Health insurers could be active today. President Donald Trump will end Obamacare subsidies. The White House said in a statement that the Department of Health and Human Services has determined there is no appropriation for cost-sharing reduction payments to insurers under the Obamacare law. Some states say they will sue over this change. Bank of America (BAC) turned in a mixed quarterly report. It beat on earnings with 48 cents a share versus 45 cents a share expected. Revenue missed slightly, with $21.8 billion compared to estimated $21.9 billion. The Weinstein Company is reportedly on the financial brink. Variety reports that bankruptcy or a sale of the company is possible as its founder has been accused by several women of sexual harassment.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
