Speculators Make Big Bets Following Romney's Debate Victory
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Last night's presidential debate gave Mitt Romney's bid for the White House some much-needed new life. Romney was fresh, upbeat, presidential and had great command of the material. Meanwhile, President Obama was disorganized, distracted and unmotivated. By all accounts, Romney won the first debate.
Romney's debate performance was so strong that speculators are shifting bets across the board. Before the first debate, Intrade.com showed that Obama had a 74 percent chance of winning the election. This has now fallen to 69 percent. A number of stocks and sectors are also reacting to Romney's performance. Here is a run-down:
Managed Care: Managed care stocks are higher as Romney said he will abolish ObamaCare and let states decided individually on health care. WellPoint Inc. (NYSE: WLP) up 3.5 percent, UnitedHealth Group Incorporated (NYSE: UNH) up 2 percent, Aetna Inc. (NYSE: AET) up 1.7 percent, Cigna Corp. (NYSE: CI) up 0.8 percent.
Hospitals: Hospital stocks are lower on fear abolishing ObamaCare will raise costs for hospitals. Tenet Healthcare Corp. (NYSE: THC) is down 1.9 percent, HCA Holdings, Inc. (NYSE: HCA) is down 1.6 percent, Community Health Systems, Inc. (NYSE: CYH) is down 1.9 percent.
Coal: Coal is higher after Romney said, "I like coal." Arch Coal Inc. (NYSE: ACI) is up 7.8 percent, Peabody Energy Corp. (NYSE: BTU) is up 4.7 percent, Alpha Natural Resources, Inc. (NYSE: ANR) is up 6.5 percent, Walter Energy, Inc. (WLT) is up 5 percent. The entire coal group is up 2.6 percent, as represented by ETF Market Vectors Coal ETF (NYSE: KOL).
Romney's debate performance was so strong that speculators are shifting bets across the board. Before the first debate, Intrade.com showed that Obama had a 74 percent chance of winning the election. This has now fallen to 69 percent. A number of stocks and sectors are also reacting to Romney's performance. Here is a run-down:
Managed Care: Managed care stocks are higher as Romney said he will abolish ObamaCare and let states decided individually on health care. WellPoint Inc. (NYSE: WLP) up 3.5 percent, UnitedHealth Group Incorporated (NYSE: UNH) up 2 percent, Aetna Inc. (NYSE: AET) up 1.7 percent, Cigna Corp. (NYSE: CI) up 0.8 percent.
Hospitals: Hospital stocks are lower on fear abolishing ObamaCare will raise costs for hospitals. Tenet Healthcare Corp. (NYSE: THC) is down 1.9 percent, HCA Holdings, Inc. (NYSE: HCA) is down 1.6 percent, Community Health Systems, Inc. (NYSE: CYH) is down 1.9 percent.
Coal: Coal is higher after Romney said, "I like coal." Arch Coal Inc. (NYSE: ACI) is up 7.8 percent, Peabody Energy Corp. (NYSE: BTU) is up 4.7 percent, Alpha Natural Resources, Inc. (NYSE: ANR) is up 6.5 percent, Walter Energy, Inc. (WLT) is up 5 percent. The entire coal group is up 2.6 percent, as represented by ETF Market Vectors Coal ETF (NYSE: KOL).
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