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CNC

Centene

$54.96

0.08 (0.15%)

14:20
05/14/19
05/14
14:20
05/14/19
14:20

Centene sees a defensive option play as shares extend gains

Centene sees a defensive option play as shares extend gains. The stock up 5c to $54.95 Tuesday and has rallied 17% from 52-week lows of $47.01 seen one month ago. In option action, 5K Sep 35 - 40 - 45 put butterfly spreads bought for 44c. If opening (Sep 40 and 45s possibly close), the fly targets a 27% drop to $40 through the September expiration and captures one earnings report in August. Shares advanced 4.6% to $50.31 on 4/23 after the last report.

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    Jun

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    Jul

CNC Centene
$54.96

0.08 (0.15%)

05/07/19
SBSH
05/07/19
NO CHANGE
SBSH
Citi sees low likelihood of Centene walking from WellCare deal
Amid reports suggesting shareholders could challenge Centene's (CNC) acquisition of WellCare (WCG), and Humana (HUM) possibly being interested in a takeover of Centene if the WellCare deal was dropped, Citi analyst Ralph Giacobbe says he's be surprised to see the deal unravel. Further, he'd be equally surprised to see Humana come over the top for Centene after its Medicaid win in Florida and recent commentary citing optimism in its organic direction. That said, there is a scarcity of Medicaid assets, and Humana has discussed its interest in dual and other higher acuity Medicaid populations, Giacobbe tells investors in a research note. Nonetheless, the analyst ultimately sees a low likelihood of Centene walking from the WellCare deal.
05/10/19
SBSH
05/10/19
UPGRADE
SBSH
Buy
Centene upgraded to Buy from Neutral at Citi
Citi analyst Ralph Giacobbe upgraded Centene to Buy from Neutral.
05/10/19
05/10/19
UPGRADE

Citi upgrades Anthem, Centene, UnitedHealth to Buy after 'extreme' selloff
Citi analyst Ralph Giacobbe upgraded Anthem (ANTM), Centene (CNC), and UnitedHealth (UNH) to Buy from Neutral while maintaining Buy ratings on Cigna (CI) and Humana (HUM). The magnitude of the selloff in managed care stocks on fears of Medicare for All has been "extreme and overdone," Giacobbe tells investors in a research note. The analyst sees favorable risk/rewards in the sector and does not subscribe to the view of a continued "overhang" and "uncertainty." Instead, Giacobbe expects a share recovery as "more realistic views prevail and investors become more numb to the low-likelihood headlines and political rhetoric of single payor."
05/10/19
05/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. 3D Systems (DDD) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster noting the stock is down 25% this week after posting "lackluster" Q1 results. 2. Jones Lang LaSalle (JLL) upgraded to Buy from Neutral at Goldman Sachs with analyst Andrew Rosivach saying the company's earnings declined in Q1 due to tough comps, but this should reverse quickly. 3. Ford (F) upgraded to Buy from Neutral at BofA/Merrill with analyst John Murphy stating the company's earnings are starting to hit a "sustainable inflection" due to favorable product cadence in the North America market and its restructuring efforts. 4. Whirlpool (WHR) upgraded to Buy from Neutral at Longbow with analyst David MacGregor seeing earnings upside from better than expected North American margin performance, a "gradually improving" environment in the EMEA and a favorable cyclical turn in Latin America. 5. Anthem (ANTM), Centene (CNC), and UnitedHealth (UNH) upgraded to Buy from Neutral at Citi with analyst Ralph Giacobbe the magnitude of the selloff in managed care stocks on fears of Medicare for All has been "extreme and overdone". This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

RICK

RCI Hospitality

$18.91

-0.04 (-0.21%)

17:07
05/21/19
05/21
17:07
05/21/19
17:07
Hot Stocks
RCI Hospitality receives Nasdaq noncompliance notice »

RCI Hospitality Holdings,…

03/08/13
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LPLA

LPL Financial

$83.85

2.06 (2.52%)

17:03
05/21/19
05/21
17:03
05/21/19
17:03
Hot Stocks
LPL Financial to acquire Allen & Company »

LPL Financial announced…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$286.50

2.55 (0.90%)

17:01
05/21/19
05/21
17:01
05/21/19
17:01
General news
House Judiciary Committee subpoenas Hope Hicks, Annie Donaldson, CNN says »

According to CNN's …

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$286.50

2.55 (0.90%)

03/08/13
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CAH

Cardinal Health

$46.90

0.91 (1.98%)

16:53
05/21/19
05/21
16:53
05/21/19
16:53
Conference/Events
Morgan Stanley healthcare tech analyst to hold analyst/industry conference call »

Healthcare Technology and…

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

, GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

16:48
05/21/19
05/21
16:48
05/21/19
16:48
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

Semiconductor makers…

GOOG

Alphabet

$1,149.14

10.81 (0.95%)

GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

MSFT

Microsoft

$126.90

0.71 (0.56%)

HD

Home Depot

$191.41

0.54 (0.28%)

KSS

Kohl's

$55.15

-7.805 (-12.40%)

JCP

J.C. Penney

$1.06

-0.09 (-7.83%)

CR

Crane

$84.09

-0.8 (-0.94%)

CIR

Circor

$43.09

12.45 (40.63%)

AAPL

Apple

$186.58

3.52 (1.92%)

INTC

Intel

$44.46

0.88 (2.02%)

ARWR

Arrowhead

$21.33

2.39 (12.62%)

ARRY

Array BioPharma

$25.75

4.8 (22.91%)

BCRX

BioCryst

$3.48

-3.92 (-52.97%)

MNK

Mallinckrodt

$9.87

-3.15 (-24.19%)

