Humana calms Wall Street’s jitters with quarterly results, clearing way for stock to run higher

[ad_1] Humana (HUM) reported second-quarter results Wednesday that were much better than feared, sending its stock price soaring and giving us the confidence to stick with the jilted health insurer. Revenue for the three months ended June 30 rose 13% year-over-year, to $26.75 billion, exceeding analysts’ estimates of $26.23 billion, according to Refinitiv. Adjusted earnings-per-share…

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Investing Club meeting recap: Booking profits remains the prudent thing to do as Wall Street’s rally powers on

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Book profits on big winners Emerson catches an upgrade Humana shares stabilize 1. Book profits on big winners Wall Street climbed Thursday, led by an over 350-point, or roughly…

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Health insurance stocks slide after UnitedHealth warns more surgeries will drive up medical costs

[ad_1] Health insurer stocks dropped Wednesday after UnitedHealth Group warned of higher medical costs as older Americans start to catch up on surgeries they delayed during the Covid-19 pandemic.  Shares of UnitedHealth, the largest U.S. health-care provider by market value, closed around 6% lower. Medicare-focused insurer Humana declined 11%.  Elevance Health closed roughly 7% lower,…

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