Fly News Breaks for February 20, 2020
MOH, CNC, HUM, ANTM, UNH, CVS
Feb 20, 2020 | 13:17 EDT
Stephens analyst Scott Fidel points out that Managed Care Organization stocks had bounced after the Iowa caucus, but he notes that it "was a rough initial showing" for Michael Bloomberg in his first Democratic debate. He will be looking at the near-term price action in MCO stocks "to reveal how much of the uplift in share strength since Iowa related to market sentiment that Bloomberg's prospects were accelerating." While he contends that a second term for Donald Trump would be a "best-case scenario" for MCO stocks, Fidel also argues that a nomination of Bernie Sanders "creates Black Swan risk that would not be so starkly present" with Bloomberg. MCO stocks Anthem (ANTM), Centene (CNC), CVS Health (CVS), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH) are all lower in early afternoon trading amid a broader market selloff.
News For ANTM;CNC;CVS;HUM;MOH;UNH From the Last 2 Days