Those were the words spoken by Walgreens Boots Alliance (NASDAQ:WBA) CEO Stefano Pessina when asked about Amazon.com's (NASDAQ:AMZN) acquisition of online pharmacy PillPack during Walgreens' Q3 earnings call Thursday morning. While Pessina was speaking, t
Numis Securities upgraded shares of Thomas Cook Group (LON:TCG) to a buy rating in a report issued on Wednesday. The firm currently has GBX 154 ($2.04) price objective on the travel company’s stock, down from their previous price objective of GBX 159 ($2.10).
For a few years now, as I was covering the shale industry, I made it a point to highlight the need to pay very close attention to differing acreage quality within companies and between companies. It is a very important indicator of future profitability, which has been a very contentious issue in the past few years, as well as production growth prospects.
In the energy business, it is all about cash flow. Too many energy firms today have forgotten that simple fact. They finance their drilling with debt, then bow to Wall Streets insistence that they return profits to investors with dividends and share buybacks.
Thats an OK plan if you are Exxon (NYSE:XOM) or Chevron (NYSE:CVX) and you enjoy the kind of rating from Moodys, S&P, and Fitch....More>>>
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., left, plays table tennis with Billionaire Bill Gates, chairman and founder of Microsoft Corp. and Berkshire board member, on the sidelines the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 1, 2016. Dozens of Berkshire Hathaway subsidiaries will be showing off their products....More>>>
SAUSALITO, Calif. Maurizio Reggiani, the director of research and development for storied Italian supercar builder Lamborghini, takes in the knife-edge lines of his latest creation, the $275,000 Huracan Performante. He is pleased.
“This car represents so much of what we are,” says Reggiani, who joined CEO Stefano Domenicali for a breakfast interview with USA TODAY Tuesday. “We....More>>>
It may be a new year, but Russia makes no secret of its long-term dissatisfaction with U.S. politics, the dollar and, by extension, U.S. monetary hegemony in the world.
Russia has been under U.S./Western economic sanctions for over three years. Meanwhile, oil prices have been lower for longer, as the saying goes, due to global competition for market share from U.S. fracking. The overall impact....More>>>
U.S. equities were hit hard on Tuesday as traders returned from the long Labor Day holiday weekend, pushing stocks back toward the mid-August lows. With summer vacations over, children back in school and September’s history as the single worst month of the year for stocks seasonally speaking, traders were already on edge.
Increasing bluster from North Korea — including claims....More>>>
Exxon Mobil (NYSE:XOM) just reported earnings and the Street is selling on the news. The energy sector as a whole was getting beat up last week, and this is the first substantial selloff we have seen in the name for some time. We like to look at the name from a long-term perspective, and that necessitates that we have a solid grasp on the fundamentals of the name, especially since this is the one....More>>>
Oil tallied a third straight gain Wednesday, with U.S. prices settling at a five-week high and Brent at its highest since April, buoyed by a report from the International Energy Agency that showed global crude production fell for the first time in four months in August.
Traders also weighed weekly data from the U.S. government which revealed a smaller-than-expected rise in crude supplies,....More>>>
Source: ThinkstockMay 9, 2017: The S&P 500 closed relatively lower on the day at 2,396.84. Separately the DJIA closed lower at 20,974.61. The Nasdaq was actually up on the day at 6,120.59 hitting another intraday high.
Tuesday was another flat day for the markets, with oil giving back some of its Monday gains. Oil & gas stocks were largely down on the day contributing to the drop....More>>>
News stories about Basic Energy Services (NYSE:BAS) have trended positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable.....More>>>
On Monday, Bank of America Corp (NYSE:BAC) reported fiscal first-quarter results. The banking giant beat on both earnings per share and revenue expectations. Despite the good results, BAC stock was down in early Monday trading before rallying about 1% in the afternoon.
When an investor buys gold or anexchange-traded fund (ETF) that holds the precious metal, they're hoping to profit alongside an anticipated rise in its price. However, when an investor buys a gold mining stock, they're often seeking a much higher return driven by the view that the rising value of
RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 15,850 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $128.60, for a total value of $2,038,310.00. The transaction was disclosed in a fili
Brokerages predict that AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) will announce $157.73 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for AMAG Pharmaceuticals’ earnings, with the lowest sales estimate coming in at $147.00 mill