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☆ HCA Healthcare patient data stolen and for sale by hackers
▼ + stars: | 2023-07-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

In this April 14, 2020 file photo, Sam Hazen, CEO of HCA Healthcare, speaks about the coronavirus in the Rose Garden of the White House, in Washington. Personal information for potentially tens of millions of HCA Healthcare patients has been stolen and is now available for sale on a data breach forum as of earlier this week. The data sale was flagged on Twitter by Brett Callow, an analyst at New Zealand-based Emsisoft. Patient data breaches are not uncommon, but they can vary in scope and impact. HCA's breach did not apparently include critical medical records, and the company said the breached data originated at an "external storage location exclusively used to automate the formatting of email messages."

Persons: Sam Hazen, DataBreaches.net, Brett Callow, Callow Organizations: HCA Healthcare, White, HCA, New, CNBC Locations: Rose, Washington, United States, Florida and Texas, New Zealand

☆ US stocks end mixed after Fed signals more rate hikes to come
▼ + stars: | 2023-06-14 | by ( Noel Randewich | Sruthi Shankar | ) www.reuters.com time to read: +3 min

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. Traders now see a 63% chance the central bank will raise interest rates in July, up from 60% earlier on Wednesday, according to the CME Fedwatch tool. According to preliminary data, the S&P 500 gained 3.83 points, or 0.09%, to end at 4,372.84 points, while the Nasdaq Composite gained 53.16 points, or 0.39%, to 13,626.48. The S&P 500 health sector index and the S&P 500 managed healthcare index both fell. The S&P 500 is up about 14% so far in 2023, while the Nasdaq has climbed about 30%.

Persons: Brendan McDermid, ”, Sam Stovall Organizations: Reuters, Federal Reserve, New York Stock Exchange, REUTERS, Market, CFRA Research, Traders, Nvidia, Broadcom, Nasdaq, Dow Jones, Dow, UnitedHealth, Universal Health Services, HCA Healthcare Locations: New York City, U.S

☆ Health insurance stocks slide after UnitedHealth warns more surgeries will drive up medical costs
▼ + stars: | 2023-06-14 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Health insurer stocks dropped on Wednesday after UnitedHealth Group warned of higher medical costs as older Americans start to catch up on surgeries they delayed during the Covid pandemic. Shares of UnitedHealth, the largest U.S. healthcare provider by market value, closed around 6% lower. Elevance Health closed roughly 7% lower, and CVS Health , which owns the insurer Aetna, slid nearly 8%. The company has recorded "strong outpatient care activity" throughout April, May and the early part of June, CFO John Rex said at a Goldman Sachs healthcare conference. Shares of medical device manufacturers Medtronic and Stryker jumped 2.5% and 4%, respectively, after UnitedHealth's remarks.

Persons: UnitedHealth, John Rex, Goldman Sachs, Medicare enrollees, Rex, Timothy Noel, Stryker, UnitedHealth's Organizations: UnitedHealth, Medicare, Humana, Elevance Health, CVS Health, Aetna, Insurance, Goldman, Healthcare, Tenet Healthcare

REUTERS/Mike Blake/File Photo/File PhotoJune 14 (Reuters) - Health insurer stocks dropped sharply on Wednesday after UnitedHealth Group (UNH.N) said costs were on the rise for the largest U.S. healthcare provider by market value due to an increase in surgeries among older adults. Shares of industry bellwether UnitedHealth fell 7.3% to $455.11, wiping out roughly $42 billion from the company's market capitalization in the current trading session. Meanwhile, stocks of medical device makers and hospital operators rose, as increased frequency of surgeries mean more revenue for them. The company highlighted strong demand for hip and knee procedures at outpatient centers, as well as for home health services and behavioral services. Elevance Health (ELV.N), CVS Health Corp (CVS.N), Centene Corp (CNC.N) and Cigna Group (CI.N) fell between 6% and 7.5%.

