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Bull’s Eye Report: Centene (CNC)

Try CNC for a non-correlated buy


At, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Centene  CNC Managed Health Care 9.7 +21.08% $47.92

Why We Like The Stock:

Centene (CNC) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Very few stocks have been immune to the destruction of equities since last Wednesday’s FOMC announcement. However, managed healthcare stocks like Humana (HUM), Health Net (HNT), and Centene  seem to be holding up rather well. CNC has maintained its positive intermediate- and short-term trend while not violating any major technical levels to the downside. Currently, the stock is sitting about $0.75 above its 50-day moving average, and is not picking up on the worrisome intraday activity of the overall market. While the summer volatility is difficult to navigate, owning stocks like Centene make the journey less arduous. We would be buyers at current prices and holders above $47.92.

We Would Be Buyers:

At the current price (~$49.93).

Company Profile:

Centene Corporation is a multi-line healthcare enterprise, which provides programs and services to under-insured and uninsured individuals. The company provides member-focused services through locally based staff by assisting in accessing care, coordinating referrals to related health and social services and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing appropriate healthcare services. It combines its decentralized local approach for care with a centralized infrastructure of support functions, such as finance, information systems and claims processing. The company operates in two segments: Medicaid Managed Care and Specialty Services. Effective April 1, 2013, it acquired Specialty Therapeutic Care Holdings Inc. doing business as AcariaHealth.

Stock Rating: 9.7

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Centene – Last Three Months

Centene – Last 12 Months


Centene – Last Five Years


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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.

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