Diamonds and Dogs


At least one healthcare stock is up. HCA Healthcare (HCA), the largest U.S. for-profit hospital operator, is up 5% to new all-time highs following earnings. HCA reported $2.12 per share, excluding non-recurring items, 25 cents better than expectations. Revenues rose 8.7%. Operators have been plagued by low patient admissions in the past few quarters, but HCA has been buying hospitals from rivals in the face of the decline in volumes. The company, which operates 179 hospitals and 120 freestanding surgery centers, said its revenue rose to $11.56 billion from $10.64 billion.

Healthcare giants taking a hit. Unitedhealth (UNH) is down 4%, Cigna (CI) is down 6% and CVS Health (CVS) is down 4% as news the CEOs of, Berkshire Hathaway Inc. and JP Morgan Chase are considering an independent health care company "free from profit-making incentives and constraints" for their workers. Interesting idea. We'll see if it works.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.