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"The story is on track, and I think you buy the stock," Jim Cramer said during Wednesday's Morning Meeting . Since its 2023 lows on July 13, Humana stock rallied more than 23% compared with a roughly 7% slide in the S & P 500 over the same stretch. Management's initial commentary on 2024 earnings and Medicare Advantage membership growth — discussed in more detail below — may also have left investors wanting. Humana also expects EPS growth in 2024 to fall on the lower end of its historical long-range 11%-to-15% target. Capital allocation Humana still expects to buy back about $1.5 billion worth of stock in 2023, finance chief Diamond said on the earnings call.
Persons: , Jim Cramer, they've, UnitedHealth, Humana, Susan Diamond, Diamond, Bruce Broussard, Jim Rechtin, Broussard, Jim Cramer's, Jim Organizations: Medicare, Revenue, Humana, UnitedHealth, CNBC, Inc
Insurer Humana's longtime CEO Broussard to step down next year
  + stars: | 2023-10-11 | by ( ) www.reuters.com   time to read: +1 min
Oct 11 (Reuters) - Humana (HUM.N) CEO Bruce Broussard will step down in the second half of 2024 after more than a decade at the helm, the insurer said on Wednesday and named healthcare veteran Jim Rechtin as his successor. Shares of the company, which grew seven-fold in value under 61-year-old Broussard, fell 2.8% to $486.4 in premarket trading. He led Humana to become the second-largest provider of Medicare Advantage in the U.S. by tripling its membership for the government-backed program to more than 5 million customers. His successor, Rechtin, will join Humana from Envision Healthcare, a U.S. provider of physicians where he is CEO and president. Broussard also helped the insurer expand beyond Medicare Advantage plans for older adults with the launch of healthcare services under the CenterWell brand in 2021.
Persons: Bruce Broussard, Jim Rechtin, Broussard, Rechtin, Kurt Hilzinger, Humana, Khushi, Arun Koyyur Organizations: Humana, Healthcare, Thomson Locations: U.S, Bengaluru
Humana CEO Bruce Broussard will step down next year after more than a decade leading the health-insurance giant. Humana has tapped Jim Rechtin, head of Envision Healthcare, to be its next CEO. Weaving together insurance benefits with care delivery is meant to make healthcare easier for people to navigate and improve patients' health, Broussard said. One example is Humana's recent push into behavioral healthcare, Broussard said. That startup will eventually become part of Humana, Broussard said.
Persons: Bruce Broussard, Jim Rechtin, Broussard, , Rechtin, " Broussard, Rafael Henrique, Humana Organizations: Healthcare, Humana, Indiana's DePauw University, Harvard, Getty, Aetna, Oak Street Health, Iora, One, General Atlantic Locations: The Louisville , Kentucky, DaVita, Group's California, Kentucky, UnitedHealth
Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia
Plug Power — The battery stock added nearly 6% after the company projected a sharp rise in revenue by 2027 to roughly $6 billion, according to a regulatory filing. DaVita , Novo Nordisk — Shares of the dialysis services provider sank 15% on the news of Ozempic's effectiveness in Novo Nordisk's kidney disease treatment study. Exxon Mobil, Pioneer Natural Resources – Shares of Exxon Mobil were lower by more than 1% premarket after the company agreed to buy Pioneer for nearly $60 billion, or $253 per share, in an all-stock merger. Meanwhile, Pioneer shares rose 2.5%. CSX — Shares added nearly 2% after an upgrade to overweight from JPMorgan.
Persons: Michael Feniger, Raymond James, Humana, Bruce Broussard, Sherwin, Williams, Heidi G, Petz, David Risinger, Macheel, Pia Singh, Michelle Fox Organizations: Mobil, Bank of America, Novo Nordisk —, Novo Nordisk, Exxon Mobil, Natural, Exxon, CSX, JPMorgan, Leerink Partners Locations: Los Angeles , California, Novo
Novo Nordisk — The Danish drugmaker stock added 5.5% after saying late Tuesday it was halting Ozempic's kidney disease treatment trial after a committee said an analysis showed signs of success. DaVita , Fresenius Medical Care , Baxter International — Shares of dialysis services providers DaVita and Fresenius Medical Care sank 18.4% and 19.6%, respectively, on Novo Nordisk's news. Exxon Mobil , Pioneer Natural Resources — Exxon Mobil shares fell more than 4% after the largest U.S. oil and gas producer agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. Amgen — The biopharma stock added 3.5% following an upgrade from Leerink to outperform. On Wednesday, B. Riley upgraded shares to buy from neutral, saying Coherent's silicon carbide business could be worth more than the Street's current estimate.
