Earnings report day! Before opening bell too, I believe. Looks like the poster who thought last Friday was going to see massive layoffs was off by one week. Earnings may be okay for Q4 2025, but outlook for 2026 and beyond is gonna su-k.
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Maybe we shouldn't have done that multi-billion dollar buy back a couple of years ago..
@as Absolutely agree. Molina is the canary in the coal mine for us and they got completely destroyed today after the bell. Centene will probably drop like an anchor in open water tomorrow with some rebound in the afternoon. Will be totally surprised if there isn’t a significant reduction in force soon.
I thought Friday was considered the worst day to have layoffs.
Molina reported their earnings after hours and is down 33%. Centene is down 12% in sympathy. We might have a good quarter but its all about guidance, the recent CMS proposal doesn’t help our medicare business as well. Insurance will be tough for the foreseeable future.