In this episode, Scott Becker discusses seven business headlines, including a sharp market drop, big hits to healthcare stocks like Humana and UHS, and Tesla’s ongoing slide ahead of earnings.
Chapter 1: What happened in the market drop yesterday?
This is Scott Becker with the Becker Private Equity and Business Podcast. These are seven of the stories that we're following today and thank you for listening to the podcast. First, the markets got crushed yesterday but appear set to partially rebound today. The S&P finished down about 2.36% yesterday. It's right now and it's early today up about 1.66% so it
Chapter 2: Why did Universal Health Services and Tennant Healthcare stocks fall?
Two hospital chain stocks also got crushed yesterday, Universal Health Services and Tennant Healthcare. The Universal Health Services downfall was based on concerns about government reimbursement. They do a lot of Medicaid work. We'll see about the Tennant Healthcare one as well.
Chapter 3: How is Restoration Hardware performing this year?
Chapter 4: What is causing Tesla's stock decline ahead of earnings?
Chapter 5: How did Humana's stock perform recently?
Third, RH, Restoration Hardware, a stock which we follow regularly, dropped about 3.3% yesterday, and it's now down 60% year-to-date. Fourth, Tesla dropped again almost 6% yesterday. It's down 44% year to date. The company reports earnings later today. We'll see how that goes. Fifth, Humana dropped 7% yesterday.
This is based on CMS rejecting Humana's appeal to improve its star ratings for Medicare Advantage. That's costing Humana a lot of money. We'll see how this goes. They're going to keep on fighting. Humana is, but they dropped 7% yesterday on the news. Sixth, Carvana, a stock nobody never knows exactly how to judge. A lot of cynicism about it. Dropped 7% yesterday.
Finally, seventh, thrilled to see the Becker Private Equity and Business Podcast rank first this month in the Apple Business News category. A lot of people to thank there. I'll start with Jeremy Corr and Chanel Bunger, two of our great producers on the production team. A couple other PSs. Excited to interview Coach Nick Saban at the Becker's Healthcare Conference next up. next week.
Can't wait for that. In any event, a lot going on in the business world, the trade world, the tariff world, and a lot more. Thank you for listening to the Becker Private Equity and Business Podcast.