This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lagging Obamacare Sign-Up Is a Giant Pain for HMOs

NEW YORK ( TheStreet) -- The big news overflowing today is that only 106,000 Americans signed up for Obamacare during the first month of open enrollment. Only about 27,000 of those sign-ups came through the HealthCare.gov Web site. And now, some Congressional Democrats want to change the Affordable Care Act to allow folks with current plans and doctors to keep them. This is after many insurers have canceled policies to comply with the new law.

The malaise of uncertainty is disconcerting to Aetna (AET - Get Report), Humana (HUM - Get Report), WellPoint (WLP) and other health care companies and their shareholders. No one can say now whether or not implementation of Obamacare will be delayed, but if it is, it's going to cost health maintenance companies money to re-establish canceled plans for perhaps another year.

On Oct. 24, I wrote Aetna, Humana, Other HMOs Slip on Web Site Glitches and since then two of the eight stocks declined by 9.8% and 12.0%. Only one performed well with a gain 9.5%. One of the stocks was downgraded to hold from buy according to www.ValuEngine.com.

The eight stocks in today's table are overvalued by 8.1% to 122.4%. All have gains over the last 12 months between 12.8% and 92.4%. Only one is below its 200-day simple moving average, which reflects the risk of reversion to the mean for the other seven stocks.

Reading the Table

OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AET $109.54 0.99%
HUM $169.03 1.60%
AAPL $129.03 0.06%
FB $78.92 -0.09%
GOOG $542.48 0.85%

Markets

DOW 18,089.65 +65.59 0.36%
S&P 500 2,116.21 +7.92 0.38%
NASDAQ 5,027.1150 +21.7240 0.43%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs