Make way for some waves. CVS Health (CVS) and Express Scripts (ESRX) have released their formulary exclusion list for 2017, which details which prescription drugs will not be covered by health plans.
Why do we care? Commercial payors have been showing signs of pushing back against high drugs costs, which is a huge concern for drug companies and their investors. The coverage list determines whether millions of privately insured individuals can easily use an insurance co-payment to buy their prescriptions. If a drug is excluded, it can dramatically hobble sales.
Thus, the formulary exclusion lists can be used as a tool by insurers and PBMs leverage you might say to negotiate with drug makers for better prices. Its also a double edged sword that can cost a PBM customers.
Express Scripts says it will save customers $1.8 billion in 2017 by excluding a list of 85 drugs from its formulary in 2017. It added a handful of new names to the list, including Bristol-Myers Squibb‘s (BMY) arthritis medication Orencia, Eli Lilly‘s (LLY) new psoriasis medication and Valeants (VRX) Zyclara, an actinic keratosis skin cream, while also removing several names, including Pfizer‘s (PFE) arthritis drugs Xeljanz (it is now a preferred alternative follow price negotiations with Express Scripts).
Top 10 Low Price Stocks To Own For 2018: NCI, Inc.(NCIT)
Advisors’ Opinion:
- [By Elizabeth Balboa]
Information technology company NCI Inc (NASDAQ: NCIT) reported its $283 million sale to H.I.G. Capital Management for $20 per share in cash.
9. Allied World Assurance
The insurance firms of Allied World Assurance Company Hldgs Ltd (NYSE: AWH) and Fairfax Financial extended the offering period for purchase of outstanding Allied World shares from June 30 to July 5.
Top 10 Low Price Stocks To Own For 2018: Square, Inc.(SQ)
Advisors’ Opinion:
- [By Spencer Israel]
You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud and Stitcher.
Marvell Technology Group Ltd. (NASDAQ: MRVL): $19.75 has been the low since the deal was rumored so that’s support. Below that ,there’s a gap down to $18.55.
Alibaba Group Holding Ltd (NYSE: BABA) has a pair of highs near $188. The premarket high was $188.07 and there are similar highs from Nov. 8 and 13, so that whole handle will be resistance.
Square Inc (NYSE: SQ): It’s at all-time high levels right now. There’s support at Friday’s close at $44.18.
Twitter Inc (NYSE: TWTR): The Dorsey sympathy move is on. The Nov. 1 high of $20.99 and post-earnings high of $21.96 are two resistance levels.
General Electric Company (NYSE: GE): Has a double top from the last two sessions at $18.47 and $18.48.
Watch the full show below!
- [By Travis Hoium]
2016 was a rocky year for Square Inc(NYSE:SQ), to say the least. At times, the market couldn’t tell whether the company was making a turn toward profitability or falling down a rabbit hole of losses it may never emerge from.
- [By Leo Sun]
Dorsey subsequently co-founded online payments company Square (NYSE:SQ) in 2009, and he was promoted from passive member to executive chairman of Twitter’s board in 2010, after Dick Costolo replaced Evan Williams.
Top 10 Low Price Stocks To Own For 2018: Powell Industries Inc.(POWL)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Powell Industries, Inc. (NASDAQ: POWL) were down 14 percent to $40.06. Powell Industries reported Q4 adjusted earnings of $0.54 per share on sales of $129.8 million.
Top 10 Low Price Stocks To Own For 2018: 2U, Inc.(TWOU)
Advisors’ Opinion:
- [By David Kretzmann]
Since its IPO in March 2014, 2U (NASDAQ:TWOU) stock is up over 160% as the company forges partnerships with famous schools, including Georgetown, Yale, Berkeley, and New York University.
Top 10 Low Price Stocks To Own For 2018: Wayfair Inc.(W)
Advisors’ Opinion:
- [By Peter Graham]
The Q4 2016 earnings report formid cap online home furnishings and d茅cor stockWayfair Inc (NYSE: W) is scheduled for before the market opens onThursday (February 23rd) as shares still have elevated short interest of 34.99% according to Highshortinterest.com. Last time around, shares dropped as much as 13%after the Company reported third quarter revenues and net losses that largely met expectations while projecting aslight decrease in revenue growth for the coming quarter.
- [By Lisa Levin]
Wayfair Inc (NYSE: W) shares were also up, gaining 25 percent to $63.71 after first-quarter earnings boasted a 2.7-percent sales beat and 46-percent year-over-year increase in active customers.
- [By Peter Graham]
Mid cap online home furnishings and d茅cor stockWayfair Inc (NYSE: W) reported Q1 earnings before the market opened with the Company being thetenth most shorted stock on the NYSE with short interest of 39.22% according to Highshortinterest.com. In the summer of 2008,the shorts and shareholder rights law firms went after Wayfair Inc after short seller Citron Research issued a report (entitled: Wayfair is the Most Mispriced Stock Citron Research has Seen in Years: Fair Value Under $10) calling the company Overstock.com, Inc (NASDAQ: OSTK):
Top 10 Low Price Stocks To Own For 2018: NanoString Technologies, Inc.(NSTG)
Advisors’ Opinion:
- [By Lisa Levin]
NanoString Technologies Inc (NASDAQ: NSTG) was down, falling around 21 percent to $18.06 after the company issued weak revenue forecast for FY2016.
