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Wednesday, July 22, 2020

HCA Q2 earnings lift hospital group

Most hospital operators are enjoying a spike in buying after HCA Healthcare (HCA +12.7%) reported Q2 results this morning. Revenues were down 12% due to COVID-19 disruptions but earnings were up a tidy 38% helped by CARES Act relief.
Selected tickers: Universal Health Services (UHS +6.3%), Select Medical Holdings (SEM +4.5%), Tenet Healthcare (THC +7.8%), Community Health Systems (CYH +9.7%), Humana (HUM -0.6%)

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