Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of health-care benefit provider Universal American
So what: Most big stock moves right now are all about earnings reports, and Universal American's jump is certainly in that camp. The sale of the company's Medicare Part D business to CVS Caremark
Now what: There will continue to be extra work for investors to do in the quarters to come as the impact from the segment sale hangs around on the profit and loss statement. In addition, debt ceiling deal or not, the government's budget will continue to be in the spotlight, which means that companies that depend on payments from Uncle Sam may have reason to chew their nails.
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