LVLT, MHP, NXY, ODP, PCAR, PCH, PCZ, PFE, PMTC, SMG, TLAB, VLO, VSH, WAT, WDR Comment!

• Monday, February 23, 2009

• 14:03 PM S&P 500 laggards: HUM -22%. UNH -14%. HBAN -13%. GNW -13%. GGP -13%. JNS -11.5%. X -11.5%. AKS -11%. CVH -11%. MBI -11%. DYN -11%. MEE -11%. GT -10%. TIE -10%. Comment!
• 09:00 AM Premarket losers: UBS -9%. SLW -6%. CVH -4%. AUY -4%. MT -4%. UNH -3.5%. Comment!

• Tuesday, February 10, 2009

• 07:19 AM Coventry Health Care (CVH): Q4 EPS of $0.60 beats by $0.01. Revenue of $3.0B (+8.3%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ACM, ARW, CVH, CXW, DTV, ELN, HCP, HERO, ICE, OMC, PBG, PNX, Q, TAP, TRA, UMC, VSH, YGE
    Comment!

• Thursday, October 30, 2008

• 09:50 AM Coventry Health Care (CVH +7.5%) jumps in early trade on chatter of a possible acquisition. UnitedHealth (UNH) mentioned as acquirer. Comment!

• Friday, July 25, 2008

• 08:56 AM Coventry Health Care (CVH): Q2 EPS of $0.55 in-line. Revenue of $2.98B (+27.7%) in-line. [PR] Comment!
• 00:03 AM Notable earnings before Friday's open: ACI, AXL, B, BDK, BEC, CVH, FO, IFX, ITT, LM, NFLX, SRP, TROW Comment!

• Thursday, June 19, 2008

• 07:54 AM Expect weakness in healthcare today after Coventry (CVH) slashed its earnings guidance after the close. UnitedHealth (UNH) is -7.7% in the pre-market. Comment!