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On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market volatility, including whether to buy, sell or hold specific names. Jason Snipe of Odyssey Capital Advisors highlighted reasons why he continues to like UnitedHealth Group and why the stock is a solid pick. Blue Line Futures' Bill Baruch emphasized why nuclear is the future and how Cameco is a long-term investment. Finally, Jenny Harrington of Gilman Hill Asset Management talked about Ardagh Metal Packaging 's excellent balance sheet.
Jim Cramer recommends these 5 healthcare stocks in 2023
  + stars: | 2022-12-15 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
CNBC's Jim Cramer on Thursday presented investors with a roster of healthcare stocks that should be on their shopping lists for next year. "Wall Street likes profitable companies with consistent results, nice dividends and reasonably-valued stocks," he said, adding, "The biggest [healthcare] winners were boring, consistent operators with cheap stocks." Cramer said that healthcare stocks have stayed relatively steady this year because they tend to be recession-resistant stocks – in other words, they perform well regardless of the state of the economy. UnitedHealth GroupCramer said that he likes the "best-of-breed" managed healthcare stock. Edwards LifesciencesCramer says he likes the stock because the company's underlying business has been strong, despite the stock being down over 43% for the year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnitedHealth Group, Cameco Corp, and more: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Jason Snipe of Odyssey Capital Advisors, Bill Baruch of Blue Line Futures, and Jenny Harrington of Gilman Hill Asset Management answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.
"The legal precedent is not on the side of the FTC," said Andre Barlow, an antitrust lawyer at Doyle, Barlow & Mazard PLLC. Barlow pointed to three recent mergers challenged by the FTC or Justice Department that were ultimately allowed to proceed. Those cases share something else in common with the proposed Microsoft deal: in each instance, a company would merge with a supplier in a so-called "vertical" merger. "Vertical merger challenges are really difficult to win so it will be an uphill battle for the FTC," said Roger Alford, who teaches law at the University of Notre Dame. Reuters reported last month that Microsoft was expected to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to the deal.
Around 5.5 mln people have signed up for 2023 Obamacare plans
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +1 min
People who want to choose a healthcare plan for 2023 under the Affordable Care Act, also known as Obamacare, can enroll between Nov. 1 and Jan. 15. However, if they want to be covered as of Jan. 1 they generally need to choose a plan by Dec. 15. Around 1.2 million of the people who have signed up for the plans are new consumers, HHS said. In late November HHS said that nearly 3.4 million people had signed up for health plans. Companies that provide these plans include UnitedHealth Group Inc (UNH.N), CVS Health (CVS.N), Centene Corp (CNC.N), and Elevance (ELV.N).
Bright Health Group grew fast. "We're just starting to realize the full potential of our differentiated model, and we're excited about the future of Bright Health Group," Bright CEO G. Mike Mikan told analysts at that investor event. Bright Health is one of a handful of upstarts trying to take on the health-insurance industry. Clover Health; Bright Health; Oscar Health; Olivia Reaney/Business InsiderBreaking into the health-insurance industry is tough. Bright moves to cut expensesAs losses mounted in 2021, Bright scrambled to raise capital.
UnitedHealth Group is known for providing conservative financial outlooks and then beating those projections. From a financial standpoint, the pandemic years have been good for managed care companies. Hospitals faced unprecedented labor shortages in recent years as nurses and doctors quit their jobs, forcing many patients to defer costly care, a boon to insurers. One data point says it all: the medical loss ratio at UnitedHealth Group , the largest managed care company, has beaten the Wall Street analyst consensus in 10 of the last 11 fiscal quarters, according to data from FactSet .
UnitedHealth expects 2023 profit below estimates
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +1 min
Nov 28 (Reuters) - UnitedHealth Group Inc (UNH.N) on Monday forecast full-year 2023 profit below Wall Street estimates, sending shares down about 1% in extended trading. UnitedHealth, an industry bellwether, had said in October the direct impact of COVID-19 - which has led to fluctuations in health insurers' medical costs - is expected to ease next year, while recovery in non-urgent procedures could slow due to inflation and labor shortages. The company sees adjusted 2023 profit between $24.40 and $24.90 per share, compared with analysts expectations of $24.94, according to Refinitiv data. However, UnitedHealth expects 2023 revenue to be between $357 billion and $360 billion, above average analysts' estimate of $352.38 billion. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
S&P 500 inches higher as Black Friday sales kick off
  + stars: | 2022-11-25 | by ( Ankika Biswas | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Retailers in focus as Black Friday sales startActivision down on likely FTC lawsuit to block Microsoft dealApple slips, Foxconn China plant sees lower shipmentsIndexes: Dow up 0.5%, S&P inches 0.1% higher, Nasdaq off 0.3%Nov 25 (Reuters) - The benchmark S&P 500 edged higher on Friday, with focus on retailers as Black Friday sales kicked off against the backdrop of stubbornly high inflation and cooling economic growth. The S&P 500 retail index (.SPXRT) slipped 0.1% on Friday, bringing its year-to-date losses to a little over 30%, while the S&P 500 is down 15% so far this year. "We're going have a higher-than-expected Black Friday sales number. The S&P 500 (.SPX) rose 3.41 points, or 0.08%, at 4,030.67, while the Nasdaq Composite (.IXIC) slipped 36.70 points, or 0.33%, at 11,248.61. The S&P index recorded 16 new 52-week highs and no new low, while the Nasdaq recorded 39 new highs and 42 new lows.