Persons: Mike Blake, bellwether, UnitedHealth, Jefferies, Brian Tanquilut, Zimmer Biomet, Leroy Leo, Bhanvi, Manas Mishra, Shinjini Organizations: REUTERS, UnitedHealth, Medicare, Humana Inc, Reuters Graphics, Elevance, CVS Health Corp, Centene Corp, Cigna, Elevance Health Inc, CVS, Healthcare, Tenet Healthcare, Stryker, Thomson Locations: Santa Ana , California, U.S, Bengaluru

☆ The top large-cap fund manager from the past 12 months shares the simple change he made that completely turned around his performance — and 13 stocks he loves now
▼ + stars: | 2023-05-12 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

That realization led portfolio manager David Miller to launch the Catalyst Insider Buying Fund (INSIX) nearly 12 years ago. While many funds factor in insider transactions when selecting stocks, few use it as their main prerequisite when screening investments. But in the last 12 months, it's the best-performing large-cap fund on the market through April 30, according to Kiplinger. All of these companies have benefitted from insider buying to some extent, but some have been lifted even more by company buybacks. "They've just been gobbling up their own stock," Miller said of O'Reilly Automotive.

The survey also showed that 36% of the nurses plan to continue working in the sector but may change workplaces. "This really underscores the continued mental health and well-being challenges the nursing workforce experiences post pandemic," AMN Healthcare CEO Cary Grace told Reuters in an interview. The survey showed there are various changes needed, with 69% of nurses seeking increased salaries and 63% of them seeking a safer working environment to reduce their stress. This comes at a time hospital operator and sector bellwether HCA Healthcare Inc (HCA.N) indicated a recovery in staffing situation. The staffing crisis drove up costs at hospital operators, while boosted profits at medical staffing providers such as AMN Healthcare.

The benchmark S&P 500 has been generally stable over early stages of a first-quarter earnings season that investors expect to show tepid results. For the week, the S&P 500 slipped 0.1%, the Dow dipped 0.2% and the Nasdaq lost 0.4%. Amazon shares rose 3% on Friday after a research firm predicted the online retailer's business in North America would beat Wall Street's estimates. The materials group (.SPLRCM) fell 0.9%, most among S&P 500 sectors, weighed down by declines in Freeport-McMoRan Inc (FCX.N) and Albemarle Corp (ALB.N). So far, analysts have largely retained last week's expectations of a near-5% year-on-year fall in quarterly profits at S&P 500 companies, according to Refinitiv data.

☆ Futures flat on mixed earnings, Fed policy uncertainty
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Futures off: Dow 0.02%, S&P 0.02%, Nasdaq 0.01%April 21 (Reuters) - U.S. stock index futures were little changed on Friday as investors digested a mixed bag of earnings reports, while awaiting more data for clues on the outlook for interest rates and the economy. Investors will focus on S&P Global's flash purchasing managers' indexes (PMI) at 9:45 a.m. Meanwhile, a slate of Fed speakers this week supported the view of another 25 basis point rate hike by the U.S. central bank when it meets next week. ET, Dow e-minis were down 8 points, or 0.02%, S&P 500 e-minis were down 0.75 points, or 0.02%, and Nasdaq 100 e-minis were down 1.5 points, or 0.01%. Reporting by Sruthi Shankar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

CSX reported earnings of 48 cents per share for the latest quarter, compared to a Refinitiv estimate of 43 cents per share. Pool - Shares of the pool company popped more than 3% after Stephens upgraded the stock to overweight from equal weight. Procter & Gamble – The stock rallied nearly 4% after Procter & Gamble posted earnings and revenue for its fiscal third quarter that beat analysts' expectations. The healthcare services company posted earnings per share of $4.85 and $15.59 billion in revenue. The company reported that its quarter-end deposits fell 2.5% but remained stable in March.

"Investors are okay with earnings so far because the lack of bad news is good news," said Adam Sarhan, chief executive of 50 Park Investments. "The market is waiting to see if we can get some bullish earnings over the next few weeks from some of the big cap tech stocks." A slate of Fed speakers this week voiced support for another 25-basis-point rate hike by the U.S. central bank when it meets next week. Declining issues outnumbered advancers by a 1.42-to-1 ratio on the NYSE and a 1.30-to-1 ratio on the Nasdaq. The S&P index recorded 18 new 52-week highs and three new lows, while the Nasdaq recorded 27 new highs and 78 new lows.

