Cowen and Company’s Charles Rhyee said that WebMD’s core advertising business is the primary driver of stock performance, but it shouldn’t be. Instead, WebMD has a “big opportunity” to position itself as a platform for healthcare services, much in the same way that CVS Health Corp (NYSE:CVS) pivoted to a strong healthcare focus. This move follows a similar upgrade by SunTrust in early August.
http://finance.yahoo.com/news/webmd-quickly-becoming-wall-street-120752042.html
Crude Oil futures were trading higher by $2.81 at $41.41 in Thursday’s session. The buy-all mentality in Thursday’s markets has spilled over into the oil complex, as well. In addition, the intervention by the Chinese government has boosted their markets, which may result in increased demand for oil if their economy can stage a rebound.
Crude oil futures are three days removed from making a multi-year low at $37.75. Over the next day, the contract put in two higher lows Tuesday ($38.16) and Wednesday ($38.52) and ended Wednesday’s session just off the low at $38.60.
After a higher open, it crossed the psychological $40 level the rally gained momentum as shorts began to cover into a rising instead of falling market.
Read more: http://www.benzinga.com/markets/futures/15/08/5797029/crude-oil-futures-sharply-higher#ixzz3k2amC0qx
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