3 Stocks Pushing The Health Services Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 19 points (-0.1%) at 17,641 as of Friday, May 6, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,494 issues advancing vs. 1,386 declining with 173 unchanged.
The Health Services industry currently sits down 1.0% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include
(
), down 2.8%,
(
), down 2.1%,
(
), down 2.1%,
(
), down 1.6% and
(
), down 0.9%. A company within the industry that increased today was
(
), up 6.3%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Health Services industry lower today. As of noon trading, Centene is down $1.47 (-2.4%) to $59.21 on light volume. Thus far, 525,803 shares of Centene exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $58.95-$60.68 after having opened the day at $60.59 as compared to the previous trading day's close of $60.68.
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Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates through two segments, Managed Care and Specialty Services. Centene has a market cap of $10.4 billion and is part of the health care sector. Shares are down 7.8% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts that rate Centene a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Centene
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is down $1.49 (-1.3%) to $112.38 on average volume. Thus far, 1.0 million shares of Aetna exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $111.73-$114.26 after having opened the day at $113.50 as compared to the previous trading day's close of $113.87.
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Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. Aetna has a market cap of $39.6 billion and is part of the health care sector. Shares are up 5.3% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate Aetna a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Aetna
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
now.
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1. As of noon trading,
(
) is down $1.42 (-1.1%) to $130.89 on light volume. Thus far, 1.1 million shares of UnitedHealth Group exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $130.60-$132.28 after having opened the day at $132.09 as compared to the previous trading day's close of $132.31.
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UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. UnitedHealth Group has a market cap of $125.5 billion and is part of the health care sector. Shares are up 12.5% year-to-date as of the close of trading on Thursday. Currently there are 17 analysts that rate UnitedHealth Group a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
UnitedHealth Group
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
UnitedHealth Group Ratings Report
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the health services industry could consider
Health Care Select Sector SPDR
(
) while those bearish on the health services industry could consider
ProShares Ultra Short Health Care
(
).
