David Weiskopf isn’t feeling at all defensive about the Government Accountability Office report on 401(k) managed accounts, despite the fact that it raised some pretty serious questions about their worthiness.
In fact, you could almost say he found the report to be positive.
“Managed accounts may not be for everybody,” concedes Weiskopf, a senior director of communications a Financial Engines, a Sunnyvale, California-based managed account provider. “But we are absolutely confident in the value we provide sponsors and their enrollees. And we know we’re delivering it at a fair price.”
A 401(k) participant with a managed account is supposed to receive professional investment advice tailored to their specific needs. According to research by Cerulli Associates, 401(k) managed accounts now hold about $108 billion in assets. The Plan Sponsor Council of America says that 36 percent of employers offered managed accounts in 2012 — up from 25 percent in 2005.
Top 10 Blue Chip Companies To Invest In Right Now: Molina Healthcare Inc (MOH)
Molina Healthcare, Inc., incorporated on July 24, 2002, provides medicaid-related solutions. The Company operates in two segments: Health Plans and Molina Medicaid Solutions. The Company's Health Plans segment consists of health plans in California, Florida, Michigan, New Mexico, Ohio, Texas, Utah, Washington, and Wisconsin, and includes the Company's direct delivery business. The Company's Molina Medicaid Solutions segment provides design, development, implementation, and business process outsourcing solutions to state governments for their Medicaid Management Information Systems (MMIS).As of December 31, 2012, Health Plans segment served approximately 1.8 million members eligible for Medicaid, Medicare, and other government-sponsored health care programs for low-income families and individuals. In June 2013, Molina Healthcare Inc announced that, through its wholly owned subsidiary, Molina Center LLC, it has successfully completed a sale and lease back transaction with the dedicated net lease group of Angelo, Gordon & Co (AG).
The health plans are operated by the Company's wholly owned subsidiaries in those states, each of which is licensed as a health maintenance organization (HMO). The Company's direct delivery business consists of 24 primary care clinics in California, Florida, New Mexico, and Washington, and the Company manages three county-owned primary care clinics under a contract with Fairfax County, Virginia. The Company's Health Plans segment derives its revenue principally in the form of premiums received under Medicaid contracts with the states in which the Company's health plans operate. All of the Company's health plans operate on a single managed care platform for claims processing (the QNXT 4.8 system). MMIS is a core tool used to support the administration of state Medicaid and other health care entitlement programs. Molina Medicaid Solutions holds MMIS contracts with the states of Idaho, Louisiana, Maine, New Jersey, and West Virginia, as well as a contract to provide d! rug rebate administration services for the Florida Medicaid program. The Company arranges health care services for its members through contracts with providers that include independent physicians and groups, hospitals, ancillary providers, and its own clinics. The Company's network of providers includes primary care physicians, specialists and hospitals. The Company contracts with both primary care physicians and specialists many of whom are organized into medical groups or independent practice associations (IPAs).
The Company develops specialized disease management programs that address the particular health care needs of its members. motherhood matters! sm is a comprehensive program designed to improve pregnancy outcomes and enhance member satisfaction. breathe with ease! is a multi-disciplinary disease management program that provides health education resources and case management services to assist physicians caring for asthmatic members between the ages of three and 15. Healthy Living with Diabetes is a diabetes disease management program. Heart Health Living is a cardiovascular disease management program for members who have suffered from congestive heart failure, angina, heart attack, or high blood pressure. The Company provides its members with information to guide them through various episodes of care. This information, which is available in several languages, is designed to educate parents on the use of primary care physicians, emergency rooms, and nurse call centers. The Company's pharmacy management programs focus on physician education regarding appropriate medication utilization and encouraging the use of generic medications. The Company's pharmacists and medical directors work with the Company's pharmacy benefits manager to maintain a formulary that promotes both improved patient care and generic drug use. The Company provides certain centralized medical and administrative services to its health plans pursuant to administrative services agreements, including medical affairs a! nd qualit! y management, health education, credentialing, management, financial, legal, information systems, and human resources services.
The Company competes with HP Enterprise Services, ACS, Computer Services Corporation, and CNSI.
