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Wall St Engine
Guardian reports UnitedHealth $UNH secretly paid nursing homes bonuses to cut hospital transfers, risking patient safety.
Whistleblowers allege residents needing urgent care were denied hospital trips under pressure to keep costs down. One case led to permanent brain damage.
UnitedHealth denies blocking transfers, but internal documents show staff were financially incentivized to lower hospitalization rates—rewarded for keeping “admits per thousand” low.
The company reportedly monitored facilities’ use of DNR orders and gave teams “admission budgets.”
In some cases, nursing homes shared confidential records to enroll more residents in UnitedHealth’s Medicare Advantage plans.
One whistleblower, Maxwell Ollivant, warns patients may not be getting the care they signed up for.
Full report via The Guardian.
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Guardian reports UnitedHealth $UNH secretly paid nursing homes bonuses to cut hospital transfers, risking patient safety.
Whistleblowers allege residents needing urgent care were denied hospital trips under pressure to keep costs down. One case led to permanent brain damage.
UnitedHealth denies blocking transfers, but internal documents show staff were financially incentivized to lower hospitalization rates—rewarded for keeping “admits per thousand” low.
The company reportedly monitored facilities’ use of DNR orders and gave teams “admission budgets.”
In some cases, nursing homes shared confidential records to enroll more residents in UnitedHealth’s Medicare Advantage plans.
One whistleblower, Maxwell Ollivant, warns patients may not be getting the care they signed up for.
Full report via The Guardian.
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Wall St Engine
$TGT | Target Q1 Earnings Highlights
🔹 Revenue: $23.85B (Est. $24.35B) 🔴; DOWN -2.8% YoY
🔹 Adj EPS: $1.30 (Est. $1.65) 🔴
FY25 Guidance:
🔹 Revenue: Now expects low-single-digit decline (Previously: growth) 🔴
🔹 Adjusted EPS: $7.00–$9.00 (Prior: $8.80–$9.80, Est. $8.43) 🔴
Q1 Comparable Sales:
🔹 Total Comp Sales: -3.8% (Est. -1.96%) 🔴
🔹 Comp Store Sales: -5.7%
🔹 Comp Digital Sales: +4.7%
🔹 Same-Day Delivery (via Target Circle 360): +36% YoY
Other Metrics:
🔹 Operating Income: $1.5B; UP +13.6% YoY
🔹 Adj Operating Margin: 3.7% (Excludes settlement impact)
🔹 SG&A Expense Rate: 19.3% (vs. 21.0% YoY); Adjusted SG&A Rate: 21.7%
🔹 Interest Expense: $116M (vs. $106M YoY)
🔹 Effective Tax Rate: 25.0% (vs. 22.7% YoY)
Strategic and Operational Updates:
🔸 Designer collaboration with Kate Spade was Target’s strongest in over a decade
🔸 Seasonal sales during Valentine’s Day and Easter outperformed non-seasonal periods
🔸 A new multi-year "acceleration office" launched, led by Michael Fiddelke, to improve agility and drive long-term growth
🔸 Settlement of credit card interchange fee litigation added $593M in pre-tax gains in Q1
Capital Allocation:
🔹 Dividend Paid: $510M (UP +1.8% YoY)
🔹 Share Buybacks: $251M; 2.2M shares at avg. $114.60
🔹 Remaining Buyback Authorization: $8.4B
🔹 ROIC (Trailing 12 Months): 15.1% (vs. 15.4% YoY)
CEO Brian Cornell’s Commentary:
🔸 "While our sales fell short of expectations, digital grew healthily, with Target Circle 360 driving 36% YoY same-day delivery growth. Kate Spade for Target was our strongest designer collaboration in over a decade. We’re not satisfied with current performance and have initiated leadership changes and strategic acceleration to unlock future growth."
