Trade of the Day: Aetna (AET)

by Jon Markman | December 3, 2013 9:51 am

Aetna (AET[1]) is a major provider of health insurance benefits in the United States. It was one of the best-performing stocks on the board all year until the start of Obamacare, and then it and its peers like Cigna (CI[2]) and WellPoint (WLP[3]) went on extended leave. They are all continuing to rally back now, as it looks like the new wrinkles in the Affordable Care Act snafu will benefit the HMOs.

jmta_12022013_aet[4]Just as it did on Friday afternoon, the stock made a new all-time high Monday morning before pulling back at the close with the broad market. Not a problem. There’s still upside from here, so buy AET for a $70 target.

Jon Markman operates the investment firm Markman Capital Insights[5]. He also writes a daily trading newsletter, Trader’s Advantage[6], and CounterPoint Options[7], a service geared towards helping individual traders make steady, consistent profits with the VIX.  Follow Jon Markman[8] at Google+.

  1. AET:
  2. CI:
  3. WLP:
  4. [Image]:
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