Advisors' Opinion:- [By Sean Williams]
If you want a ray of sunshine in this mess, look no further than either WellPoint (NYSE: WLP ) or Molina Healthcare (NYSE: MOH ) . Both companies have a stronghold in California with WellPoint's Blue Cross Blue Shield and Molina's low-cost and Medicaid-sponsored plans offering ample choices in the early going for consumers. Although early enrollment in California was disappointing, the expectation all along has been that it would pick up as we get closer to coverage enrollment cutoff date. With few signs of exchange problems in California I'd look for these two companies to impress investors moving forward.
- [By Susan J. Aluise]
Although big insurers may retreat in the near term, here are three healthcare stocks still poised to win big from the Affordable Care Act:
Healthcare Stocks: Molina Healthcare (MOH)Molina Healthcare (MOH) is an insurance payor focused on the Medicaid niche — it covers an estimates 2 million patients in 11 states.
- [By Seth Jayson]
Molina Healthcare (NYSE: MOH ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Molina Healthcare met expectations on revenues and crushed expectations on earnings per share.
Best Defensive Stocks To Invest In Right Now: New Mountain Finance Corp (NMFC)
New Mountain Finance Corporation, formerly New Mountain Guardian Corporation, will be a holding company with no direct operations of its own, and its only business and sole asset will be its ownership of common membership units of New Mountain Guardian Holdings, L.L.C. (NMG LLC), the operating company for its business. NMG LLC will be an externally managed finance company, which will own all of the existing assets, and will have assumed all of the existing liabilities, of the Guardian Entities following this offering.
NMG LLC will be managed by New Mountain Guardian Advisors BDC, L.L.C, a wholly-owned subsidiary of New Mountain Capital, L.L.C. (New Mountain). New Mountain focuses on investing in high-quality, defensive growth companies across its private equity, public equity and credit investment vehicles.
Advisors' Opinion:- [By Monica Gerson]
New Mountain Finance (NYSE: NMFC) fell 2.33% to $14.23 after the company priced 3.5 million shares at $14.57 per share for net proceeds of $51 million.
Best Defensive Stocks To Invest In Right Now: Euro/Forint(GY)
GenCorp Inc. engages in the manufacture and sale of aerospace and defense products and systems in the United States. The company operates in two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers defense system products, including liquid, solid, and air-breathing propulsion systems and components for applications in missile defense systems, maneuvering propulsion systems, precision war-fighting systems, and specialty metal products, as well as for use in strategic, tactical, and precision strike missiles. This segment also provides composite and metallic aerospace structural components, and warhead and armament systems for precision tactical and long range weapon applications. In addition, it provides liquid, solid, and electric propulsion systems and components for space systems, such as expendable and reusable launch vehicles, transatmospheric vehicles, manned and unmanned spacecraft, separation and maneuvering systems, upper stage engines, satellites, solid boosters, and integrated propulsion subsystems. This segment serves military, civil, and commercial space customers; Department of Defense; National Aeronautics and Space Administration; aerospace, defense, and commercial prime contractors; and various agencies of the United States government. The Real Estate segment engages in the re-zoning, entitlement, sale, and leasing of the company?s excess real estate assets; and owns approximately 12,200 acres of land in the Sacramento metropolitan area. GenCorp Inc. was founded in 1915 and is headquartered in Rancho Cordova, California.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of GenCorp (NYSE: GY) were down 3.97 percent to $17.86 after the company reported Q1 results. GenCorp reported a Q1 loss of $0.03 per share. - [By Rick Munarriz]
Monday
The first trading day of the week kicks off with GenCorp (NYSE: GY ) posting quarterly results. The aerospace and defense contractor completed its acquisition of Pratt & Whitney's rocket engine manufacturer Rocketdyne after receiving clearance from the Federal Trade Commission earlier this month. Naturally, Rocketdyne's performance won't be baked into the financials. - [By Rich Smith]
GenCorp (NYSE: GY ) probably also comes to mind. It's hard to imagine a company with more of a 1950s space-frontier feel to it than the one that owns Rocketdyne -- a name that could have come straight out of a pulp Heinlein novel.
