We recently wrote about weakness in the major drugs industry. On Wednesday, another healthcare-related industry — insurance, accident and health — saw downside pressure after Coventry Health Care Inc (CVH) made a surprise announcement that it was lowering its guidance 46% for the second quarter.
Trading Ideas for Thursday featured a couple of insurance companies in losers list. Let’s look at six companies that are involved in the industry that are members of Health Care SPDR (XLV).
Aetna Inc. (AET)
- Aetna expects 2008 operating earnings of $4 a share
Aetna (AET) on Thursday said it expects 2008 operating earnings of $4 a share and second-quarter operating earnings of 93 cents a share. Wall Street analysts are forecasting earnings of $3.96 a share for 2008 and 94 cents a share for the second quarter, on average
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Coventry Health Care, Inc. (CVH)
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