UnitedHealth Unit Tasked with Healthcare.gov, Boeing’s Big Deal, and 3 More Hot Stocks
UnitedHealth Group (NYSE:UNH): The Obama administration said on Friday that it has named a unit of UnitedHealth Group — Quality Software Services – to make repairs to Healthcare.gov, and gave the end of November as a specific date for the fix to be made by. The Centers for Medicare and Medicaid Services noted that Quality Software has ”done a good job already,” and it will be the general contractor on the project moving ahead.
Boeing Co. (NYSE:BA): The Financial Times is reporting that Emirates Airlines may soon announce a $30 billion with Boeing, encompassing between 100 and 175 of Boeing’s new 777 jets. While the list price hangs around $400 million per plane, the deal could be valued as high as $40 billion; however, because the airline would be a launch customer for Boeing’s next-generation 777, it would likely receive a “substantial discount.”
Dendreon Corp. (NASDAQ:DNDN): Dendreon enjoyed an early trading flare (more than 20 percent at one point) as a weekend rumor that the company may be bought out is fueling shares. Analyst sentiments are mixed: Maxim moves Dendreon from Hold to Buy with a $10 price target as Wedbush sticks with a $0 price target and held at Underperform, as the firm doesn’t believe a buyer will materialize. However, the sale rumor “is both plausible and sensible [and] would remove a very real scenario of equity holders being wiped out in a debt restructuring,” according to Credit Suisse.
Procter & Gamble Co. (NYSE:PG): The addition of more premium brands to Procter & Gamble’s extensive lineup may prove to be beneficial for the home goods company down the road as it explores the notion of higher-end items like detergents, soaps, and paper towels in a ladder-type fashion, with a basic entry brand priced lower. As Bloomberg points out, buyers of the cheapest products are more likely to trade up to the mid-tier once they see a third, even more expensive offering.
Tessera Technologies Inc. (NASDAQ:TSRA): Tessera has settled its lawsuit with Sony (NYSE:SNE) after the company accused the electronics giant of a breach of contract. Although the terms of the settlement were confidential, Tessera intends to provide further detail once a definitive settlement agreement is reached; Tessera also claims that Sony had failed to pay it licensing royalties.
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