Muddled by inconsistent earnings and stock performances, one sector appears tougher and tougher to predict, CNBC's Jim Cramer says.» Read More
Nov 5- CVS Caremark Corp raised its profit forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions from new clients. Wall Street analysts expected $31.53 billion, according to Thomson Reuters I/B/E/S.
*Michael Kors climbs after earnings. *GT Advanced jumps on deal with Apple. "Ideally you want very slow growth, the market really likes that and the concern is that the market gets ahead of it," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
A flood of IPOs will make this the biggest week for offerings since 2006, and could swamp Twitter's buzz.
Lisa Gill, JP Morgan, and Ross Muken, ISI's Healthcare Services & Technology discuss why CVS is a buy and how the stock has outperformed.
*Michael Kors climbs after earnings. *GT Advanced jumps on deal with Apple. "For the market to continue along you actually need a combination of moderate news," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
U.S. stock index futures pointed to a lower open on Wall Street for Tuesday, as uncertainty over the next moves by international central banks weighed on investor sentiment.
Wall Street analysts expected $31.53 billion, according to Thomson Reuters I/B/E/S. CVS, which competes with Walgreen Co and Rite Aid Corp, earned $1.25 billion, or $1.03 per share, in the quarter, up from $1 billion, or 80 cents per share, a year earlier.
Some of the names on the move ahead of the open.
Nov 5- CVS Caremark Corp posted higher quarterly profit and raised its forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions.
It looks like next week could be a big week in the market. Are you ready?
We had a lot of fun on Halloween this year, and it's worth another look! "Talking Squawk" also looks at Apple's new iPad Air and Go Daddy driver Danica Patrick's new sponsor.
Cerberus and others are exploring a deal for Safeway, which could potentially shape up to be one of the largest buyouts since the financial crisis.
Costco says it will cooperate with the Drug Enforcement Administration in its ongoing investigation of prescriptions for controlled substances.
Oct 16- Costco Wholesale Corp said on Wednesday that it will cooperate with the U.S. Drug Enforcement Administration in its ongoing investigation of prescriptions for controlled substances, after receiving subpoenas and warrants from the DEA.
Top food and drug store analyst, Meredith Adler, Barclays, shares why she thinks CVS is "properly valued" for any uncertainties that may be out there.
*Celesio CEO says "no urgent need" for alliance, tie-up. FRANKFURT/ PARIS, Oct 8- Largest U.S. drug distributor McKesson is in advanced talks to buy European rival Celesio for a possible 3.74 billion-euros, a media report said on Tuesday, sending the German company's shares surging as much as 21 percent.
Players who shrugged off the possibility of a federal debt default are now taking the danger seriously, causing an 'anxiety index' to spike.
Drugstores signed on to help educate consumers about Obamacare, but they have their sights set on the future business of these newly insured consumers.
Oct 1- Walgreen Co reported a much higher quarterly profit on Tuesday as it filled more prescriptions and enticed shoppers with offers and updated stores, and it said sales trends kept improving in September. Shares of Walgreen, the largest U.S. drugstore operator, were up 4.4 percent at $56.17 on the New York Stock Exchange after rising as high as $56.69.
A huge effort to persuade millions of Americans to buy insurance on Obamacare health exchanges is expanding with Tuesday's opening of enrollment.