Best Defensive Stocks To Invest In Right Now: Sears Holdings Corporation(SHLD)
Sears Holdings Corporation operates as a specialty retailer in the United States and Canada. The company?s Kmart segment operates stores that sell merchandise under Jaclyn Smith and Joe Boxer labels; and Sears brand products, such as Kenmore, Craftsman, and DieHard. This segment?s stores provide consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel, as well as operate in-store pharmacies. Its Sears Domestic segment operates stores that sell merchandise under the Kenmore, Craftsman, DieHard, Lands? End, Covington, Apostrophe, and Canyon River Blues brand names. This segment?s stores provide appliances, consumer electronics, tools, sporting goods, outdoor living, lawn and garden equipment, home fashion products, automotive products, apparel, footwear, jewelry, accessories, health and beauty products, pantry goods, household products, and toys. The Sears Domestic segment also provides clothing, acces sories, footwear, and soft luggage; appliances and services to commercial customers in single-family residential construction/remodel, property management, multi-family new construction, and government/military sectors; premium appliance and plumbing fixtures to architects, designers, and new construction or remodeling customers; parts and repair services for appliances, lawn and garden equipment, consumer electronics, floor care products, and heating and cooling systems; and home improvement services. The company?s Sears Canada segment engages in the retail of apparel and other softlines. Sears Holdings Corporation operates approximately 2,172 full-line stores and 1,338 specialty retail stores in the United States; 500 full-line and specialty retail stores in Canada, as well as operates 17 floor covering stores, 1,734 catalog pick-up locations, and 108 travel offices; and kmart.com and sears.ca Websites. The company was founded in 1899 and is based in Hoffman Estates, Illi nois.
Advisors' Opinion:- [By Reuters]
Nam Y. Huh/APCustomers ride escalators inside the Sears store in downtown Chicago. NEW YORK -- Sears Holdings (SHLD) is closing its downtown Chicago flagship outlet in April, the latest move by the retailer to cut the number of its stores as it relies more on online retailing. The store has lost "millions of dollars" since opening in 2001, a Sears spokesman said Tuesday. The closing will leave Sears' namesake chain without a store in the downtown core of its hometown. Sears is based in suburban Hoffman Estates, Ill. It has three other stores in Chicago. In a blog post Tuesday, hedge fund manager Edward Lampert, who is Sears' CEO and top shareholder, said store closings are necessary because shoppers' habits are changing as they buy more online. "The consensus about decreased store traffic also highlights another decision that has steered our work: we very often need less space to serve our members better and we may need fewer locations as well," Lampert said. "As difficult as these changes are, we believe the alternative of failing to plan for or even see where the retail industry is heading would be far, far worse." Sears reported a 9.2 percent decline in comparable sales for the holiday season at its namesake chain, the latest poor showing by the retailer. The company also operates the Kmart discount chain. Sears Holdings has closed about 300 U.S. stores since 2010. The company has about 2,000 Sears and Kmart locations in the United States. Other retailers are also closing stores. J.C. Penney (JCP) announced last week that it was closing 33 of its 1,100 stores. Macy's (M) is closing five stores, although it plans to open eight new locations. The news of the Chicago store closing was first reported by Crain's. Percentage of U.S. population who visited in March: 14.2% Revenue: $73.3 billion 1-year stock price change: 27.56% Store category: Discount & variety stores
- [By Douglas A. McIntyre]
Much less certain are the fates of retailers who needed to make money this year. The Sears and Kmart units of Sears Holdings Corp. (NASDAQ: SHLD) sit at the top of that list, along with J.C. Penney Co. Inc. (NYSE: JCP). Each faces the vexing problem of how to drag in customers and liquidate inventory not sold in November and December. Investors have not shown optimism. J.C. Penney stock sold off from more than $10 nearly a month ago to as low as $8 recently. Shares of Sears Holdings have dropped more than 25% during the past month.
Best Defensive Stocks To Invest In Right Now: Encana Corporation(ECA)
Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. The company owns interests in resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia in Canada. It also holds interests in resource plays comprising the Jonah in southwest Wyoming, Piceance in northwest Colorado, Haynesville in Louisiana, and Texas resource play, including east Texas and north Texas. The company serves primarily local distribution companies, industrials, energy marketing companies, and other producers. Encana Corporation was founded in 1971 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Arjun Sreekumar]
Encana (NYSE: ECA ) , Canada's largest natural gas producer, yesterday announced its eagerly anticipated new strategy to help it become a leaner, more focused energy company.
- [By Richard Zeits]
Earlier this year, after almost a year of active but unsuccessful marketing of a Mississippian Lime Joint Venture and following several mixed test results, Encana Corporation (ECA) designated its ~320,000 net Mississippian Lime acres in Kansas for sale. In July, Encana followed with a decision to divest its remaining acreage in Osage County in Oklahoma, including seven producing wells.
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