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Centene Corporation (CNC)
NYSE - NYSE Delayed Price. Currency in USD
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376 reactions on $CNC conversation
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Centene posting huge revenue gains year over year. Centene is a modern insurance company that cares about its customers. This is reflected in their recent profit, which declined, while their revenue increased substantially. Thats an indication on the culture at this company. Other health insurance companies will deny as many claims as they can for treatments, sometimes leading to patients deaths (for profit), there are many unethical health insurance companies... but this isn't one of them. With this "rotation", money will be flowing into value like this. If they are treating their customers well, you can probably trust that they will continue to grow quickly and become a larger player. Raj like the stock 👍🏽
CNC focuses on Healthcare for low income and disadvantaged people. Medicare, Medicaid, and open market plans.
With the new administration in place, I have a feeling there may be some money to be made with CNC
Centene is the most corrupt thing to ever happen to Medicaid. They cut benefits as soon as they get the con tracts and hassle the recipients with endless paperwork and reviews. please invest in more socially responsible companies. This is like investing in Tabacco.
I just read an article from Zacks. They have a (5) rating on CNC which is a strong sell. That's a sure buy signal for me.
thoughts on earnings?
Pa Health and Wellness is owned by Centene. My son is insured with them through Medicaid. They are the most dis picalble company I have ever dealt with. They are currently sweeping through our state and cutting the hours of homecare for many disabled individuals. The previous PA CEO Todd Fartha was sentenced to 3 years in prison for Medicaid fraud. I imagine there will be class action suits and INVESTIGATIONS. Do not get insurance from any company owned by Centene.
bought 40 shares
Chart looks good for a swing!
Most major health providers are not part of any rally, the industry is struggling. These laggards will have their day but not anytime soon. No dividend on a large cap does not help in keeping investors interested in waiting, not when there are a zillion other places to put your money. Longs really need 58 to hold, 55 then the March low of 44 are the next lower levels. Earnings are Tue morning Feb 9, they better be good if this has a chance for higher anytime soon.
I'm not crying. I am saying from a financial aspect. There will be investigations and lawsuits. That will cost them money and state contracts.
Watch for new highs soon.
great acquisition news...buying thru 70...great trigger in an expanding market for insured mental/addiction health treatments
will be at the Street's target price of 81 by June!
Just initiated a position in CNC. Strong cash flow generation and its focus on tech make this one of the most interesting stocks in the insurance space.
Oh baby! Did the shorts close their positions or what!? Keep going!
Yahoo Finance Insights
Centene is up 4.93% to 64.08
Long 1700 shares on CNC at $62.74. This is a Pure Earnings play., I bought the shares just a few hours ago, specifically to hold through earnings release tomorrow. I am expecting beats on EPS and Revenue consensus estimates, along with good Guidance, to drive this stock up in price to the $68 level. Why did I choose CNC over 70+ other stocks that I analyzed?
Here is a quick summation:
CNC: Excellent earnings history, beats on both EPS and Revenue for the past 6 quarters, and 11 of the past 12 quarters. Very good Guidance history, very good stock price reactions to earnings, historically. Currently trading at fair value, not cheap, but certainly not an expensive valuation. Recent, positive news media articles. Excellent EPS growth over the recent past. Company is very profitable. Analysts are generally bullish, giving very good upside potential on PT's. Many positive and recent analyst comments on numerous aspects of CNC, including merger with Wellcare. Very good overall financials, stable and growing business in a sector I like.
Of course this is all just my subjective opinion, and Best of Luck to everyone with whatever stocks you choose to play! :-)
After I close my ABG Long position on Monday, I will be using almost all of my available hard capital to go Long CNC. This is a Pure Earnings play, CNC reports earnings on Tuesday, PM, and I am expecting a very good earnings report, beats on EPS and Revenue, along with good Guidance, to lift this stock up in price by 4-8%.
I analyzed a whole heck of a lot of different possible plays for Mon AH/Tue PM, and CNC came to the very top, in terms of excellent odds of success and a top risk/reward scenario. Here is a short synopsis of my thinking, along with the second and third place runner-up:
#1 CNC Long: Excellent earnings history, beats on both EPS and Revenue for the past 6 quarters, and 11 of the past 12 quarters. Very good Guidance history, very good stock price reactions to earnings, historically. Currently trading at fair value, not cheap, but certainly not an expensive valuation. Recent, positive news media articles. Excellent EPS growth over the recent past. Company is very profitable. Analysts are generally bullish, giving very good upside potential on PT's. Many positive and recent analyst comments on numerous aspects of CNC, including merger with Wellcare. Very good overall financials, stable and growing business in a sector I like.
#2: RACE Long: Good earnings history. Excellent Guidance history. Very good reactions by stock to ER's. Slightly overvalued right now, but an extremely well-managed company executing on all fronts right now. The rich are getting richer and they want their Ferrari's. Very positive comments by analysts. Good upside potential on PT's. Company has absolutely excellent overall financials at this time. I am especially bullish on forward Guidance for this one. Rates very high, but for me definitely below CNC.
3: BECN Sell Short: This is a very attractive Short Sell play. Company appears very badly managed. They should be profitable, but they are not. Very poor earnings history, have missed either EPS or Revenue consensus for 7 of the last 10 quarters. Recent Guidance has been poor, they guided Down 4 out of the past 6 guidance revisions. Overall financials are below average for the sector. Analysts are mixed, with some seeing a recovery in 2020 for the company, and at least one company insider is buying shares recently. But at this time, based on my analysis, stock is still genuinely over-valued. I am expecting a poor ER, to be followed by a drop in stock price, potentially as much as 8-12%. But I'm still not gonna play this one, CNC still looks better to the upside, in terms of risk/reward analysis.
Other stocks I like a lot on this date, all to go up, include:
Any comments or opinions, positive or negative, are welcome and appreciated. :-)
Best of Luck to All! :-)
Someone is going to make a lot of money on this over sold stock
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