Spinnerette: 04.17.24
-1.13 CHG x 3 companies
AON + MRK + THC
ANCHOR MKT
What defines an Anchor? The early definition of Anchor is a device used for mooring a ship to the seabed. As a symbol the Anchor represents hope, steadfastness, stability and Good Luck.
An Anchor Market, as stated by, lawinsider.com simply means that markets are determined by the Company to be material to the business of the Company and its Subsidiaries.
In the Financial Industry, the term Anchor is used in various ways to define trading strategies such as describing an Anchor Point which is the timeframe that aligns with a trading plan and objective. The examples of this trading strategy would be earnings announcements, news events or a new quarter. The most popular Anchored Indicator is the Anchored Volume Weighted Average Price (AVWAP). This can give traders a deeper understanding of the market. An Anchor Price is the practice of establishing a price point which customers can refer to when making trading decisions. The Anchoring Effect according to www.pon.harvard.edu is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (known as the “Anchor”) when making decisions.
The companies that created Today’s Spinnerette.Anagram are:
AON is Aon PLC a global financial services and management consulting company that provides risk-mitigation products such as retirement solutions, health solutions and insurance broking. It is a British-American company that trades on the NYSE with a market cap of US$65 BILLION. The company was founded in Chicago, IL by Patrick Ryan in 1982 and is headquartered in London, United Kingdom. The Ryan Insurance Group merged with the Combined Insurance Company of America and in 1987 the company was renamed AON taken from the Gaelic word meaning “one”. The origins of the AON began in 1918 by W. Clement Stone’s mother who purchased a Detroit insurance agency. The following year Stone founded his own agency known as the Combined Registry Co. In 1982, the company merged with the Ryan Insurance Co. that made a number of acquisitions and built the company into a Global Market.
Revenue is listed at US$13.38 BILLION and employs approx. 50,000.
Traded Today @ $308.02
MRK is Merck & Company Inc. a multinational pharmaceutical company that trades on the NYSE, and is headquartered in Rahway, NJ. The company was founded in 1891 by Theodore Weicker and George Merck and was originally known as the American Affiliate of Merck Group. The company products include Pharmaceuticals, generic drugs, over-the-counter drugs, vaccines, diagnostics, contact lenses, as well as Veterinary medicine. The company is considered one of the largest pharmaceutical companies globally and is ranked among the top 5 in Revenue.
Revenue is listed at US$60.12 BILLION and employs approx. 72,000.
Traded Today @ $125.60
THC is Tenet Healthcare Corporation providing Healthcare services. It trades on the NYSE and is headquartered in Dallas, TX. The company was founded in 1969 and through numerous acquisitions has grown significantly over the years.
A Daddy Longlegs: Tenet Healthcare Corporations has a list of controversies including Psychiatric fraud, Unnecessary heart surgeries, Medicare fraud, Bribery, and Tax dodging and lobbying - just to name a few. WOW!
Revenue is approx. US$17.64 BILLION and employ more than 101,000.
Traded Today @ $96.00
Company/Corporation Information is from Google Wikipedia and Britannica