Persons: Eli Lilly, Bruce Broussard, Jim Rechtin, Amgen, David Risinger, Goldman Sachs, Jeffrey Brown, Tim Wentworth, Riley, Raymond James, — CNBC's Michael Bloom, Hakyung Kim, Yun Li, Lisa Han Organizations: Novo Nordisk, Novo Nordisk —, Baxter, Fresenius, Novo Nordisk's, Baxter International, Exxon Mobil, Natural Resources, Exxon, Exxon's, Mobil, Healthcare, Goldman, Walgreens, Alliance Locations: Danish, Novo
Many opponents of renewable energy, she added, “are worried about the impacts to their very way of life.”Roadside opposition to renewable energy projects near Baldwin City, Kan. “We see offshore wind as a critical technology,” said Dan Burgess, the director of the Maine Governor’s Energy Office. Across the country, clean energy projects of all types are tied up in lengthy permitting processes. By then, India had not completed any offshore wind projects. Since 2000, the United States has barely built any major transmission lines that connect different regions of the country.
Persons: Scott Dickerson, , Biden, Alison Bates, , Columbia University’s, Dan Burgess, Habib Dagher, Janet Mills, Gregory Wetstone, Mack, James Gillway, SunZia, ” Hunter Armistead, Broussard, There’s, Vaughan Woodruff, Tucker Carlson, Teslas, ” Ali Zaidi, Dagher, Rolf Olsen, who’s Organizations: University of Maine, Sears, Officials, Federal, International Energy Agency, Colby College, White, Columbia, Climate, The University of, Maine Governor’s Energy, Environmental, University of Maine’s, Composites Center, Gov, American Clean Power Association, American Council, Renewable Energy, Environmental Protection Agency, Army Corps of Engineers, . Clean, Union United, China India European Union United States, China European Union United, China India United States European, China United States European Union, China United States European Union India, Energy, The New York Times, United, Pattern Energy, New York State Energy Research, Development Authority, Toyota Prius Locations: Penobscot Bay, Maine, , Maine, United States, Europe, China, Australia, India, Los Angeles, Ohio, Jersey Shore, Waterville , Maine, Baldwin City, Kan, Massachusetts, Ukraine, Gulf, Searsport , Maine, Searsport, Bangor, Mack, West, Union United States, U.S, China United States European Union India, Great, New Mexico, Arizona, California, Riesel , Texas, Energy, San Bernardino County, In Kansas, Atlantic City, N.J, New York, Manhattan, Sears
Humana (HUM) reported second-quarter results Wednesday that were much better than feared, sending its stock price soaring and giving us the confidence to stick with the jilted health insurer. Not only did second-quarter numbers top expectations, but management offered assuring commentary on the worrisome medical-cost trends that torpedoed its stock price in mid-June . That one-two punch explains the more-than-5% jump in Humana shares, pushing the stock to its highest levels since June 14. Outlook Humana raised its outlook for 2023 individual Medicare Advantage membership growth by 50,000 to roughly 825,000 members, representing an 18% increase compared with enrollment levels at the end of 2022. Capital allocation Humana CFO Susan Diamond said the company has capitalized on the "recent dislocation" in its stock price — i.e.
Persons: MLR —, Wall, Bruce Broussard, , Broussard, Susan Diamond, Humana, Jim Cramer's, Jim Cramer, Jim, Ty Wright Organizations: Revenue, Humana, Club, UnitedHealth, Management, Insurance, CNBC, Bloomberg, Getty Locations: Louisville , Kentucky
Ms. Broussard chose her bakery’s location in hopes of encouraging other chefs and entrepreneurs to join her. “I want to force people who don’t look like me to come to the South Side if they want my pies,” she said. “There’s a huge pride in the community to see this gleaming pie shop,” she said. “This is a pie shop that looks like it could be in Brooklyn, or on Magazine Street in New Orleans, but it’s here.”Several of the shop’s counters are 32 inches high, meeting the height standards of the American Disabilities Act and making them accessible for wheelchair users. Each section of the shop has a different floor tile texture, which helps patrons with limited sight who use a walking cane navigate the store.
