![]() ![]() That's after Amazon Web Services reportedly considering using AMD's new artificial intelligence chips. But we'll obviously see what happens.Īnd shares of Advanced Micro Devices edging higher. But I just thought that was an interesting contrast in this note as well that one would benefit more than the other. ![]() Affirm, a little more narrow in its scope, right? SoFi offers a bigger suite of services. I mean, this note is interesting overall because it's an initiation not just of Affirm, but of the financial technology industry as a whole.Īnd they like SoFi and say it's best positioned to succeed in this environment because they see them as more diversified rate. So we'll see kind of what that balance looks like. JULIE HYMAN: I think that there's also the concern about expense growth though, as a result of that, right? If you have- and Affirm the management of Affirm has been very careful to say that they do not lend irresponsibly. Wouldn't consumers go and really maybe extend their purchases to buy now pay later? This is an interesting one for me because you could also argue on the other end that as discretionary spending really gets tightened, you don't have as much money to use. Let's talk about Affirm's share sliding after BTIG-initiated coverage on the stock with a bearish tone noting the company's business model is under pressure as in their words, "We enter a new stage in the macro environment, where discretionary spending is tightening quickly. JULIE HYMAN: These are the guys getting the money.ĪKIKO FUJITA: You see the correlation there. Stryker, Boston Scientific, Medtronic, Intuitive Surgical, all of them climbing on the perception if there are more surgeries and the health insurers are paying more. We actually saw shares of those types of companies go higher on the day. They said the higher the number, the worse number, right? So they said that it might be at the higher end of those estimates.īy the way, what's been bad news today for the health insurers has been good news for who they're paying that money to- medical device makers, hospital chains. How much of the premiums do we that we take in do we pay out to cover what people- the operations and such that people are having.Īnd for UnitedHealth, it's 82.1% to 83.1%. The other number that people have to keep in mind when you're talking about the insurers is something called the medical loss ratio. I mean, some of this is about surgeries that were delayed during the pandemic. And you talk about Humana down well over 10%, as well as other Medicare or at least we should say health care providers as well. $42 billion wiped out from the market cap.ĪKIKO FUJITA: Given what we saw there today. So not only did it fall, not only did Humana fall, but, like, anything touched by health insurance and in particular Medicare and Medicaid falling in today's session as a result of this commentary.ĪKIKO FUJITA: Here's a number to keep in mind. UnitedHealth warning of rising costs as a result of an increase in surgeries among older adults. ![]()
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