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Running of the Bulls 07-21-2011
Thursday, July 21, 2011 - 6:18pm | 886Cusick's Corner Major markets continue to be in full bull mode while the debt talks continue. The Volatility Index (VIX) is down to 17.56 (see Index Trading) because the latest earnings-reporting season has been mostly upbeat. Merger mania is on -- pharmacy benefits management company Express...
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Walgreens Commits to Converting or Opening at Least 1,000 Food Oasis Stores Over the Next Five Years
Wednesday, July 20, 2011 - 1:30pm | 218In conjunction with efforts by First Lady Michelle Obama and the Partnership for a Healthier America to fight the childhood obesity epidemic and provide better food options and accessible health care to under-served communities, Walgreens (NYSE: WAG) (NASDAQ: WAG) today announced at the White House...
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Earnings Preview: Medco Health Solutions Revenue Expected to Rise
Monday, July 18, 2011 - 1:55pm | 551Medco Health Solutions (NYSE: MHS) earnings are right around the corner! Don't be caught off-guard: The company unveils its next round of earnings this Thursday, July 21, 2011. Want to get all the facts ahead of this Thursday's announcement? We thought so. Here's an advanced look at Medco Health...
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Morning Market Movers
Monday, July 18, 2011 - 8:56am | 113Pacific Booker Minerals Inc (AMEX: PBM) shares gained 30.57% to $10.25 at 9:50 am. PBM had no debt for the latest quarter. Bacterin International Holdings Inc (AMEX: BONE) climbed 26.29% to $2.93. BONE acquired the assets of Robinson MedSurg LLC. Pharmaceutical Product Development Inc (NASDAQ:...
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Scotia Capital Discusses Dividend Raise, Buyback From Walgreen
Friday, July 15, 2011 - 7:20am | 98Scotia Capital is out with a research report on Walgreen Company (NYSE: WAG) after the company raised its dividend and announced a new buyback. It has a one year price target of $46 and a Sector Outperform rating. In a note to clients, Scotia Capital writes, "Investors will certainly welcome WAG'...
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Walgreens Announces $2 Billion Buy Back
Wednesday, July 13, 2011 - 11:08am | 132Walgreens (NYSE: WAG) today announced the largest quarterly dividend increase in the history of the company, an increase of 28.6 percent to 22.5 cents per share from the previous 17.5 cents per share. The board has now authorized a $2 billion share repurchase plan, to expire December 31 2015. This...
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Walgreens Announces New $2B Share Buyback Program
Wednesday, July 13, 2011 - 9:32am | 33Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) authorized a new $2 billion share repurchase program, which will expire Dec. 31, 2015.
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Walgreens Increases Dividend by 28.6% to $0.225
Wednesday, July 13, 2011 - 9:31am | 80The board of directors of Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) today increased the quarterly dividend 28.6 percent – the largest quarterly dividend increase in the company's 110-year history – to 22.5 cents per share from the previous rate of 17.5 cents per share. The dividend is payable Sept....
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How to Lose Money: Buy Stocks With "China" In the Name
Friday, July 8, 2011 - 3:12pm | 274The recent collapse in the share price of Chinese reverse mergers is at this point widely known. But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security? Here are the performances of securities on the NYSE, containing the word "China,"...
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Swing & Fade Traders Frustrated 07-06-2011
Wednesday, July 6, 2011 - 4:48pm | 827Cusick's Corner The market is in a light volume, range-bound environment that has no solid leadership across the board. We are seeing stocks and commodities that are trading now in a range to the upside but the huge trend, a break out or down, has not been confirmed. If you look at the S&Ps,...
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CVS Caremark Corporation Announces Quarterly Dividend of $0.125/Share
Wednesday, July 6, 2011 - 12:02pm | 44CVS Caremark Corporation (NYSE: CVS) today announced that its Board of Directors has approved a quarterly dividend of $0.125 (12.5 cents) per share on the Common Stock of the Corporation, payable August 2, 2011 to holders of record on July 22, 2011.
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Market Roundup
Wednesday, July 6, 2011 - 9:46am | 215Shares of Walgreen Co (NYSE: WAG) gained about 0.9% after the company reported a 4.8% rise in its June same-store sales. Analysts were expecting a 2.8% increase. Comparable results included a 4.7% rise in non-pharmacy front end sales. Its comparable pharmacy sales climbed 4.9%. Walgreen's total...
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Walgreen Reports 4.8% Increase In June Same-Store Sales
Wednesday, July 6, 2011 - 8:00am | 68Walgreen Co (NYSE: WAG) reported a 4.8% rise in its June same-store sales. Analysts were expecting a 2.8% increase. Comparable results included a 4.7% rise in non-pharmacy front end sales. Its comparable pharmacy sales climbed 4.9%. Walgreen's total sales jumped 6.8% to $6.04 billion....
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US Stock Futures Down As Investors Await Economic Data
Wednesday, July 6, 2011 - 5:15am | 279US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 32 points to 12,501.00 and futures on the S&P 500 stock index fell 4.60 points to 1,332.10. Nasdaq 100 futures dropped 5.75 points to 2,366.25. US stocks closed...
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Jefferies Comments on CVS, Walgreens' Share Gain in TV Markets
Friday, July 1, 2011 - 6:33am | 99“This month we have decided to take a look at drugstore market share changes over the last few years across the top TV markets in the U.S.,” Jefferies wrote in a report. “As the industry consolidates, larger players such as CVS Caremark (NYSE: CVS) and Walgreens (NYSE: WAG) continue to gain share....