The Medicaid market has stocks that are on the rebound. Humana (HUM) is the hot stock to watch today. HUM stock added 10.56% last Friday and is up by over 11% in the last week.
The company reaffirmed its outlook. It also stated that it has an enrollment of 1.2 million for its four-star and above Medicare Advantage plans. This is within its expectations. The Centers for Medicare and Medicaid Services (CMS) rewards plans that have four stars or more with bonus payments.
AST SpaceMobile (ASTS) could continue its hot streak today. The firm created a bearish short squeeze after it reaffirmed its launch schedule. It said that it would have between 45 and 60 Bluebird satellites in orbit by the end of next year (2026). This would require one or two weekly launches from now through next year.
In the drug sector, AbbVie (ABBV) will likely trade at 52-week highs despite its outlook revision. The company is forecasting a negative third-quarter impact of $1.50 per share. The firm has acquired IPR&D and milestones expenses that will cost $2.7 billion. Expect ABBV stock to report an EPS of $1.74 to $1.78. For the year, the full-year EPS guidance is between $10.38-$10.58. However, this is below the consensus of around $12.00.
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