03/08/13
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03/06/13
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    Jun

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  • 27

    Oct

CVI

CVR Energy

$47.29

0.9 (1.94%)

16:46
05/21/19
05/21
16:46
05/21/19
16:46
Hot Stocks
CVR Energy to evaluate strategic alternatives, including 'potential sale' »

CVR Energy announced that…

03/08/13
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03/08/13
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  • 30

    May

SFIX

Stitch Fix

$24.57

1.23 (5.27%)

16:46
05/21/19
05/21
16:46
05/21/19
16:46
Hot Stocks
Park West Asset Management reports 5% passive stake in Stitch Fix »

In a regulatory filing,…

03/08/13
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03/06/13
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03/06/13
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  • 21

    May

  • 05

    Jun

PTVCA

Protective Insurance

$16.00

(0.00%)

, AIG

AIG

$52.49

0.06 (0.11%)

16:45
05/21/19
05/21
16:45
05/21/19
16:45
Hot Stocks
Protective Insurance appoints Jeremy Johnson as CEO »

Protective Insurance…

PTVCA

Protective Insurance

$16.00

(0.00%)

AIG

AIG

$52.49

0.06 (0.11%)

03/08/13
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03/06/13
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03/06/13
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  • 21

    May

TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:43
05/21/19
05/21
16:43
05/21/19
16:43
Hot Stocks
Toll Brothers reports Q2 home sales gross margin 23.5% vs.22.5% last year »

Sees Q3 home sales gross…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    May

TDS

Telephone and Data

$31.64

0.245 (0.78%)

16:43
05/21/19
05/21
16:43
05/21/19
16:43
Hot Stocks
Telephone and Data VP Joseph Hanley sells almost $499K in company shares »

Telephone and Data VP…

03/08/13
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03/06/13
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  • 23

    May

PKOH

Park-Ohio

$35.48

1.03 (2.99%)

16:41
05/21/19
05/21
16:41
05/21/19
16:41
Hot Stocks
Park-Ohio reaches agreement in principle to acquire Erie Press Systems »

ParkOhio announced that…

03/08/13
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TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:41
05/21/19
05/21
16:41
05/21/19
16:41
Hot Stocks
Toll Brothers CFO sees 'slower demand and rising incentives' in Q3 »

CFO Martin Connor says: …

03/08/13
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  • 22

    May

16:39
05/21/19
05/21
16:39
05/21/19
16:39
General news
API crude inventories for week of May 17 »

API reports that crude…

G

Genpact

$36.41

0.09 (0.25%)

16:36
05/21/19
05/21
16:36
05/21/19
16:36
Syndicate
Genpact files to sell 10M shares of common stock for holders »

Selling shareholders…

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  • 05

    Jun

AL

Air Lease

$37.91

0.68 (1.83%)

, EADSY

Airbus

$0.00

(0.00%)

16:35
05/21/19
05/21
16:35
05/21/19
16:35
Hot Stocks
Air Lease announces delivery of New Airbus A350-900 aircraft to Sichuan Airlines »

Air Lease Corporation…

AL

Air Lease

$37.91

0.68 (1.83%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 13

    Nov

TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:35
05/21/19
05/21
16:35
05/21/19
16:35
Hot Stocks
Toll Brothers sees Q3 deliveries 1.8K-2.0K units with avg price $855K-$880K »

Sees FY19 deliveries…

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  • 22

    May

FLNT

Fluent

$5.63

0.4 (7.65%)

16:33
05/21/19
05/21
16:33
05/21/19
16:33
Hot Stocks
Fluent promotes Tamara Alesi to CGO »

Fluent announced the…

03/08/13
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  • 23

    May

  • 05

    Jun

TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:33
05/21/19
05/21
16:33
05/21/19
16:33
Hot Stocks
Toll Brothers reports Q2 home building deliveries 1.9K, up 1% »

Reports Q2: Net signed…

03/08/13
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  • 22

    May

ESRT

Empire State Realty

$15.77

0.18 (1.15%)

16:33
05/21/19
05/21
16:33
05/21/19
16:33
Hot Stocks
Empire State Realty CFO David Karp steps down, Andrew Prentice named acting CFO »

Empire State Realty Trust…

03/08/13
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  • 04

    Jun

KHC

Kraft Heinz

$31.98

0.19 (0.60%)

16:33
05/21/19
05/21
16:33
05/21/19
16:33
Hot Stocks
Kraft Heinz still not in compliance with Nasdaq listing rule »

The Kraft Heinz announced…

03/08/13
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TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:31
05/21/19
05/21
16:31
05/21/19
16:31
Earnings
Toll Brothers reports Q2 EPS 87c, consensus 75c »

Reports Q2 revenue…

03/08/13
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  • 22

    May

MYL

Mylan

$19.67

0.225 (1.16%)

16:30
05/21/19
05/21
16:30
05/21/19
16:30
Hot Stocks
FDA: Mylan broadens recall of Valsartan tablets »

Mylan N.V.External Link…

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  • 31

    May

16:30
05/21/19
05/21
16:30
05/21/19
16:30
Options
Preliminary option volume of 15.0M today »

Preliminary option volume…

CDAY

Ceridian

$51.19

1.04 (2.07%)

16:29
05/21/19
05/21
16:29
05/21/19
16:29
Syndicate
Ceridian files to sell 8M shares of common stock for holders »

Goldman Sachs & Co.…

03/08/13
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IT

Gartner

$154.12

1.62 (1.06%)

16:25
05/21/19
05/21
16:25
05/21/19
16:25
Hot Stocks
Gartner VP Robin Kranich sellls over $980K in company shares »

Gartner VP Robin Kranich…

03/08/13
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