Even on a day like today, somebody had to be the worst performer in the S&P 500, and today that somebody is Envision Healthcare (EVHC), which missed earnings forecasts last night.
Envision Healthcaredropped 6.3% to $65.59 today, while the S&P 500 climbed 1.4% to 2,395.96.
Barclays analyst Joshua Raskin and team write that “last night was the first bump in that road” but kept their Overweight rating on Envision,w which completed its merger with AmSurg in December. They explain why:
Over the past two decades we have seen many transformational deals in healthcare
services. A large majority of them get off to difficult starts. But then there is the bifurcation. Some transactions continue to pressure the purchaser (Davita (DVA) and Healthcare Partners for example), while others reset the expectations and then reap significant long term benefits (CVS (CVS) and Caremark for example). The weaker outlook for the newly combined Envision was not entirely a surprise in light of the magnitude of the merger. The real question becomes does the management team fully understand the magnitude of the weakness, the drivers of the weakness and are those now included in guidance for the future. We are confident that the combined entity will generate cost synergies as well as revenue opportunities that were not available to either of the legacy entities. We believe that the remaining segments, after a portfolio review that is leading to expected divestitures, will be solid growth businesses. We simply acknowledge that the path to that higher earnings base may be volatile, and last night was the first bump in that road.
Top 5 Heal Care Stocks To Invest In Right Now: Pegasystems Inc.(PEGA)
- [By Demitrios Kalogeropoulos]
As for individual stocks, Snap (NYSE:SNAP) and Pegasystems (NASDAQ:PEGA) made big moves following the companies’ quarterly earnings reports.
Image source: Getty Images.
- [By Steve Symington]
Shares ofPegasystems Inc.(NASDAQ:PEGA) jumped 31.5% in 2016,according to data from S&P Global Market Intelligence, largely thanks to a strong quarterly report from the business management software specialist late in the year.
Top 5 Heal Care Stocks To Invest In Right Now: Sterling Construction Company Inc(STRL)
- [By ]
Sterling Construction Co. Inc (STRL) : “I’m going to stick with U.S. Concrete (USCR) .”
B&G Foods (BGS) : “No, we’re going to stay away. This group is a snake pit.”
- [By ]
Cramer was bearish on BGC Partners (BGCP) , Dr Pepper Snapple (DPS) , Sterling Construction Co. Inc. (STRL) and B&G Foods (BGS) .
Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.
Top 5 Heal Care Stocks To Invest In Right Now: ARIAD Pharmaceuticals Inc.(ARIA)
- [By Lisa Levin]
Healthcare shares gained around 0.73 percent in trading on Monday. Meanwhile, top gainers in the sector included Ariad Pharmaceuticals, Inc. (NASDAQ: ARIA), and VCA Inc (NASDAQ: WOOF).
Top 5 Heal Care Stocks To Invest In Right Now: Intellipharmaceutics International Inc.(IPCI)
- [By Lisa Levin]
IntelliPharmaCeutics Intl Inc (USA) (NASDAQ: IPCI) shares dropped 45 percent to $1.38 as the company disclosed that a FDA panel voted against approving the company’s NDA for Rexista™ abuse-deterrent oxycodone hydrochloride extended release tablets.
Top 5 Heal Care Stocks To Invest In Right Now: Coca-Cola Company (The)(KO)
- [By Shanthi Rexaline]
All but two of the Dow components have been in the green in the year-to-date period. Caterpillar Inc. (NYSE: CAT) tops the list of gainers among the Dow components, with a 42.95 percent gain in the year-to-date period. Only The Coca-Cola Co (NYSE: KO), with a marginal loss, and Nike Inc (NYSE: NKE), with a double-digit percentage loss, have been decliners in the year-to-date period.
- [By WWW.THESTREET.COM]
Position: Long GLD small, bonds, SDS; short TLT small, SPY small .
- [By Casey Wilson]
Coca-Cola Co. (NYSE: KO) CEO Muhtar Kent snagged an outrageously high bonus last year, even though the beverage distributer reported less than stellar financials.
- [By Chris Lange]
Coca-Cola Co. (NYSE: KO) fourth-quarter results are expected on Friday. The consensus forecast is $0.39 in EPS on $7.4 billion in revenue. Shares were last seen at $43.13. The consensus price target is $49.87. The 52-week range is $40.22 to $48.62.