There’s bound to be some winners in light of this failure. Repealing Obamacare was a major tenet in the Trump agenda. Ergo, Wall Street had been pricing it in since election night.
Let’s have a look at some stocks that outperformed today — in order to build a list of potential buys on these developments.
$CYH
$BPMC
$AAOI
$ACHC
$CNC
$TGTX
$EVH
Part of the problem with buying the above names is that they’ve already risen by extreme amounts since the New Year. It’s almost as if Wall Street had anticipated this failure.
Here are some laggards over the past 6 months which rose today off the healthcare news.
$DXCM (diabetes, think poor people on Obamacare)
$HURN
$KND
$THC
$ELGX
$ALDR
$FPRX
$BNFT
$MOH
$OPK
$NVCR
$AKRX
Some notable ETFs include $IYH, $BIB, $IBB, $XLV, $VHT
I can only smile about this for a second or two — because I know the true losers in this charade of D.C. politics are the American people. Obamacare is failing and will get worse. Premiums are soaring and big pharma and hospitals are milking it for every last cent.
Sure, this failed attempt to repeal and replace Obamacare is a setback for Paul Ryan and his GOPshills. Trump doesn’t exactly win, other than to make his enemy, Paul Ryan, look like a complete jackass. The stock market should like this — because it means more welfare, more money for big healthcare. Hence, their share prices should continue higher — as they feed off the government tit.
The losers in all are the aspirational class, the plebs making $150-250k per annum, living in Mcmansions, trying to raise a family. This is an easterly wind for them and I don’t think they deserve this level of incompetence by their government.
In a press conference following the failed passage of the Ryan bill, Trump placed some of the blame on democrats, saying they didn’t give a single vote. Then his killer instincts kicked in and he declared, several times, that Obamacare would ‘explode’ — taking with it government healthcare as we know it.
A visibly disappointed Paul Ryan took questions today, after failing to get a consensus for his healthcare bill — which received acrimonious opposition in the GOP’s ‘Freedom Caucus.’
Ryan said Obamacare architects might be happy now, but they won’t be after seeing how it devolves into failure.
“We were doing architects of Obama a favor. By passing this law before it gets even worse. I guess that favor is not gonna be given to them and it’s gonna get worse.”
Over a third of the counties in America have just 1 plan left. For now, Obamacare is ‘the law of the land for the foreseeable future.’
Moving on, Ryan said they want to tackle easier aspects of the agenda, such as securing the border, rebuilding the military, infrastructure and tax reform.
I suppose this can be construed as bullish for healthcare stocks and also infrastructure and tax reform plays. With healthcare in the rearview mirror, President Trump can aggressively pursue other issues more central to his agenda, such as border control, tax reform, trade and infrastructure.
This is the beginning of the end for Paul Ryan — head swamp creature inside of the GOP. This healthcare bill never stood a chance. As such, the freedom caucus was deployed by a 9d chess playing Trump to disjoint and then dismantled support for Ryan’s bill. The subsequent result has been a cancellation of the vote — because Ryan was set up and was barreling towards an embarrassing defeat.
Stocks responded mixed. Beaten down healthcare stocks rebounded — since more Obamacare means more patients for your local hospital.
$CNC, $HCA, $EVHC and $UHS are standouts. It might be worth looking at some beaten down drug stock — which were taken down under the guise of a strident opposition against their pricing prowess.
On my watchlist include $TEVA, $ALXN, $REGN, $GILD, $BIIB and $PRGO. Hell, maybe even $VRX catches a wave.
In all, the first act of ‘repeal and replace’ Obamacare has failed. Hopefully, we can circle back to this nonsense after the important stuff is accomplished — leaving in place a failing program that is withering away at the fabric of the democratic party with every passing day.
I’d hardly call this a rebellion against the Trump agenda. Healthcare is very specific and a failure here will not affect tax cuts, the wall, or infrastructure spending.
The Dow is off by 100, after opening up around 50.
On the downside are Trump plays, such as steel/iron, aluminum, copper and the trannies.
On the upside are movie theatres, semis, airlines and hospitals.
Shares of $CYH, $HCA and $THC are barreling ahead on the prospects of more Obamacare.
NOTE: The healthcare vote has been suspended at the request of the speaker.
UPDATE: Stocks are since reversed and are ripping on the Ryan fail.
Paul Ryan is universally hated amongst all human beings. No one really knows why President Trump is going along with Ryan’s absurd healthcare bill. After all, Obamacare is doing just fine for the GOPshills — watching normies get trucked over by soaring premiums and vanishing coverage acts by greedier than fuck insurance companies. Clearly, the best option for healthcare is to segment the population into pools.
For example, if you’re in great shape, have normal vitals and do not have a history of health problems, you should be put into a healthy insurance pool. On the other hand, if you’re a fatty who sits around all day eating bacon, you should be in a different pool — one that pays a lot more for insurance. In other words, health insurance should be a meritocracy. This way, people have an incentive to become healthier — eat better — lose the pounds and hit the gym.
If you knew that losing 20lbs and lowering your blood pressure would equal monthly savings, you’d make smarter choices, right?
The same risk analysis applies to any other insurance product, why not healthcare? No one wants to pay the bills of some alcoholic who drank himself into cirrhosis. That person should’ve been diagnosed and his health insurance placed into a high risk pool — leaving healthy normies unaffected by his poor choices.
