PowerShares To Discontinue Several ETFs Monday, October 11, 11:34 AM ET, by PowerShares announced that it intends to shut down several ETFs as of December 14, 2010. ...
WellPoint Downgrade Weighing on IHF Tuesday, October 26, 11:15 AM ET, by Market News Video Staff This morning, Citigroup downgraded shares of WellPoint (WLP) from buy to hold citing valuation. Citigroup ...
Health Services Providers Medco, Tenet Post Earnings Tuesday, November 2, 10:48 AM ET, by Market News Video Staff Prescription services provider Medco Health Solutions (MHS) posted earnings today that fell short of analyst ...
Jefferies Initiates Health Insurer Coverage Friday, November 12, 2:14 PM ET, by Market News Video Staff Jefferies (JEF) initiated coverage on UnitedHealth (UNH) and Wellpoint (WLP) today. Jefferies rated UnitedHealth a ...
Humana Updates Guidance, Cardinal Health Makes Acquisition
By Market News Video Staff, Thursday, November 18, 11:42 AM ET
Humana said today it still expects 2010 earnings of $6.40 to $6.50. The health benefits provider expects full-year 2011 earnings to decline, reflecting “near-term challenges,” to $5.35 to $5.55 per share. Both years’ estimates are below analyst expectations. Humana shares are trading lower by 2.7% on Thursday.
Also today, healthcare services company Cardinal Health (NYSE:CAH) said it is acquiring privately held pharmaceutical distributor Kinray for $1.3 billion in cash. The acquisition will expand Cardinal Health’s presence in the northeast, the company said, and will be neutral to slightly accretive to earnings in 2011. Cardinal Health shares are trading higher by 5.1% Thursday.
Both Humana and Cardinal Health are in the top five holdings of the Dynamic Healthcare Services Portfolio (PTJ).
Medco Health Solutions (MHS) is the top holding, at 5.75% of the total, followed by Humana at 5.18%. Express Scripts (NASDAQ:ESRX) is the third-largest holding at 5% of the fund, followed by Quest Diagnostics (NYSE:DGX), at 4.98%, and Cardinal Health at 4.92%.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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