Cloud Peak Energy, Bank of America, and More: Here’s Why These Stocks Are On the Move Today

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Community Health Systems (NYSE:CYH)Tenet Healthcare Corp (NYSE:THC), and LifePoint Health Inc (NASDAQ:LPNT) are each deep in the red as traders anticipate the eventual repeal of Obamacare. Given that the policy has to varying degrees benefited each company by increasing demand, a repeal of Obamacare could mean softer results for the three names in the coming years. The three companies have disappointed some traders even before November 8 due to labor wage pressures and unfavorable payer mix, among other factors.

Seeing as Trump will become President in 2017 and the Republicans control the House and Senate, there won’t likely be much legislative opposition to a repeal. Given that Trump will appoint another Supreme Court Justice, there might not be any judicial opposition either. Although it remains to be seen what type of system will replace Obamacare, uncertainty currently reigns over the sector.

Follow Community Health Systems Inc (NYSE:CYH)

Follow Tenet Healthcare Corp (NYSE:THC)

Of the around 749 funds that we track, 39 were long Tenet Healthcare Corp (NYSE:THC) at the end of the second quarter. Meanwhile, 33 funds were bullish on Community Health Systems (NYSE:CYH) and 22 were long LifePoint Health Inc (NASDAQ:LPNT) during the same time period.

Follow Legacy Lifepoint Health Inc. (NASDAQ:LPNT)

Disclosure: None

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