Tenet Healthcare Shares JUMP on Supreme Court Ruling and 4 Hot Stocks to Watch
Tenet Healthcare (NYSE:THC): Thursday’s decision by the U.S. Supreme Court to uphold the main points of U.S. President Barack Obama’s signature healthcare legislation caused shares of hospital chains to rise. Hospital company Community Health Systems Inc. climbed 8 percent, and Tenet Healthcare saw a nearly 5 percent rise.
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HCA Holdings (NYSE:HCA), the biggest private-sector hospital operator in America, saw its shares climb in recent trading. HCA facilities supply around 4-5 percent of all U.S. inpatient care.
UnitedHealth Group (NYSE:UNH): No matter the decision regarding the Affordable Care Act, some of the largest insurers in the U.S. reported they will expand popular parts of the law indefinitely. Among these are coverage for dependents to 26 yars of age, no limit on lifetime payouts per policyholder, and a ban on rescission, or retroactive cancellation of coverage. UnitedHealth announced expansion of coverage first, earlier in June, and Aetna and Humana followed suit.
Orexigen Therapeutics (NASDAQ:OREX): Shares of Orexigen Therapeutics and fellow diet-drug developer Vivus Inc. improved Wednesday afternoon thanks to reports that Arena Pharmaceuticals has gotten U.S. regulatory approval for its diet pill lorcaserin (a.k.a. Belviq).
Microsoft Corporation (NASDAQ:MSFT) reported today that Microsoft Office 365, the company’s next-generation cloud productivity utility for organizations of any size, is now obtainable in four new Asian markets: Indonesia, Sri Lanka, Thailand and Taiwan. The service unites Microsoft Office, Microsoft SharePoint Online, Microsoft Exchange Online and Microsoft Lync Online in a constantly updated cloud.
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