U.S. markets closed just shy of record highs Monday. The S&P 500 Index closed at 1,847.61, an increase of 0.62 percent, just short of its intraday high of 1,858.71. "There's still a lot of hope right now (that) the slightly weaker (economic) numbers we've been seeing are weather- related," said Bryant Evans, a portfolio manager for Cozad Asset Management. The S&P 500 is now virtually even for the year. The health-care sector is top performer of the Index in 2014 with a gain of approximately 6.8 percent, followed by the utilities sector which was gained roughly 6.6 percent this year.
Humana Inc. (NYSE: HUM) shares traded in the range of $102.71 to $114.76 Monday before settling to close at $113.69, an increase of 10.57 percent. The stock appears to have some support at the $105.36, $103.53 and $99.71. The company announced that the proposed government cuts to the Medicare Advantage program were less than forecasted. Shares of Humana have gained approximately 10.0 percent year-to-date.
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Aetna Inc. (NYSE: AET) shares traded in the range of $70.15 to $72.43 Monday before settling to close at $71.80, an increase of 1.95 percent. The stock appears to have some support at the $71.72, $68.88 and $68.22 levels. Shares of Aetna have gained approximately 5.0 percent year-to-date.
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CIGNA Corporation (NYSE: CI) shares traded in the range of $77.02 to $79.63 Monday before settling to close at $79.19, an increase of 2.39 percent. The stock appears to be facing some resistance at the $80.43 and $81.33 levels with some support at $77.78 and $77.02. Shares of Cigna have fallen approximately 10.0 percent year-to-date.
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UnitedHealth Group Inc. (NYSE: UNH) shares traded in the range of $74.00 to $76.77 Monday before settling to close at $76.01, an increase of 2.98 percent. The stock appears to be facing some resistance at $76.51 with some support at the $75.25 and $74.67 levels. Shares of UnitedHealth Group have gained approximately 1.0 percent year-to-date.
More information on UnitedHealth Group and access to the free equity report can be found at:
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