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The Benzinga Global Small Cap Conference on May 13 featured presentations from publicly-traded companies and educational segments for investors.
Among the featured segments was one from Chris Capre on how to trade healthcare trends. Capre is the CEO and head trader of 2ndSkiesForex.
About Healthcare Trends: Healthcare is something everyone needs, which makes stocks in the sector a possible opportunity for investors. With the industry changing quickly, Capre shared his thoughts and offered some stock picks.
Capre told viewers that flow is king: It s important to look at flows for stock and at option flow, which suggests whether a stock might go up or down.
Mitchell | Genex | Coventry Enters Agreement to Acquire QualCare Alliance Networks May 13, 2021
Mitchell | Genex | Coventry, a provider of cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM) and disability management, has entered into a definitive agreement to acquire QualCare Alliance Networks Inc. (QANI), a managed care organization serving the New Jersey, Pennsylvania and New York tri-state area.
This acquisition allows Mitchell | Genex |Coventry to strengthen its position in provider network access, care management and workers’ compensation services. QANI will become part of the Coventry organization, expanding its network footprint in that region.
Headquartered in Piscataway and Egg Harbor Township, New Jersey, QANI, owned by Cigna Corp., contracts with more than 100 acute, specialty and rehabilitation hospitals, as well as 40,000 professional providers. Additionally, QANI provides clinica
Tuesday, May 11, 2021
1. Introduction
Labor market concentration and its potential effects on workers is a topic increasingly debated among antitrust practitioners and academics. The potential link between labor market concentration and lower wages has led to questions of whether and how labor issues should inform merger review and, more broadly, antitrust investigations. Covid-19 has strained some industries (such as airlines) and may result in consolidation of some employers, further raising labor market concentration concerns. This article describes some of the current research regarding labor concentration and its impact on workers, how labor concentration issues are being raised in the courts, and how economic analysis can inform antitrust inquiry moving forward.
Cigna stock gains, as profit and revenue rise above expectations
Shares of Cigna Corp. gained 0.5% in premarket trading Friday, after the health services company reported first-quarter profit and revenue that rose above expectations, as total customer relationships grew 14% and pharmacy customers increased 28%. Net income was $1.16 billion, or $3.30 a share, compared with $1.18 billion, or $3.15 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to $4.73 from $4.69, beating the FactSet consensus of $4.37. Revenue grew 6.5% to $40.97 billion, above the FactSet consensus of $40.21 billion. Customer relationships increased to 189.9 million from 167.0 million, as pharmacy customers rose to 101.0 million from 78.8 million. Cigna’s stock has rallied 23.4% year to date through Thursday, while the S&P 500 has advanced 11.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more
Provided by Dow Jones By Matt Grossman Cigna Corp. logged a larger first-quarter profit on a per-share basis year over year, despite the impact of Covid-19 care costs on its U.S. medical division. The Bloomfield, Conn.-based healthcare company Friday posted shareholders net income of $3.30 a share, compared with $3.15 a year earlier. Total shareholders net income was $1.16 billion, compared with $1.18 billion. Accounting for one-time items, Cigna s adjusted profit in the first quarter was $4.73 a share. Analysts polled by FactSet were forecasting an adjusted profit of $4.37 a share Revenue rose to $40.97 billion from $38.47 billion year over year. Analysts were expecting revenue of $40.21 billion.