Persons: Broussard, , , Zella Palmer Organizations: Dillard University, American Locations: New Orleans, Chicago, Avalon, Brooklyn
The Boot Camp for N.B.A. Hot Takes and Analysis
  + stars: | 2023-06-21 | by ( Sopan Deb | ) www.nytimes.com   time to read: +1 min
He even stomped his feet a few times. Smith said he has been inspired by the many players who have started podcasts and especially by LeBron James and Stephen Curry, who have used their fame to create production companies. “It influences me a lot because I feel like we have a real voice and I feel like we have power that comes with it, being that we’re more than just ‘shut up and dribble’ players,” Smith said. Parker said no, and that he and Broussard discuss topics before their show. They use the ones they disagree on.
Persons: Smith, LeBron James, Stephen Curry, ” Smith, , Rob Parker, ” Parker, Chris Broussard, ” Williams, Parker, Broussard Organizations: Fox Sports Locations: Las Vegas
It's not unusual for a company's stock price to soar — or sink — on news of a CEO shakeup. So, CEOs matter when picking stocks — and at the Club, these are the five things we look for when evaluating the leaders of our holdings. A stock's day-to-day and even month-to-month performance may not truly reflect how well a CEO is leading a company. Trust has value, and the stocks of companies led by reputable CEOs with competent management teams can trade at premium valuations. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Mary Dillon, Locker, J im Cramer, buybacks, Rainer Blair, , Kevin Johnson, Marc Benioff, Mark Zuckerberg, Zuckerberg, we've, Bruce Broussard, Humana, Jeff Smith's, Craig Jelinek, who's, that's, Jelinek, it'd, Andy Jassy, Tim Cook, he's, Cook, Jim Cramer's, Dan Schulman, Sanjiv Lamba, Linde, Lamba, Eli Lilly, Dave Ricks, Eli Lilly's, Jim, Lilly, Jim Farley, Farley, Elon Musk's Tesla, Ford, LLY, Jim Cramer, Spencer Platt Organizations: Club, McKinsey & Co, Natural Resources, GE Life Sciences, SVB Securities, Starbucks, Humana, Bain & Co, Costco, CNBC, Apple, Amazon's, Football, MGM, Management, PayPal, Linde, LIN, Ford Motor, Wall, EV, Ford, The New York Stock Exchange, Financial, Getty Locations: U.S, Manhattan, New York City
OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology, and the Law Subcommittee hearing titled 'Oversight of A.I. But at Tuesday's hearing on AI oversight including OpenAI CEO Sam Altman, lawmakers seemed notably more welcoming toward the ChatGPT maker. watch nowAt Tuesday's Senate hearing, lawmakers made comparisons to the social media era, noting their surprise that industry executives showed up asking for regulation. Experts cautioned that the kinds of regulation Altman suggested, like an agency to oversee AI, could actually stall regulation and entrench incumbents. Diversity of voicesA key message AI experts have for lawmakers and government officials is to include a wider array of voices, both in personal background and field of experience.
"Ant-Man and The Wasp: Quantumania" premiered in theaters on February 17. How to watch 'Ant-Man and the Wasp: Quantumania'"Ant-Man and The Wasp: Quantumania" is now available to watch exclusively in theaters. When will 'Ant-Man and the Wasp: Quantumania' be available on Disney Plus? "Ant-Man and The Wasp: Quantumania" is expected to start streaming on Disney Plus later this year. With this range in mind, "Ant-Man and The Wasp: Quantumania" should hit Disney Plus in April or May.
Companies Humana Inc FollowFeb 1 (Reuters) - Humana Inc (HUM.N) on Wednesday beat Wall Street estimates for quarterly profit as the health insurer's investment income jumped, even as the company reported higher-than-expected medical costs. Health insurers' costs were expected to decline on lower COVID-19-related hospitalizations, though there were concerns around a surge in flu and respiratory syncytial virus cases in the last quarter of 2022. The health insurer said it expects to add at least 625,000 members to its Medicare Advantage plan this year. Excluding one-off items, the health insurer reported a profit of $1.62 per share, higher than analysts' average estimate of $1.46 per share, according to Refinitiv data. The company's $160 million investment income was higher than Wall Street estimates of $136.7 million, Oppenheimer analyst Michael Wiederhorn said.
