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Health insurance company targeted policyholders who were diagnosed with breast cancer, federal investigators say.
First, the company announced it will raise insurance premiums by as much as 39% -- giving President Barack Obama some solid ammunition in advocating for changes to the healthcare system.
Now, news has emerged that Wellpoint targets policyholders recently diagnosed with breast cancer and looks for some way to drop their accounts. Reuters broke the story Thursday, citing information from federal investigators.
How to handle McDonald's shares? Holding them for now is a safe bet.
The more optimistic you are, the less reason you have to hold McDonald's. The more you believe that the stock market might stall or correct slightly over the summer, and the more you're worried about economic growth slowing (but not stopping) in the second half, the more you'll want to hang on to your position. (For more on why you might want to hold onto this stock for the long run, see this post).
I fall, frankly, into the more pessimistic second camp. So, I'm going to keep these shares in Jubak's Picks.
Hulu's $10 subscription service could actually happen. . .and as soon as May.
By Chadwick Matlin, The Big Money
At this rate, whenever Hulu does announce a subscription plan, it’s going to be anticlimactic. Hulu’s CEO, Jason Kilar, has been dropping hints about it for months, and now we have even more detail about what it’s probably going to look like.
The Los Angeles Times is reporting that by late May Hulu is going to charge $10 bucks a month for the privilege of watching old videos. If you don’t pay the $10, you’ll still be able to watch the last five episodes of current shows, but nothing beyond that. No word on whether subscribers will still see ads.
Netflix adds 1.7 million subscribers, an 11-year record, sending shares to a new high.
By Jeanine Poggi, TheStreet
Netflix (NFLX) shares reached an all-time high on Thursday, a day after it said it added 1.7 million subscribers in its first quarter, its biggest gain in new users in its 11-year history.
The DVD-by-mail retailer had a stand-out first quarter, increasing earnings 44% to $32.3 million, or 59 cents a share, from $22.4 million, or 37 cents, a year earlier. Analysts were calling for earnings of 54 cents a share. Revenue jumped 25% to $493.7 million from $444.5 million.
Netflix ended the quarter with almost 14 million subscribers. The company predicted it would add 1.2 million to 1.5 million subscribers during the quarter.
TM stock has seen a drop recently, and that may continue after a May earnings report and the recent recall
Some investors are fleeing this stock like a rat from a sinking ship, while others want to buy Toyota while TM stock is cheap.
So what should you be doing? Well a look at the fundamentals behind Toyota shows that the smart thing to do is park this stock and walk away. Let’s look at some of the facts behind TM stock and what it means for investors:
Fund manager says the No. 2 company in an industry sometimes has more return potential than the market leader.
By Gregg Greenberg, TheStreet
Susan Kempler, manager of the TIAA-CREF Growth & Income Fund (TIIRX), says stock investors should look past industry leaders and consider companies right behind them, such as generic drugmaker Mylan (MYL) and shipping company UPS (UPS).
The $1.8 billion fund, which has earned five stars from Morningstar (MORN), has returned 6.8% annually during the past five years, better than 97% of its large-cap blend peers. The fund has climbed 8.2% this year, lagging half of its peers. Top holdings include Exxon Mobil (XOM), Apple (AAPL) and Microsoft (MSFT).
Kempler recently shared some stock picks and investment views with TheStreet.
High priced jeans offer huge margins turbo charging an already big opportunity in the stock of red hot Joe's Jeans.
Apple (AAPL) blew away earnings this week and shares road upward. High-end retail, too, has been doing well of late as proof that people are spending money again on the hot stuff -- whether technology or clothing -- they really want.
That bodes well for companies catering to that highly lucrative segment of the market. One of my favorite names with tremendous growth potential right now is Joe’s Jeans (JOEZ). The purveyor of expensive jeans is just beginning to explode.
I discovered the stock last year and recommended shares when the company was trading for only $.67 per share. Since that time the stock has appreciated in value by more than 300% to a current price of $2.76 per share. (I recently made Joe's one of my Top Stocks for 2010)
That 300% appreciation is only the beginning.
Run screaming for the fire exit if you own Netflix stock, because it's about to tumble
By Ed Elfenbein, editor of Crossing Wall Street.
Lots of folks on Wall Street want to know which stock to buy. Today, I want to look at the absolute worst one to buy. My friends, that stock is Netflix (NFLX).
