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News Summary (PDCO, SAB)
Thursday, May 20, 2010 - 11:23am | 308The Conference Board announced today that the index of the US leading economic indicators declined 0.1% in April. After March 2009, this is the first monthly decline. Analysts were expecting the index to rise by 1.3%. The board believes that the economic recovery slated in the markets may lose its...
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Calls Sold on AmerisourceBergen (ABC)
Wednesday, May 19, 2010 - 1:10pm | 119Shares of AmerisourceBergen Corporation (NYSE: ABC) are falling today by 0.32% today, currently trading $31.19. The stock has been screaming higher over the past year, rallying from $17.50 as recently as last July. The stock may be selling off today, but it is still trading above the 50-day moving...
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Auriga Maintains Buy Rating On McKesson Corporation (MCK)
Wednesday, May 19, 2010 - 11:37am | 85Analyst Gene Mannheimer at Auriga has released an update on McKesson Corporation (NYSE: MCK). The company has announced a $1 billion stock buyback program. According to Auriga, the announcement gives a message that the company believes it can generate greater shareholder value by deploying its...
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Guy Adami Likes MCK
Wednesday, May 12, 2010 - 7:17pm | 122Guy Adami said on CNBC's Fast Money that he likes McKesson Corporation (NYSE: MCK). McKesson (MCK) closed at $69.06 today, and Guy Adami thinks that investors should be careful at these levels and buy MCK if it breaks above $70. Guy Adami added that MCK trades at 13.5X 2011 earnings, which makes it...
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McKesson Shares Jump Following Goldman Upgrade
Wednesday, May 12, 2010 - 1:42pm | 108According to Dow Jones, Shares of McKesson (NYSE: MCK) made substantial gains today, rising as Goldman Sachs (NYSE: GS) raised its rating on the drug-distribution giant. The company's gains came as the sector shared in a broader market surge, although health care was far from among the top-ranked...
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MCK Upgraded To Conviction Buy At Goldman
Wednesday, May 12, 2010 - 6:50am | 51Analysts at Goldman Sachs upgrade McKesson (NYSE: MCK) from "neutral" to "conviction buy." The target price for MCK has been raised from $70 to $80. MCK’s shares dipped 0.59% to close at $66.10 yesterday. More Analyst Ratings here
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Safety Trade Gold All-Time High 05-11-2010
Tuesday, May 11, 2010 - 6:20pm | 717Cusick’s Corner The market made a valiant attempt to break to the upside, but upside resistance of 1177 on the SPX (the level of that big drop which started last week) was not broken and the safety trade, Gold QOM10 $1233.50 +32.75, is at all-time highs. From a technical perspective, this short-...
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Inflation & Deflation Fighters 05-11-2010
Tuesday, May 11, 2010 - 2:53pm | 770Cusick’s Corner Today’s market action is precarious at best. The Euro is still down, gold at almost all-time highs, and stocks are still running to the upside. As a trader, when the market and policy action are not making much sense, one must really shore up risk and capital management. On the...
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Bears Attack Cardinal Health
Tuesday, May 11, 2010 - 10:30am | 116Shares of Cardinal Health Inc. (NYSE: CAH) may be trading slightly higher this morning to $34.99, but options volume is growing on the put side. The June $35 put was purchased over 4,000 times a short while ago. This action significantly exceeded open interest on the line, indicating new, bearish...
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Top Dog Stocks
Thursday, May 6, 2010 - 2:25am | 772Dog lovers really love their dogs. They pay $14,000 for dog houses, $3900 for silver dog collars, and designer clothes for dogs. Dog fans have paid handsomely for dogs, as much as $580,000 for a dog. So what are the top dog stock plays, and I'm not talking about the 'dogs of the Dow.' Dogs are big...
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Top Performing Industries For May 4 (MCK, WMT, CAB, HSP, BTI)
Tuesday, May 4, 2010 - 1:50pm | 269At 11:56 a.m., Dow lost 218.64, or 1.96%, to 10,933.19, while the broader Standard & Poor's 500 index dipped 26.45, or 2.20%, to 1,175.81. The Nasdaq composite index lost 73.46, or 2.94%, to 2425.28. The industries that are driving the market today are: Drugs Wholesale: The top gainer of the...
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Goldman Ups Estimates for McKesson Corp.
Tuesday, May 4, 2010 - 9:35am | 79Shares of McKesson Corp. (NYSE: MCK) are on the rise this morning after Goldman Sachs upgraded its FY2011/FY2012/FY2013 estimates for the stock. McKesson reported Q4 earnings that were below the Street’s estimates, but the addition of FY2011 guidance is sparking a rally and Goldman believes the...
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Benzinga's After Hours Gainers (MCK, BGP, NTRI)
Monday, May 3, 2010 - 5:51pm | 204Among the stocks that have been moving higher in the after hours trading session today are McKesson Corporation (NYSE: MCK), Borders Group (NYSE: BGP), and NutriSystem Inc. (NASDAQ: NTRI). McKesson (MCK) released their quarterly earnings after the closing bell. The company reported earnings per...
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Stocks To Watch For May 3, 2010 (MCK, APC, CLX, PBI, PFG)
Monday, May 3, 2010 - 6:47am | 175McKesson Corp (NYSE: MCK) is expected to post an EPS of $1.29 for the fourth quarter. MCK soared 0.48% to $65.12 in after hours trading. Pitney Bowes Inc (NYSE: PBI) is likely to report an EPS of $0.53 for the first quarter. PBI lost 1.74% to close at $25.40 on Friday. Analysts are expecting...
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Benzinga’s Top Upgrades (SON, COLM, PMC, PFG, HSY)
Friday, April 23, 2010 - 10:32am | 187Sonoco Products Co (NYSE: SON) was upgraded by Deutsche Bank from “hold” to “buy.” Shares of SON have climbed 3.84% to $34.03 at 8:41 am EST. SON’s quarterly earnings growth is 29.81% y/y. Columbia Sportswear Company (NASDAQ: COLM) has been upgraded to “hold” from “sell” by Citigroup. COLM’s shares...