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Latest News
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Stock Pick of The Week:
UnitedHealth Group
Health care is seen as a necessary good, which is why investors switch over as a defensive maneuver. The S&P 500 Managed Health Care Sub Industry Index rose from slightly below 400 points to 475, indicating sector-wide strength as investors adopt defensive maneuvers. UnitedHealth Group Inc. (UNH) rose over 45 percent in 2011, currently trading at $51.02 (January 27 close price). Analysts at Jefferies and other major banks have reaffirmed their buy ratings on UNH.
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Feature IPO:
Guidewire Software
Guideware Software (GWRE) went public last Wednesday, making it the first tech company to file in 2012. The IPO raised a total of $115 million, offering 8,850,000 shares at $13.00 per share.
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Business in the World
Netflix Shares Spike:
On January 26, 2012, Netflix shares rose 26 percent, hitting a three-month high, and easing concerns about a dying customer base from increased costs to subscribers. In fact, the company claims to have added 610,000 customers in the United States by the end of the 2011 fourth quarter. This increase comes after many enraged customers dropped their subscriptions due to the price increases. According to the Wall Street Journal, "Netflix hasn't regained all its lost customers—the company has 24.4 million domestic subscribers, below the 24.59 million it had before jacking up prices—but the improvement was seen as a positive." Stern Agee analyst Arvind Bhatia also noticed the improvement, saying Netflix "seems to have turned a corner with respect to domestic subscriber growth."















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