☆ Morning Bid: April boomlet mocks recession script
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanThe signal is still lost in an awful lot of noise. With next week's Big Tech earnings reports hoving into view, the overall U.S. corporate healthcheck remains pretty mixed. Perhaps unsurprisingly, the overall global stock market direction remains equivocal. Although Asia bourses had initially followed Wall St's Thursday swoon, European indexes and S&P500 futures were little changed on Friday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Stock futures are flat Thursday night as Wall Street processes earnings results: Live updates
▼ + stars: | 2023-04-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. U.S. stock futures were little changed on Thursday night. S&P 500 futures were unchanged, while Nasdaq 100 futures rose 0.07%. The S&P 500 dropped 0.6%, and the tech-heavy Nasdaq Composite lost 0.8%. Earnings season continues Friday, with Procter & Gamble, Regions Financial, SLB, Freeport-McMoRan and HCA Healthcare set to report earnings before the bell.

☆ The most overbought S&P 500 stocks include one fast food giant
▼ + stars: | 2023-04-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 rose about 0.8% this week, notching its fourth weekly advance in five weeks. However, the S & P 500's steady run of late made several stocks overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Too oversold CNBC Pro also searched for oversold S & P 500 stocks that could be due for a bounce. Qorvo shares have lagged the S & P 500 this year, advancing just 3.2%.

☆ These 12 stocks are holding up despite the banking crisis and are expected to keep doing well
▼ + stars: | 2023-03-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

While the banking crisis has sent the broader market for a loop, some stocks are holding up well — and are expected to see more gains. The Swiss bank stock rose 3% on Thursday. Despite the recent sharp swings in the market, there are some stocks are holding up. CNBC Pro screened the S & P 500 for stocks that up 1% or more this month and at least 1% this year. The telecommunications stock is rated buy by roughly 74% of analysts, and has risen 1.6% this month, and 3.2% in 2023.

☆ Cleveland Clinic to open its third London facility as Brits flock to private health care
▼ + stars: | 2023-02-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —US group Cleveland Clinic will open its third London facility this autumn as demand for private health care booms in the United Kingdom — sparked in large part by long wait times to access treatment on the National Health Service (NHS). “We are excited to be expanding our London footprint with a third location, in the heart of the City of London,” said Tommaso Falcone, interim CEO of Cleveland Clinic London. Cleveland Clinic is one of several major private health care providers expanding rapidly in the United Kingdom to keep up with demand from a much broader swathe of the population than ever before. Also building new UK facilities this year are HCA Healthcare — another American group — and private hospital group Spire Healthcare. NHS wait timesThe demand is being fueled by long wait times to access care on the NHS.

☆ David Tepper's Appaloosa buys stakes in Disney, Caesar's Entertainment
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Billionaire hedge fund manager David Tepper built stakes in two large entertainment companies in the fourth quarter, according to securities filings . Tepper's Appaloosa Management bought 300,000 shares of Disney and 425,000 shares of Caesar's Entertainment during the fourth quarter. Those stakes were worth roughly $26.1 million and $17.7 million, respectively, at the end of December. Elsewhere in the portfolio, Tepper added to his stake in hospital chain HCA Healthcare while trimming his position in Facebook-parent Meta Platforms . It is unclear whether Tepper bought Disney shares before or after Bob Iger returned as CEO in November.

☆ Florida GOP Sen. Rick Scott on his relationship with Mitch McConnell after a failed challenge to lead Senate Republicans: 'Well, he just kicked me off a committee. So that was pretty petty.'
▼ + stars: | 2023-02-11 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Sen. Rick Scott said it was "petty" of Sen. Mitch McConnell to take him off the Commerce Committee. McConnell in a separate Fox News interview denied retaliation and said he had "no animus toward Rick Scott at all." And I gave it to two other senators, no particular reprisal in mind, no animus toward Rick Scott at all," he added. "That was the Scott plan. That was the Rick Scott plan.

☆ Tenet Healthcare's fourth-quarter beat puts 2023 concerns at bay
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

Feb 9 (Reuters) - Tenet Healthcare Corp (THC.N) on Thursday beat Wall Street estimates for fourth-quarter results as growth in its outpatient service business put concerns around the hospital operator's weak 2023 forecast at bay. HCA Healthcare also recently forecast lower-than-expected 2023 profit, but bet on improved staffing trends and lower labor costs to drive growth for the year. "As expected, the 2023 forecast came in below consensus estimates, but we believe investors had already priced that in," SVB Securities analyst Whit Mayo said. Tenet is betting on growth in its ambulatory care unit, which deals with patients who are not bedridden and don't require overnight hospitalization. On an adjusted basis, Tenet reported a net income of $1.96 per share for the quarter ended Dec. 31, beating estimates of $1.23 per share.