If today’s healthcare bill fails to pass, it’ll be a loss for Trump, but an even greater one for Paul Ryan. It’s like throwing a hand grenade into a bus, knowing that you might injure some innocent commuters — but you’ll definitely kill the driver — who was just about to drive the fucker off a cliff (I realize tossing a hand grenade into a bus, in order to ‘save it’, might not be the best choice for law enforcement).
Let’s pray to the Gods, both the old and the new, that the grenade detonates in the lap of Paul Ryan today, effectively taking him out as House Leader — paving the way for a new leader, one without duplicitous designs of a malevolent nature.
Both DRAM and NAND trade like any other commodity. When $MU struggled most, it was due to oversupply of the DRAM and NAND memory markets — which later caused them to miss earnings.
With the merger of Elpida and Micron, the company is second to only Samsung in the DRAM market and fourth in NAND.
As you can see, the share price of Micron correlates tightly to the pricing of DRAM and NAND memory.
Reports Q2 (Feb) earnings of $0.90 per share, $0.04 better than the Capital IQ Consensus of $0.86; revenues rose 58.4% year/year to $4.65 bln vs the $4.65 bln Capital IQ Consensus.
The increase in the company’s revenues of 17 percent for the second quarter of fiscal 2017 compared to the first quarter of fiscal 2017 was due primarily to a 21 percent increase in DRAM average selling prices and an 18 percent increase in trade NAND sales volumes. The company’s overall consolidated GAAP gross margin of 36.7 percent for the second quarter of fiscal 2017 was 11.2 percentage points higher compared to the first quarter of fiscal 2017 primarily due to increases in DRAM average selling prices and manufacturing cost reductions for both NAND and DRAM.
Co issues upside guidance for Q3, sees EPS of $1.43-1.57, excluding non-recurring items, vs. $0.93 Capital IQ Consensus Estimate; sees Q3 revs of $5.2-5.6 bln vs. $4.52 bln Capital IQ Consensus Estimate.
That a massive guided up for Q3. Another major player that might benefit from this move is $WDC, especially since they recently acquired Sandisk, the number 3 players in NAND.
Shares of $GME are being harangued this morning after the company missed and warned, without really explaining why they sucked so badly. Rest assured, their share buyback program of more than $175m is still in play, so maybe the stock will find a bottom soon.
Both software and hardware sales slid, but collectible were up — thanks to strong Pokémon sales.
As stated in the company’s holiday sales release in January, the fourth quarter was significantly impacted by weak sales of certain AAA titles and aggressive console promotions by other retailers on Thanksgiving Day and Black Friday. As a result, new hardware sales declined 29.1% and new software sales declined by 19.3%.
Pre-owned sales outperformed new video games, declining 6.7% compared to the fourth quarter of 2015.
Non-GAAP digital receipts declined 7.7%, to $373.4 million and GAAP digital sales declined 5.8%, to $57.2 million. Digital sales were impacted by the decline in new video game sales. Technology Brands sales, which are not included in comparable store sales, increased 43.9% to $256.0 million, primarily driven by year-over-year store growth. Technology Brands adjusted operating earnings were $34.0 million, an 88.9% increase compared to $18.0 million in the prior-year quarter. On a GAAP basis, operating losses were $12.0 million due to store rationalization and asset impairment charges recorded during the fourth quarter.
Collectibles sales rose 27.8% to $212.4 million, driven by strong sales of Pokémon-related toys and apparel. The company added 17 Collectibles stores during the quarter, bringing the total global portfolio to 86 stores, including 24 ThinkGeek stores in the U.S.
Co issues guidance for FY18, sees EPS of $3.10-3.40 vs. $3.72 Capital IQ Consensus Estimate; sees FY18 revs of (2)-2% to ~$8.44-8.78 bln vs. $8.65 bln Capital IQ Consensus Estimate. “Going forward, GameStop will provide annual guidance, and no longer provide quarterly EPS or same store sales guidance. We believe that providing only annual guidance will reduce investor distraction as we continue to diversify the company and seek to maximize long-term shareholder value. It also benefits our organization in that it concentrates attention on longer-term targets and reduces the focus on short-term results, which can be volatile given the current business environment.”
For the full year, GameStop repurchased 3.01 million shares at an average price of $24.94, or $75.1 million of stock. As of today, there is $170.2 million remaining on the existing repurchase authorization. consolidated comparable store sales declined 16.3% (-20.8% in the U.S. and -4.6% internationally).
It’s fucking happening. On Hannity tonight, Rep. Devin Nunes said the intelligence briefings that discussed Trump and his team were spread far and wide amongst all of the intelligence agencies, something that might’ve been made possible because of Obama’s last minute rule change that permitted sharing of intelligence between all of the agencies. By doing so, it made the possibilities of leaks exponentially greater — as was the case with General Flynn.
On that point, Nunes said he is actively trying to find out who leaked the Flynn surveillance to the media — a felony punishable by up to 5 years in prison. He wants to know why Trump’s identity was ‘unmasked’ in the ‘incidental’ surveillance reports and whoever did it might be the person(s) responsible for the leaks that might send them directly to jail.
