Health Care Distributors

Goldman Sachs is out with a research report this morning, where it reiterates its Neutral rating on Henry Schein (NASDAQ: HSIC); it has a $60.00 price target on the stock. The GS analysts said that, on a relative basis, they view Henry Schein's business as more linked to an economic recovery given...

Henry Schein (HSIC) has decided to acquire Australia based Provet Holdings for approximately $91 million. Provet is the largest veterinary products distributor in Australia having $278 million in revenues for the fiscal year ended in June 2010. While the deal is expected to be neutral to 2011 EPS...

MWI Veterinary Supply, Inc. (MWIV) is showing very consistent earnings growth as analysts and the company itself grow more and more bullish. Valuations are solid and now is a great time to get in ahead of the company's early November earnings report. MWIV is a Zacks #2 Rank (Buy) with great...

Following the regional HIMSS event, Jefferies & Company is recommending Allscripts Healthcare Solutions (NASDAQ: MDRX) and McKesson Corporation (NYSE: MCK). “On the physician side Allscripts (Buy) appeared to be the primary vendor used by attendees,” Jefferies & Company writes. “We...

Piper Jaffray has issued a research report on MWI Veterinary Supply (NASDAQ: MWIV) as the company is expected to continue to gain market share while anticipating very positive 4Q results. In a research report, Piper Jaffray writes "We remain Neutral with a positive bias toward shares of MWIV ahead...

Piper Jaffray has increased confidence on Animal Health International (NASDAQ: AHII) following the company's reporting of expansion in its sales' force. In its research report, Piper Jaffray writes "Better-than-expected feedlot placements, favorable output prices and recent sales force additions...

Cusick's Corner Buyers are showing more conviction today after the Bank of Japan voted today to cut its interest rate and increase liquidity by purchasing bonds and other asset backed securities, further fueling the idea that the US may have plans for Quantitative Easing. Some traders who were...

McKesson's (NYSE: MCK) EHR software will be tested by the Drummond Group starting in late November. The company expects the Horizon software to be tested in late November, the Paragon software to be tested in December and Practice Partner software to be tested in January. The company expects...

Shares of McKesson Corporation (NYSE: MCK) are lower on the session by 3.47%, currently trading at $60.00. The stock fell sharply this morning on word that a key customer has filed a lawsuit against the company for breech of contract. Option trading is favoring the puts, which is not surprising....

Shares of AmerisourceBergen Corporation (NYSE: ABC) are higher on the session by 0.82%, currently trading at $30.67. The stock has been moving largely higher over the past few weeks, off from recent lows near $27.00, though it is flirting with resistance as of late. Options traders are buying...

Cardinal Health (CAH), a leading distributor of pharmaceuticals and medical supplies, recently sold off the remaining 30.5 million shares of CareFusion Corporation (CFN) for $705.9 million. CareFusion, a San Diego-based vendor for medical equipment and infection control supplies, was spun off from...

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Below are the top drugs wholesale stocks on the NYSE and the NASDAQ in terms of dividend yield. Cardinal Health Inc (NYSE: CAH) has a dividend yield of 2.50%. CAH's shares closed at $32.98 yesterday. McKesson Corporation (NYSE: MCK) has a dividend yield of 1.20%. MCK's shares closed at $62.98...

By 12:18 pm, the Dow Jones Industrial Average was up 24.83 points, or 0.24%, to 10,551.32, while the broader Standard & Poor's 500 index had gained 0.68 points, or 0.06%. The NASDAQ composite index rose 6.18 points, or 0.27%. Some of the narrow based indexes that are supporting the market are...

Futures remain pretty strong with gains of about 1% heading into the open. The gap seems a bit fishy to me, but with this market, I don't put nothing past the bulls to rip off another big-gainer today. Be watchful of the 200-day moving average and whether the market can close above it. LONG: CONMED...