Drug Retail

Shares of MSC Industrial Direct Co Inc (NYSE: MSM) dropped about 0.5% after the company reported upbeat fiscal third-quarter earnings and issued weaker-than-expected Q4 earnings. MSM reported its quarterly profit at $62.1 million, or $0.97 per share, up from $44.3 million, or $0.69 per share, in...

Rite Aid Corporation (NYSE: RAD) today announced sales results for June. Monthly Sales For the four weeks ended June 25, 2011, same store sales increased 1.8 percent over the prior-year period. June front-end same store sales increased 1.5 percent while pharmacy same store sales, which included...

Walgreens (NYSE: WAG) today unveiled its “Chicago Hometown Investment Initiative,” a plan to provide an estimated 600 new jobs in the city over the next two years and quadruple its number of food oasis stores. Roughly half of the jobs are expected to result from expansion of Walgreens downtown...

Citi is out with its report today on Walgreen (NYSE: WAG), reiterating Hold. In a note to clients, Citi writes, "WAG delivered strong +4.1% topline growth during F3Q11 as its Customer Centric Retailing initiative continued to gain traction by driving more trips and increased basket size. Looking...

On CNBC's Fast Money, Tim Seymour said that he wants to buy Fibria Celulose S.A. (ADR) (NYSE: FBR) on Tuesday. Fibria Celulose S.A. (ADR) (FBR) gained 0.31% today, and it closed at $13.00. Karen Finerman thinks that CVS Caremark Corporation (NYSE: CVS) is a buy. CVS Caremark Corporation (CVS)...

Goldman Sachs reiterated its Neutral rating on Rite Aid Corporation (NYSE: RAD). At the same time, Goldman raised its price target on the company's stock from $1.25 to $1.40. On Friday, Rite Aid closed the week at $1.20.

First Global is out with its report today on Walgreens (NYSE: WAG), reiterating Market Perform. In a note to clients, First Global writes, "WAG has decided not to renew its contract with pharmacy benefit manager, Express Scripts Inc. (NASDAQ: ESRX), with effect from January 1, 2012, due to...

Goldman Sachs has raised the price target on Rite Aid (NYSE: RAD) from $1.25 to $1.40 and maintains its Neutral rating.

Jefferies is out with its report today on Express Scripts (NASDAQ: ESRX), reiterating Buy. In a note to clients, Jefferies writes, "WAG (NYSE: WAG)/ESRX contract negotiations may be stalled for the moment but are far from dead. Potential earnings loss at WAG from a terminated ESRX relationship...

Last week (6/16/11), PowerShares rebranded seven of the nine ETFs in its suite of “Dynamic” style box ETFs as “Fundamental Pure” style box ETFs.  For some reason, the PowerShares Dynamic Large Cap Growth Portfolio (PWB) and PowerShares Dynamic Large Cap Value Portfolio (PWV) were excluded from this...

Shares of Rite Aid Corp (NYSE: RAD) gained about 3.5% after the company reported narrower-than-expected first-quarter loss. Rite Aid's quarterly narrowed to $65.5 million, or $0.07 per share, from $76 million, or $0.09 per share, in the year-earlier period. Its revenue came in at $6.39 billion....

Rite Aid Corporation (NYSE: RAD) today reported financial results for the first quarter ended May 28, 2011. The company reported revenues of $6.4 billion, a net loss of $63.1 million or $0.07 per diluted share and Adjusted EBITDA of $262.9 million or 4.1 percent of revenues. Results benefited from...

Rite Aid Corp (NYSE: RAD) reported narrower-than-expected first-quarter loss on Thursday. Rite Aid's quarterly narrowed to $65.5 million, or $0.07 per share, from $76 million, or $0.09 per share, in the year-earlier period. Its revenue came in at $6.39 billion. However, analysts were expecting a...

Rite Aid Corporation (NYSE: RAD) today reported financial results for the first quarter ended May 28, 2011. The company reported revenues of $6.4 billion, a net loss of $63.1 million or $0.07 per diluted share and Adjusted EBITDA of $262.9 million or 4.1 percent of revenues. Results benefited...

Discover Financial Services (NYSE: DFS) is projected to post its Q2 EPS at $0.70 on revenue of $1.70 billion. H&R Block Inc (NYSE: HRB) is expected to report its Q4 earnings at $2.15 per share on revenue of $2.32 billion. Oracle Corp (NASDAQ: ORCL) is estimated to post its Q4 earnings at $0...