The deal would give it a stake in VillageMD, an annual dividend, and a push toward value-based care. VillageMD said this week that it plans to merge with fellow primary-care provider Summit Health-CityMD in an $8.9 billion deal funded in part by the healthcare giant Cigna. VillageMD CEO Tim Barry Courtesy VillageMD3 reasons why Cigna's investing $2.7 billion in VillageMDEvanko said the investment provides financial and strategic benefits for Cigna. That stake would provide the healthcare company, which reported profits of $5.4 billion in 2021, with an annual dividend of about 5.5% on $2 billion of the $2.7 billion investment, Evanko said, according to a transcript from Sentieo. Evernorth could take what it learns from partnering with VillageMD and extend those capabilities to other healthcare providers it works with, he said.
Cigna is putting $2.7 billion behind primary-care company VillageMD's merger with Summit Health-CityMD. The deal would give it a stake in VillageMD, an annual dividend, and a push toward value-based care. VillageMD said this week that it plans to merge with fellow primary-care provider Summit Health-CityMD in an $8.9 billion deal funded in part by the healthcare giant Cigna. VillageMD CEO Tim Barry Courtesy VillageMD3 reasons why Cigna's investing $2.7 billion in VillageMDEvanko said the investment provides financial and strategic benefits for Cigna. Evernorth could take what it learns from partnering with VillageMD and extend those capabilities to other healthcare providers it works with, he said.
Remote jobs fell to 14% of all active listings on LinkedIn in September, down from a peak of 20% in February, according to a new report from the platform. To help people find the best remote opportunities, FlexJobs, a membership service for jobseekers, identified the 15 companies with the most remote job openings, including full-time and part-time opportunities, this fall. In spite of fewer remote job openings, Jennifer Shapely, LinkedIn's vice president of global talent acquisition, expects flexibility to remain a top priority for workers. Frana also stresses the importance of networking, which can also help you stand out in a tight job market. As in the traditional job market, "referrals tend to get much more traction than a cold application" for remote jobs, Frana adds.
Humana profit beats on slow elective-care rebound
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +2 min
Nov 2 (Reuters) - Humana Inc (HUM.N) beat third-quarter profit estimates on Wednesday, as a sluggish recovery in elective procedures helped the health insurer keep medical costs in check. Humana's guidance to enroll 325,000 to 400,000 Medicare Advantage members next year marks a return to industry rate, one year ahead of schedule, Stephens analyst Scott Fidel said in a note. In September, Humana raised it forecast, citing no COVID-19 "headwind materializing" and lower-than-expected medical cost trends in the company's Medicare Advantage and Medicaid businesses. A lower ratio is better for a health insurer as it indicates a tight rein on costs. Humana said its adjusted profit for the third quarter was $6.88 per share, above estimates of $6.28, according to Refinitiv data.
Of the three major stock market indices, investors currently favor the Dow Jones Industrial Average – particularly in the wake of last week's dismal quarterly reports by mega cap tech firms and the subsequent sell off. So, given this backdrop, how can investors harness an outperforming Dow when constructing their portfolio? The simplest approach would be to look at the companies that comprise the index and pick those with further room to run. Here's a rundown of how we measure our portfolio against the Dow across health-care, finance and semiconductor stocks. Photo taken on March 1, 2022 shows monitors displaying stock market information at the New York Stock Exchange in New York, the United States.
Semiconductor and growth stocks have tanked this year, bonds are underwater and even the S & P 500 is in a bear market. Many investors hold on to loss-making positions taking on "emotional pain" in the process, according to the portfolio manager. "The best investors in the world probably are right 60-70% of the time," Arcese told CNBC, speaking from Singapore. Stock picks The fund manager named three stocks that will "will work, kind of, in any type of economic environment" — UnitedHealth Group , Air Products , and Freeport McMoRan . Air Products, an industrial chemicals company, is an inflation hedge and an "incredibly defensive company," according to Arcese.
Elevance raises annual profit forecast after quarterly beat
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
Oct 19 (Reuters) - Health insurer Elevance Health Inc (ELV.N) on Wednesday raised its annual profit forecast after beating estimates for quarterly earnings on lower-than-expected medical costs and strong performance of its Medicaid business. Last week, larger rival UnitedHealth Group Inc (UNH.N) raised its annual profit forecast for the third straight quarter and said the direct impact of COVID-19 was expected to ease next year. The lower the ratio, the better it is for a health insurer as it indicates a tight rein on costs. Elevance, which was previously known as Anthem, now expects annual adjusted earnings to be higher than $28.95 per share, compared with its prior forecast of more than $28.70 per share. Excluding items, the company reported earnings of $7.53 per share, above analysts' estimates of $7.15, according to IBES estimates from Refinitiv.