Top 10 Low Price Stocks To Own For 2018: Treehouse Foods, Inc.(THS)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Treehouse Foods (THS) , TG Therapeutics (TGTX) , Kinder Morgan (KMI) , Magellan Midstream Partners (MMP) , Chesapeake Energy (CHK) and Arconic (ARNC) .
Top 10 Low Price Stocks To Own For 2018: Abengoa Yield plc(ABY)
Advisors’ Opinion:
- [By Jared Kimball]
But what does this apparent shift within the top levels of the nation’s executive milieu mean for the country’s growing renewable energy sector, and what do the new administration’s promises to redirect its efforts toward fossil fuels mean for investors in renewables? Let’s take a look at London-based Atlantica Yield PLC (NASDAQ:ABY)—formerly Abengoa Yield PLC (NASDAQ:ABY)—and how its fortunes have fared during this period of legislative uncertainty and the resulting speculation on the part of investors in the sector.
- [By Jim Robertson]
I’ve included a daily chart below of both DRN, the primary ETF tracking real estate REITS, and Atlantica Yield plc (ABY), a utility Company that owns a portfolio of contracted renewable energy, power generation, electric transmission, and water assets in North America, South America, and EMEA.
- [By Lisa Levin] Companies Reporting Before The Bell
Tyson Foods, Inc. (NYSE: TSN) is expected to report quarterly earnings at $1.38 per share on revenue of $9.86 billion.
Aecom (NYSE: ACM) is projected to report quarterly earnings at $0.71 per share on revenue of $4.67 billion.
JD.Com Inc(ADR) (NASDAQ: JD) is estimated to report quarterly earnings at $0.11 per share on revenue of $12.60 billion.
58.com Inc (ADR) (NYSE: WUBA) is projected to report quarterly earnings at $0.28 per share on revenue of $383.60 million.
Kamada Ltd (NASDAQ: KMDA) is expected to report quarterly earnings at $0.02 per share on revenue of $25.00 million.
Palatin Technologies, Inc. (NYSE: PTN) is projected to report quarterly earnings at $0.06 per share on revenue of $28.00 million.
TheStreet, Inc. (NASDAQ: TST) is estimated to report a quarterly loss at $0.02 per share on revenue of $15.81 million.
Atlantica Yield PLC (NASDAQ: ABY) is projected to report quarterly earnings at $0.45 per share on revenue of $290.80 million.
Asure Software Inc (NASDAQ: ASUR) is estimated to report quarterly earnings at $0.15 per share on revenue of $15.26 million.
Cyren Ltd (NASDAQ: CYRN) is expected to report quarterly loss at $0.06 per share on revenue of $7.90 million.
Viewray Inc (NASDAQ: VRAY) is estimated to report quarterly loss at $0.12 per share on revenue of $18.58 million.
Top 10 Low Price Stocks To Own For 2018: Hibbett Sports Inc.(HIBB)
Advisors’ Opinion:
- [By Mark Balson]
Hibbett Sports (HIBB) financial results have come out with better than expected earnings for the fiscal 2017 first quarter.
Revenue for the first quarter was $282.09 million which is 4.6% higher to year on year data. This is below expectations for analysts who were projected revenue to be at $285.15 million. Compare to 0.9% decline in net sales last year this year store sales increased 1.1%.
- [By Lisa Levin]
In trading on Friday, cyclical consumer goods & services shares fell 0.03 percent. Meanwhile, top losers in the sector included Francesca's Holdings Corp (NASDAQ: FRAN), down 5 percent, and Hibbett Sports, Inc. (NASDAQ: HIBB) down 5 percent.
- [By Paul Ausick]
Hibbett Sports Inc. (NASDAQ: HIBB) posted a new 52-week low of $13.30 on Monday, down about 33% from Friday’s closing price of $19.70. Volume totaled around 6.7 million shares, about 13 times the daily average of around 550,000. The company issued a profit warning this morning and a late e-commerce launch.
- [By Lisa Levin]
Shares of Hibbett Sports, Inc. (NASDAQ: HIBB) were down 12 percent to $39.75 after the company reported weaker-than-expected earnings for its third quarter.
Top 10 Low Price Stocks To Own For 2018: MBIA, Inc.(MBI)
Advisors’ Opinion:
- [By Dan Caplinger]
But some stocks managed to buck the trend and give investors more upbeat outlooks for their prospects. SandRidge Energy (NYSE: SD), MBIA (NYSE:MBI), and LivePerson (NASDAQ:LPSN) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