Humana is set to soar in 2023 after delivering strong Q4
  + stars: | 2023-02-01 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
Health insurer Humana (HUM) on Wednesday reported a stellar fourth quarter and provided a robust full-year outlook, setting the Club holding up for significant growth in 2023. Outlook Management guided for full year 2023 adjusted earnings-per-share to be at least $28, in line with analysts' forecasts. The 2023 benefits expense ratio range of 86.3% to 87.3% is slightly above the 86.3% ratio predicted by analysts, at the midpoint. But given the company already expects to be above the industry growth rate in 2023, Humana is ahead of expectations — bolstering the Club's confidence in the achievability its long-term outlook. But Humana's management only said they're still "reviewing the final rule and considering its impact."
Sanders has a 27-5 coaching record at Jackson State, including going 12-0 this year and winning two consecutive Southwestern Athletic Conference titles. Sanders will owe Jackson State around $300,000 in a buyout for the 2020 contract, according to USA Today. This is not a Deion Sanders thing,” Parker told NBC News. “I do think he cared about the well-being of Jackson State football players. I think the buzz around the program will change, especially if they don’t hire a coach that has a similar stature as Deion Sanders.”
Typographical errors aired during a Right-Side Broadcasting Network (RSBN) election broadcast on Nov 8 showing incorrect data pertaining to the Pennsylvania governor’s race is not proof of voter fraud. The incorrect data that was aired was a result of manually inputting election numbers, the network said in a statement. The incorrect figures can be seen aired in the live broadcast embedded in the RBSN website (viewable at 50:12s) (here). Subsequently, (viewable at 3:21:38s) a graphic aired with Shapiro gathering 54.6% (2,642,425 votes) to Mastriano’s 43.6% (2,114,207 votes) at 82% reporting (here). Incorrect figures aired during the election night broadcast by RSBN are not proof of voter fraud in the Pennsylvania governor’s race.
Google asked federal regulators to OK a plan for easing spam filters on political emails. Even a commissioner who wasn't thrilled with the notion of unleashing more political emails on an overloaded electorate concluded Google's program proposal is legal. "If people want political spam, let them sign up for it. Before the final vote Thursday, Weintraub motioned to approve a alternate ruling that would have effectively prevented Google from launching its pilot program. Gmail users will retain the right to opt-out of receiving political emails, but this will require more vigilance on their part.
Nabilah Islam wants the Federal Election Commission to let federal candidates use donor money for expanded salaries and health insurance. "The current system makes it prohibitive for working Americans to run for office," Islam told Insider. "Every American should have a living wage and health insurance when they run for office," Islam told Insider. In general, federal law prohibits federal candidates from using campaign cash on personal expenditures — so forget that donor-funded Rolex or dream trip to Maui. For example, it ruled in 2018 that federal candidates may use campaign funds to pay for certain child care expenses.
Trump's campaign and an affiliated committee regularly spent millions of dollars through American Made Media Consultants, according to FEC records. Insider was able to independently verify those details with other sources close to the Trump campaign. A request for comment from the Trump campaign was not immediately returned Friday evening. But in a previous statement to Insider, Trump campaign communications director Tim Murtaugh said Lara Trump and John Pence did nothing wrong. Among those cases is one filed in July by the nonpartisan Campaign Legal Center, which accused the Trump campaign of using American Made Media Consultants to illegally disguise campaign spending.
The nonpartisan Campaign Legal Center accused s uper PAC Our American Century spent illegally large sums of money to redistribute Trump campaign political advertisements. uper PAC Our American Century spent illegally large sums of money to redistribute Trump campaign political advertisements. The Campaign Legal Center accused Our American Century of spending up to $251,000 to redistribute an existing Trump campaign video while failing to reveal the super PAC — not the Trump campaign — bankrolled the ad blitz. A representative for the Trump campaign, which is not accused in the complaint of wrongdoing, also could not be reached. Scenes from the Federal Election Commission headquarters located at 1050 First St. NE Friday Sept. 21, 2018.
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