☆ Another way to play the early 2023 market comeback: Volatile stocks that trade at a discount
▼ + stars: | 2023-02-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

For investors seeking ways to play this year's stock market comeback, looking at cheap, volatile names might lead to big gains. These stocks are all members of the iShares Russell Value ETF (IWD), and have a 3-year beta greater than 1.5. Alaska Air Group was identified as a high beta value stock, according to the screen. The carrier has a 3-year beta of 1.7, and 87% of analysts covering it rate it a buy. The semiconductor company has a 3-year beta of 2.1, and is recommended by 82% of analysts covering it.

☆ Britain’s NHS was once idolized. Now its worst-ever crisis is fueling a boom in private health care
▼ + stars: | 2023-02-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

Private hospital groups flourishTo keep up with growing demand for their services, private health care providers are expanding at a rapid clip. CEO Justin Ash estimates that the market for private health care in the United Kingdom has doubled since before the pandemic to 15 million people. Ash said that appetite for private health care spans a much broader set of ages and incomes than in the past. “We’ve clearly moved into a world in which we’re all NHS patients but have episodes of private care,” he said. There is no universal health care in America and most people have private health insurance because health care is very expensive.

☆ Morning Bid: Chipped
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +5 min

A surge of 'soft landing' hopes for the U.S. economy on Thursday got sideswiped overnight after a dire industry readout from chipmaking giant Intel decimated its stock price after the bell. "We expect some of the largest inventory corrections literally that we've ever seen in the industry," he told Reuters later. Annual 'core' PCE inflation is expected to have slowed to 4.4% last month, the lowest in more than a year, from 4.7% in November. U.S. bonds of Adani firms also fell after Hindenburg Research flagged concerns in a Jan. 24 report about debt levels and the use of tax havens. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ China's Covid wave drives up consumer interest in insurance after health system shortfalls
▼ + stars: | 2023-01-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

For people planning to spend more on that health category, 47% said in December they intend to spend more on health insurance. "This experience is also driving increased interest in commercial health insurance which could cover access to premium private providers," Lipson said. Anecdotes depict a public health system overwhelmed with people at the height of the wave, and long wait times for ambulances. Some of the players in China's health insurance industry include Ping An , PICC and AIA . Hospital fundingHowever, one of the barriers to improving China's public health system is its fragmented financing system, according to Qingyue Meng, executive director at Peking University's China Center for Health Development Studies.

“Mission Hospital used to be where everyone would go if they wanted good care,” Jaquins said, reflecting on her previous experiences with the health care system. Sue Fischer is a longtime HCA employee who’s concerned about patient care in her facility. “We were a great system as Mission Health and we’re an even better system as HCA Mission Health,” she said. “Delays in care is the biggest patient care issue I see because of staffing,” Hernandez said. According to the CMS ranking system, Mission Hospital currently holds an above-average overall quality rating — four stars out of a possible five.

☆ Hospitals rely on volunteers for $5 billion a year of free work — and some could be violating federal labor laws
▼ + stars: | 2023-01-10 | by ( Lauren Sausser | Kaiser Health News | ) www.businessinsider.com time to read: +9 min

The US health system benefits from potentially over $5 billion in free volunteer labor annually. Like paid employees, hospital volunteers typically face mandatory vaccine requirements, background checks, and patient privacy training. Hedges was furloughed for the better part of six months when hospital volunteers were sent home in March 2020. Nonprofit and for-profit hospitals alike benefit from volunteersNonprofit hospitals must follow federal labor laws, too. Nonprofit hospitals are required to provide a benefit to their communities, such as offering charity care, in exchange for their special tax status.

☆ Citi strategist expects weakness in early 2023 is a buying opportunity. Here are his large-cap stock picks
▼ + stars: | 2023-01-05 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

With recession risks in focus for investors positioning for 2023, Citi strategist Scott Chronert refreshed his large-cap stock picks for the year ahead. According to a Tuesday note, the strategist projects the broader market index will hit 3,700 mid-year, while rising to 4,000 at year-end. For investors, that means any volatility in the first part of 2023 could be used to their advantage. Chronert added T-Mobile to the bank's large cap focus list, saying the telecommunications stock is a defensive pick. Meanwhile, HCA Healthcare is a defensive pick expected to benefit from "improving labor supply" this year, according to the note.

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