The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants

MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING

***

Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants

“Serving Almost One Million Doctors, Financial Advisors and Medical Management Consultants Daily“

A Partner of the Institute of Medical Business Advisors , Inc.

http://www.MedicalBusinessAdvisors.com

SPONSORED BY: Marcinko & Associates, Inc.

***

http://www.MarcinkoAssociates.com

REFER A COLLEAGUE: MarcinkoAdvisors@msn.com

SPONSORSHIPS AVAILABLE: https://medicalexecutivepost.com/sponsors/

ADVERTISE ON THE ME-P: https://tinyurl.com/ytb5955z

Your Referral Count -0-

Almost 40,000 seniors will be forced to change Medicare Advantage plans after yet another insurer decides to exit markets over cost concerns. Centene Corp announced it would be ending its Medicare Advantage plans in at least six states this year as the company faces cost pressures.

CITE: https://www.r2library.com/Resource

What’s up

• Occidental Petroleum jumped 4.37% on a mixed earnings report that saw Warren Buffett’s favorite oil company beat on earnings but miss on revenue.
• Zillow rose faster than the price of a three-bedroom in Austin, rising 18.19% thanks to strong earnings and a clearer succession plan for its CEO.
• Penn Entertainment popped 8.45% on a strong earnings beat despite paying a hefty fee for ESPN Bet.
• Duolingo s’eleva 10.90% thanks to a solid earnings announcement and the promise of even better returns in the coming fiscal year.
• Klaviyo rocketed 33.28% after an impressive beat-and-raise earnings announcement.
• Hanesbrands surged 18.17% in spite of sales sagging faster than the waistband of your favorite old pair of undies. Shareholders liked that the company has become more lean and efficient after selling its Champions brand.

What’s down

• Bumble stumbled 29.16% after management forecast third-quarter revenue will come in well below Wall Street estimates.
• Monster Beverages sank 10.93% thanks to a miss on both the top and bottom lines that management blames on shifting consumer sentiment.
• Dutch Bros plummeted 19.93% due to expectations of lower same-store sales growth in the coming months.
• SolarEdge Technologies fell 3.05% despite beating revenue forecasts, but its bottom line was weaker than expected.
• JFrog tanked 27.52% after beating profit estimates, missing revenue estimates, and guiding for a much worse third quarter and fiscal year than expected.

CITE: https://tinyurl.com/2h47urt5

Here’s where the major stock market benchmarks ended:

• The SPX rose 119.81 points (2.3%) to 5,319.31; the Dow Jones Industrial Average^® ($DJI) climbed 683.04 points (1.76%) to 39,446,49; the NASDAQ Composite^® ($COMP) rose 464.21 points (2.9%) to 16,660.02.
• The 10-year Treasury note yield (TNX) rose to just under 4%.
• The Cboe Volatility Index^® (VIX) fell to 23.79. 

CITE: https://tinyurl.com/tj8smmes

Visualize: How private equity tangled banks in a web of debt, from the Financial Times.

COMMENTS APPRECIATED

PLEASE SUBSCRIBE: MarcinkoAdvisors@msn.com

Thank You

***

***

***

***

EDUCATIONAL TEXTBOOKS: https://tinyurl.com/4zdxuuwf

***

Filed under: Alerts Sign-Up, Drugs and Pharma, Ethics, Experts Invited, Financial Planning, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Information Technology, Investing, Managed Care, Marcinko Associates, Recommended Books, Sponsors, Touring with Marcinko | Tagged: Centene, DJIA, DOW, Marcinko, Medicare Advantage, Medicare C, NASA, NASDAQ, S&P 500, SPX, stock markets, textbooks, TNX, VIX, WSJ |