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Publishing Industry Review and Outlook - July 2010 - Industry Outlook
Tuesday, July 6, 2010 - 1:06pm | 1754The publishing industry has long been grappling with sinking advertising revenue, and the recent global economic meltdown has worsened the situation. This comes in the wake of a longer-term secular decline as more readers choose to get news free online, thereby making the print-advertising model...
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Highest Yielding Top Rated Stocks (there are only two)
Thursday, July 1, 2010 - 2:54pm | 345With the flack the credit rating agencies received during the recent financial collapse, it is interesting to see what their current ratings reveal. If you look at some of the major firms that rate stocks, and you look to see what stocks meet their highest ratings, you can get a good idea of what...
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Protection Purchased on Patterson Companies (PDCO)
Tuesday, June 29, 2010 - 1:14pm | 113Shares of Patterson Companies Inc. (NASDAQ: PDCO) are lower on the session by 2.66%, currently trading at $28.96. The stock has been trading largely lower over the past two months; it is now nearing a critical support level. Options traders are favoring the put side today. The July $30 put was...
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Mad Money Lightning Round OT: Cramer Is A Buyer Of Sprint (S) (NGG, MCK, CQP, S)
Wednesday, June 23, 2010 - 7:58pm | 192On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he likes National Grid plc (ADR) (NYSE: NGG), because of its gigantic yield. Before he recommends NGG as a buy, he wants to check if this yield is sustainable. McKesson Corporation (NYSE: MCK) is a perfect slow growth story, thinks Cramer...
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ABC’s Fundamentals Remain Strong
Tuesday, June 22, 2010 - 11:56am | 187Analysts at Citigroup maintain their "buy" rating on AmerisourceBergen Corp (NYSE: ABC), while raising their estimates for the company. The target price for ABC has been raised from $36 to $38. After a meeting with David Yost (CEO), Michael DiCandilo (CFO), and Steven Collis (President of Drug...
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Citi's Outlook For U.S. Pharmaceuticals (TEVA, BMY, ABT, MCK)
Monday, June 21, 2010 - 12:01pm | 127According to a report released by Citigroup (NYSE: C) today, the U.S. Major Pharmaceutical group is trading at 9.4x 2011 estimated EPS, representing a 24% discount to the S&P 500 on consensus EPS. Year to date, the group has underperformed the S&P by ~520 basis points. During today's...
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MCK’s HCIT Segment Has Shown Strong Momentum In Recent Bookings
Friday, June 18, 2010 - 11:38am | 167Analysts at Goldman Sachs reiterate their "buy" rating on McKesson Corp (NYSE: MCK). The target price for MCK is set to $86. The management has provided an update on the business and reaffirmed fiscal 2011 guidance at the investor day yesterday. The key takeaways for the analysts included: “(1)...
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Puts Purchased on AmeriSource Bergen (ABC)
Tuesday, June 15, 2010 - 12:21pm | 116Shares of AmeriSource Bergen Corp. (NYSE: ABC) are higher on the session by 0.19%, currently trading at $32.27. The stock has been running higher and higher over the past six months and is hitting new 52-highs. Options traders are continuing to purchase protection on the name. Today, the January...
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Company News for June 9, 2010 - Corporate Summary
Wednesday, June 9, 2010 - 10:14am | 211• Banco Santander plans to pay $2.5 billion to Bank of America (NYSE:BAC) for its stake in a Mexican unit • Eclipsys (NASDAQ:ECLP) plans to buy Allscripts (NASDAQ:MDRX) for $1.3 billion, or $22.10 per share • Cardinal Health (NYSE:CAH) plans to buy Health Solutions for $667 million • Texas...
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Patterson To Benefit From Improving Utilization Across Its Segments
Tuesday, June 8, 2010 - 12:39pm | 180Analysts at Jefferies & Co initiate coverage of Patterson Companies (NASDAQ: PDCO) with a "buy" rating. The target price for PDCO is set to $36. According to Jefferies, “Patterson should benefit from improving utilization in all three segments while remaining fairly immune to headline risks...
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Call Volume Growing on AmerisourceBergen (ABC)
Thursday, June 3, 2010 - 12:36pm | 110Shares of AmerisourceBergen Corp. (NYSE: ABC) are higher on the session by 1.01%, currently trading $32.05. The stock has been on an amazing run higher over the past six months and has never broken the 50-day moving averages in all that time. Call volume is growing on the name today, though much...
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PSS World Medical Given A ‘Buy’ Rating (PSSI)
Friday, May 28, 2010 - 2:05pm | 123PSS World Medical (NASDAQ: PSSI) has given strong revenue guidance for its next quarter. The company has reiterated its EPS estimate of $1.27-$1.31. PSS World Medical (PSSI) expects $2.07 billion in revenue, more than the Street estimate of $2.055 billion. The company’s revenue estimate is based on...
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A Look At Larry Robbins' Picks At The Ira Sohn Conference (MCK, LIFE, ESRX, FIS)
Thursday, May 27, 2010 - 2:25pm | 195Larry Robbins, who manages the highly successful Glenview Capital hedge fund, revealed some of his highest conviction ideas at the Ira Sohn Investment Conference yesterday. Robbins said that now is a great time for stock-picking, and that investors should buy definitive growth and avoid high...
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Fluor to Get $3B Contract - Analyst Blog
Wednesday, May 26, 2010 - 2:42pm | 403Fluor Corp. (FLR) won a chain of contracts from a joint venture comprising Saudi Arabian Mining Company and Alcoa. The company will be providing services for the development of the integrated Ras Az'Zawr aluminum complex. In the second quarter of 2010, Fluor anticipates booking of roughly $3.0...
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Fast Money Picks For May 21st (SU, TEVA, C, MCK)
Thursday, May 20, 2010 - 6:37pm | 152On CNBC's Fast Money, Gary Kaminsky said that Suncor Energy Inc. (USA) (NYSE: SU) is a buy. He thinks that crude oil has bottomed. Suncor (SU) dropped 4.68% today. Joe Terranova is bullish on Teva (NYSE: TEVA), while Pete Najarian is a buyer of McKesson Corporation (NYSE: MCK). TEVA lost 1.63%...