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AGENDA
On today's Health Care Show we'll cover the latest Health Care Macro trends, factor screens, and recent earnings releases. It's been a good week, but getting PDCO to work was an especially good win. It is a good example of how we've modified our research process, something we've been rolling out on our weekly Health Care Show this quarter. In addition to covering the data series that called the internal growth rate slowdown at PDCO in the context of PDCO's weak factor backdrop, we'll hit on EYE's cellphone tracking data (weak) and a key labor cost trend (improving). PGNY wasn't signaling as an active short into earnings, but our provider tracker might have flagged the weakness in utilization. We continue to think their TAM is smaller and closer to hitting a growth wall and selling incremental employee benefits is always and everywhere a difficult business. LFST turned out to not to be a good short per Hindenburg's report. We think the time to be short LFST has past (we were short once) and our provider tracker and Health Care Macro overlays continue to support the long case, and just how far the short cases has faded. UHS continues to perform which we've hit on multiple times on The Health Care Show in past weeks.
Submit questions ahead of time if you can't make the live Q&A and they'll be included in the replay.
The obstacle is the way!
