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$CNC said its 2016 guidance for health benefits ratio is 87.0-87.5%, a decrease from 2015 of approx. 160 BPs at the midpoint of the guidance range. G&A expense ratio is expected to be between 9.4-9.9% in 2016. On an adjusted basis, on excluding acquisition costs, the G&A ratio is expected to increase by 75 BPs to 9.0-9.5%.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."