WEEKLY POSITION MONITOR UPDATE
On Monday’s Health Care Webcast, we will cover:
- Position Monitor Updates
- (+) AMN | Earnings recap, continued upside expected.
- (+) GH |Weekly claims Index does not show COVID is having a negative impact in 4Q20 as management suggested.
- (+) NTRA | Tests accessioned up substantially following expanded ACOG Guidelines, Medicare coverage decisions, two additional Signatera trials.
- (+) USPH | We flagged US Physical Therapy several weeks ago as prospective long candidate into earnings. We saw evidence that in person care was improving among younger patients and physical therapy generally skews young. We also developed a forecast tool which appears to have been right on target. Based on the Microquad set up, modest upside would be sufficient to rally the shares, which turned out to be accurate, although we did not press the position in our list as we continue to refine our methodology.
- (+) NEO | Adding to Long Bench
- (-) HRC | #ThirdWave demand versus capital spending headwinds
- Expert Opinion | We’ll recap a call we held with Mark Capone where we discussed the prospects for emerging blood tests for cancer, from early detection to therapy selection and long term monitoring. CLICK HERE for replay and associated materials for this call.
- US Medical Economy | Labor reports from ADP and BLS point to some of the most dramatic shifts in labor demand we’ve ever seen even when compared to the roll out of the ACA, the largest expansion of insurance in decades. We are seeing average hours ramp across many sites of care, but total employment continues to sink in others. There are signs that in person is returning among younger patients despite resurgent COVID cases.
- Fundamental Momentum Slowing | The fundamental backdrop for the US Medical Economy continues to decelerate. Based on the trend of the last few weeks, we expect a move to Microquad 3 on this update or next. We will have new updates, screen results, and updates to our current Position Monitor.
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Health Care Webcast | Position Monitor Updates, Expert Opinion, US Medical Economy, Fundamental Momentum Slowing Please join us on Monday, November 9, 2020 @ 10 AM ET - Add to Outlook Calendar FREE: CLICK HERE for event details (including video and materials links). |
RECAP OF Recent EVENTS
GH | Strong Results, But #ThirdWave Could Hinder Testing
CLICK HERE to access the associated note.
AMN | COVID19 TAILWINDS WON'T RECEDE "ANY TIME SOON"
CLICK HERE to access the associated note.
Health Care Call Replay & Notes | Virtual Care - A Game of Chess
CLICK HERE for event details (includes video link and materials link).
Call Replay | The Liquid Biopsy Gold Rush (ILMN, EXAS)
CLICK HERE for event details (includes video link and materials link).
Health Care Webcast | November 2nd, 2020 @ 11:30AM ET | TDOC, LVGO, AMWL, ONEM, ILMN
CLICK HERE for event details (includes video link and materials link).
All data available upon request. Please reach out to with any inquiries.
Thomas Tobin
Managing Director
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