Now before anyone says that I’m being mean to the company, please bear in mind that I’m not offering a judgment on the managers or the employees. There’s a big difference between a good company and a good stock. Netflix has a business record that anyone should be proud of. The stock, however, is terribly, terribly overpriced.
We're beginning to see the hits these companies are going to take, and it's brutal.
By Jim Cramer, TheStreet
You mean health care reform is bad for health care stocks? You mean that they get hurt by it? You mean people will sell them because of it?
That's what I am hearing all over the health care world this week. This is revelation time.
We got all comfortable thinking that there were nothing but winners in the health care world. Instead, we start hearing from everyone that numbers are too high because of the reforms. Abbott (ABT) said that Wednesday and we heard it definitively from Lilly (LLY) on Monday -- 35 cents worth of definitive -- and that's just plain nasty.
Apple's rapid upgrade cycle and loyal customers will help it surpass Exxon Mobil's market cap.
By Jason Schwarz, TheStreet
The key takeaway from Apple’s (AAPL) earnings report is that seasonality no longer affects the company. The company entered new territory when it sold 8.75 million iPhones in the first quarter, doubling the year-earlier quarter.
This company's hottest product is an iPhone that needs to be replaced every 18 to 24 months. Many analysts have overlooked that fact.
I realized it when Steve Jobs spent a few minutes at an iPad event explaining that Apple was now the world's No. 1 mobile device company. What does this really mean? It means that the lifecycle of its products is no longer seven years like it was for the Mac.
Trading commission OK'd 2 proposed futures exchanges, but Senate bill could derail plans
A day after the second movie-futures trading exchange received federal approval, the whole financial endeavor hit a major roadblock.
Legislation banning Wall Street trading of movie box office futures has been sent to the Senate floor, as part of the Wall Street Transparency and Accounting Act.
It could be voted on by the Senate as early as Thursday.
Calls are growing for a federal investigation of the company, particularly after its AdMob purchase.
But in the case of Google (GOOG), the latest call to action by Consumer Watchdog is one more piece of the antitrust puzzle being assembled to threaten the company.
Google is already in the sights of the Federal Trade Commission, according to The Wall Street Journal. Antitrust regulators are reportedly looking into the company's recent purchase of AdMob, a mobile phone advertising company.
Target, Macy's and Bloomingdale's store-brand credit cards will no longer be serviced by Visa.
In order to spur spending, retailers have been offering shoppers discounts off their total ticket after signing up for their store-brand credit cards. And more often than not, those cards carry the Visa (V) logo.
Well, some merchants appear to be tired of Visa skimming off the top of those sales. This week, Target (TGT) announced it will no longer issue cards with the Visa logo and instead encourage shoppers to sign up for its own plastic “REDcard.”
These oil companies are raising cash and drilling again, and their stocks are moving up.
By Jim Cramer, TheStreet
Have you noticed that the oil stocks are now higher than they were when oil hit its high? Have you noticed that the sector has far outstripped its last two runs into the $80s?
I think that's because the sector has growth in it. That's right, the oil companies, after sitting on their reserves or just letting them stagnate, are now spending again, drilling again, buying again, whether it be Apache (APA), Exxon Mobil (XOM), BP (BP) or Chevron (CVX), and we can see the bias causing the stocks to move.
BK classes up its menu with offerings like a ciabatta breakfast sandwich, but will it win over McDonald's customers?
Burger King is turning its battle with McDonald's (MCD) for early morning sales into a battle of words. In selected markets, the BK is advertising the availability of a "Burger King brunch." The move away from breakfast is apparently supposed to evoke ideas of higher quality than just a conventional meal of (perish the thought!) eggs and coffee.
The brunch menu is debuting in test markets that include Massachusetts, Florida and parts of Canada. But will it be enough to loosen Mickey D’s iron grip on breakfast sales?
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[BRIEFING.COM] The S&P 500 settled lower by 0.8% after early strength turned into afternoon weakness.
Today's headline event came in the form of Ben Bernanke's testimony before the Joint Economic Committee. During his remarks, Chairman Bernanke said premature tightening of monetary policy could stall the pace of recovery. This followed weeks of conflicting remarks from FOMC members, which sparked speculation regarding possible changes to the Fed's policy course.
However, ... More
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