Cyber and information security has been at the top of their agenda since 2020. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Gartner forecasts that worldwide information security and risk-management spending by end-users will reach $188.336 billion in 2023, up 11.3% from the current year. It’s what boards are talking about,” said Truist Financial Corp. Chief Information Security Officer Howard Whyte. He and Truist CIO Scott Case work closely to understand the Charlotte, N.C.-based bank’s changing attack surface and cybersecurity risk.
Less-Crowded Covid Wards Can Keep Boosting Insurers
  + stars: | 2022-10-15 | by ( David Wainer | ) www.wsj.com   time to read: 1 min
While a distressingly high number of Americans are still being hospitalized daily for Covid-19, the number has dropped off significantly in recent months. That has helped drive a 28% increase in profits for the nation’s largest health insurer in the third quarter, and there are other factors boosting growth too. From a financial standpoint, fewer hospitalizations have benefited margins for UnitedHealth Group . The healthcare and insurance giant raised its profit outlook for the year Friday after posting a 12% increase in third-quarter revenue and handily beating analysts’ consensus estimates. Its shares rose moderately Friday during a very weak session for stocks overall.
UnitedHealth Boosts Earnings Forecast on Rising Revenue
  + stars: | 2022-10-14 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
UnitedHealth Group Inc. again raised its profit outlook for the year after posting a 12% increase in third-quarter revenue on a growing number of members in its health-insurance network. The healthcare and insurance giant on Friday said quarterly revenue came in at $80.9 billion, with growth of 11% from its UnitedHealthcare business, which served an additional 850,000 people in the third quarter compared with last year, and 17% at Optum Health, its health-service arm.
JPMorgan Chase (JPM) – JPMorgan Chase shares added 2.3% in the premarket after beating top and bottom line estimates for the third quarter. The bank's results were boosted by higher net interest income, helping offset lower deal-making revenue and higher loan loss reserves. UnitedHealth Group (UNH) – The health insurer rose 1.6% in the premarket after beating top and bottom line estimates for the third quarter and raising its outlook. Nutanix (NTNX) – The cloud computing company's shares surged 15.9% in the premarket after the Wall Street Journal reported that Nutanix is exploring a possible sale. Beyond Meat (BYND) – Beyond Meat slumped 8.7% in the premarket after reducing its revenue outlook and announcing another round of job cuts, pointing to reduced demand for its plant-based meat products and increasing competition.
The lenders are set to report their earnings later in the day. "The size of these provisions will be the clearest indication of the scope of the consumer crisis that's expected in the coming quarter." ET, Dow e-minis were down 49 points, or 0.16%, S&P 500 e-minis were down 7.25 points, or 0.2%, and Nasdaq 100 e-minis were down 39.5 points, or 0.36%. Apart from banks' earnings, U.S. retail sales data at 8:30 am ET is also on investors' radar to get clues on demand as the Federal Reserve aggressively raises rates to fight inflation. However, by close, Wall Street dramatically rebounded from the selloff, advancing over 2% helped by technical support and investors covering short bets.
Citigroup — Citigroup rose more than 1% after its third-quarter revenue climbed more than analysts expected, helped by rising interest rates. However, its earnings fell 25% from the year-earlier period as it bulked up its credit loss provisions and investment banking slumped. Wells Fargo — The bank stock was up 3% after Wells Fargo reported quarterly earnings and revenue that topped analysts' expectations. US Bancorp - Shares of US Bancorp rose 3.7% after the bank's third-quarter earnings came in above Wall Street analyst expectations. First Republic Bank — The bank stock dropped more than 14% after First Republic posted its third-quarter results.
Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. For Club members who are seeking income, we think a stock like Devon represents a better option than, say, AbbVie. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Walmart Healthcare Research Institute, the largest U.S. retailer's new healthcare research service, will find participants for clinical trials, and Walmart also host MyHealthJourney, a patient portal that helps people find upcoming research trials and track their care. Walmart's expansion into clinical trial recruitment could bring it new streams of revenue from drug companies. Walmart is currently working with Laina Enterprises, a virtual clinical trial management platform, the retailer said in a press release. Rival Walgreens said in June it had launched clinical trial services to increase diversity in test subjects. Walmart opened Walmart Health locations in Dallas, Georgia in 2019 and now has 24 locations including in Arkansas, Florida and Illinois.
Wednesday: PepsiCoQ3 2022 earnings release at 6 a.m. Thursday: Delta Airlines, Walgreens Boots Alliance, Domino's Pizza, BlackRockDelta Air LinesQ3 2022 earnings release at 6:30 a.m. BlackRockQ3 2022 earnings release at 6:15 a.m. Friday: JPMorgan Chase, Wells Fargo, Morgan Stanley, UnitedHealth GroupJPMorgan ChaseQ3 2022 earnings release at 7 a.m. UnitedHealth GroupQ3 2022 earnings release at 5:55 a.m.
Total: 25