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$TGT | Target Q1 Earnings Highlights
🔹 Revenue: $23.85B (Est. $24.35B) 🔴; DOWN -2.8% YoY
🔹 Adj EPS: $1.30 (Est. $1.65) 🔴
FY25 Guidance:
🔹 Revenue: Now expects low-single-digit decline (Previously: growth) 🔴
🔹 Adjusted EPS: $7.00–$9.00 (Prior: $8.80–$9.80, Est. $8.43) 🔴
Q1 Comparable Sales:
🔹 Total Comp Sales: -3.8% (Est. -1.96%) 🔴
🔹 Comp Store Sales: -5.7%
🔹 Comp Digital Sales: +4.7%
🔹 Same-Day Delivery (via Target Circle 360): +36% YoY
Other Metrics:
🔹 Operating Income: $1.5B; UP +13.6% YoY
🔹 Adj Operating Margin: 3.7% (Excludes settlement impact)
🔹 SG&A Expense Rate: 19.3% (vs. 21.0% YoY); Adjusted SG&A Rate: 21.7%
🔹 Interest Expense: $116M (vs. $106M YoY)
🔹 Effective Tax Rate: 25.0% (vs. 22.7% YoY)
Strategic and Operational Updates:
🔸 Designer collaboration with Kate Spade was Target’s strongest in over a decade
🔸 Seasonal sales during Valentine’s Day and Easter outperformed non-seasonal periods
🔸 A new multi-year "acceleration office" launched, led by Michael Fiddelke, to improve agility and drive long-term growth
🔸 Settlement of credit card interchange fee litigation added $593M in pre-tax gains in Q1
Capital Allocation:
🔹 Dividend Paid: $510M (UP +1.8% YoY)
🔹 Share Buybacks: $251M; 2.2M shares at avg. $114.60
🔹 Remaining Buyback Authorization: $8.4B
🔹 ROIC (Trailing 12 Months): 15.1% (vs. 15.4% YoY)
CEO Brian Cornell’s Commentary:
🔸 "While our sales fell short of expectations, digital grew healthily, with Target Circle 360 driving 36% YoY same-day delivery growth. Kate Spade for Target was our strongest designer collaboration in over a decade. We’re not satisfied with current performance and have initiated leadership changes and strategic acceleration to unlock future growth."
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Quiver Quantitative
Representative Gerry Connolly just passed away this morning: https://t.co/p7w4whHMJu
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Representative Gerry Connolly just passed away this morning: https://t.co/p7w4whHMJu
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: Novo Nordisk $NVO credit rating upgraded to AA from AA- by S&P Global $SPGI ✅
Don’t miss the fourth photo❗️
I believe few investors truly grasp the potential of GLP-1s:
•Reduces chronic disease risks
•Addresses obesity
•Reduces cardiovascular risks
•Delays neurodegenerative disorders (e.g. Alzheimer’s)
•Lowers cancer risk (e.g. colon cancer)
•Enhances metabolic health
•Decreases reliance on other meds
•Minimizes invasive treatments
•Combats addiction
•Could slow aging
•Lowers healthcare costs
$NVO trades for ~16x NTM earnings, near its lowest valuation in the last decade
$NVO has averaged a 59% ROIC over the past 20 years
$NVO has $6.02B in cash & $13.96B in long-term debt
With all this being said, and down -55% from all time highs, today $NVO is a strong consideration for investment at $67💵
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RT @DimitryNakhla: Novo Nordisk $NVO credit rating upgraded to AA from AA- by S&P Global $SPGI ✅
Don’t miss the fourth photo❗️
I believe few investors truly grasp the potential of GLP-1s:
•Reduces chronic disease risks
•Addresses obesity
•Reduces cardiovascular risks
•Delays neurodegenerative disorders (e.g. Alzheimer’s)
•Lowers cancer risk (e.g. colon cancer)
•Enhances metabolic health
•Decreases reliance on other meds
•Minimizes invasive treatments
•Combats addiction
•Could slow aging
•Lowers healthcare costs
$NVO trades for ~16x NTM earnings, near its lowest valuation in the last decade
$NVO has averaged a 59% ROIC over the past 20 years
$NVO has $6.02B in cash & $13.96B in long-term debt
With all this being said, and down -55% from all time highs, today $NVO is a strong consideration for investment at $67💵
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Investing visuals
$PLTR vs. $SNOW: not all companies are created equally. https://t.co/0B2Nq2hxX8
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$PLTR vs. $SNOW: not all companies are created equally. https://t.co/0B2Nq2hxX8
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Quiver Quantitative
BREAKING: We just received data on a new congressional crypto trade.
Representative Guy Reschenthaler just filed a sale of up to $15K of Solana, $SOL. https://t.co/zmCtVoPyM0
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BREAKING: We just received data on a new congressional crypto trade.
Representative Guy Reschenthaler just filed a sale of up to $15K of Solana, $SOL. https://t.co/zmCtVoPyM0
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