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9 Option Trades on Dividend Stocks & Gold
Tuesday, August 30, 2011 - 11:41pm | 1312Equity market volatility has increased significantly since I last wrote about a covered call option strategy in July. Using Born To Sell I have identified some potential covered call opportunities on dividend stocks that have been featured on Scott's Investments within the past month. If you are...
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3 Top Dividend Growth Stocks
Tuesday, August 30, 2011 - 1:08pm | 375I have published an exclusive article today on Seeking Alpha titled 3 Top Dividend Growth Stocks, which features Novo Nordisk A/S (NVO), Walgreens (WAG), and Murphy Oil (MUR). Click here for a FREE Trading Course Now you can follow me on Stocktwits and Twitter! Disclaimer: No current positions in...
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CVS Caremark Corporation Announces New Share Repurchase Authorization for up to $4 Billion of Common Stock
Wednesday, August 24, 2011 - 7:45am | 115CVS Caremark Corporation (NYSE: CVS) today announced that its board of directors has approved a new share repurchase program for up to $4.0 billion of the company's outstanding common stock. The share repurchase authorization, which is effective immediately, permits the company to effect the...
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Market Update
Tuesday, August 23, 2011 - 8:33am | 179Shares of PharMerica Corp (NYSE: PMC) jumped about 34.8% after Omnicare Inc (NYSE: OCR) offered to buy PharMerica for $441 million in cash. The offer of $15 per share represents a 37% premium to PharMerica's closing price on Monday. The transaction will be worth around $716 million, including...
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Citigroup Lowers PT on CVS, KR, SVU, SWY, WAG
Tuesday, August 23, 2011 - 6:31am | 85Citigroup has lowered price targets on the following companies: CVS Caremark (NYSE: CVS) Buy, PT from $46.00 to $41.00 Kroger (NYSE: KR) Hold, PT from $26.00 to $25.00 SuperValu (NYSE: SVU) Hold. PT from $9.00 to $8.00 Safeway (NYSE: SWY) Hold, PT from $23.00 to $20.00 Walgreen (NYSE: WAG)...
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China Nepstar Chain Drugstore Announces CEO Resignation
Tuesday, August 23, 2011 - 5:52am | 57China Nepstar Chain Drugstore Ltd. (NYSE: NPD) earlier today announced the resignation of Mr. Jason Xinghua Wu as the Company's Chief Executive Officer, effective today, for personal reasons. Mr. Fuxiang Zhang, the Company's Chief Operating Officer, has been appointed as Chief Executive Officer by...
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China Nepstar Chain Drugstore Announces Share Repurchase Program of up to $20M
Tuesday, August 23, 2011 - 5:51am | 60China Nepstar Chain Drugstore Ltd. (NYSE: NPD) today announced that its board of directors has authorized a share repurchase program. Under the terms of the approved program, China Nepstar may repurchase up to US$20 million worth of its issued and outstanding American Depositary Shares from time to...
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Earnings Scheduled For August 23
Tuesday, August 23, 2011 - 2:23am | 481Williams-Sonoma Inc (NYSE: WSM) is expected to report its Q2 EPS at $0.36 on revenue of $823.97 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to post a Q1 loss at $0.17 per share on revenue of $116.18 million. La-Z-Boy Incorporated (NYSE: LZB) is projected to report its FQ1...
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CVS Caremark Announces Receipt of Requisite Consents, Termination of Replacement Capital Covenant and Expiration of Consent Solicitation Relating to its 6.125% Senior Notes due August 15, 2016
Monday, August 22, 2011 - 7:19pm | 266CVS Caremark (NYSE: CVS) announced today the results of its previously announced solicitation of consents from the registered holders as of 5:00 p.m., New York City time on August 8, 2011 of its 6.125% Senior Notes due August 15, 2016 to terminate the replacement capital covenant, which was entered...
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Morgan Stanley Maintains Equal-Weight on CVS/Caremark
Wednesday, August 17, 2011 - 7:42am | 60Morgan Stanley is out with its report today on CVS/Caremark (NYSE: CVS), maintaining Equal-weight. In its report, Morgan Stanley writes, 'Valuation is temping, but after years of disappointments, CVS needs to prove its PBM operating income performance to the market. We maintain our Equal-weight...
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Document Security Systems, Inc. Awarded $2.9 Million Packaging Order From Walgreens Co.
Wednesday, August 10, 2011 - 8:35am | 126Document Security Systems, Inc. (NYSE: DSS) announced today that it has been awarded an annual packaging manufacturing order contract from Walgreens (NYSE: WAG) worth approximately $2.9 million through August 2012, with additional opportunities for non-contract work. DSS Chief Operating Officer,...
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Bank of America Reiterates Buy and PT of $46 on CVS Caremark
Wednesday, August 10, 2011 - 7:52am | 44Bank of America reiterated its Buy rating on CVS Caremark (NYSE: CVS). At the same time, the rating agency left its price target on the company's stock unchanged at $46. On Tuesday, CVS closed the day at $33.23.
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Earnings Roundup
Thursday, August 4, 2011 - 7:58am | 1365General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...
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Citi Maintains Hold on Walgreens
Thursday, August 4, 2011 - 7:38am | 132Citi is out with its report today on Walgreens (NYSE: WAG), maintaining Hold. In its report, Citi writes, "We rate the shares of Walgreens Co Hold/Medium Risk (2M). We believe WAG is entering its next phase of double digit earnings growth after 3 years of single digit to negative earnings growth....
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UPDATE: CVS Reports Decline In Q2 Profit
Thursday, August 4, 2011 - 6:27am | 85CVS Caremark Corp (NYSE: CVS) reported a drop in its second-quarter earnings. CVS reported its quarterly earnings at $816 million, or $0.60 per share, down from $821 million, or $0.60 per share, in the year-earlier period. Its revenue climbed to $26.63 billion from $24 billion. However, analysts...