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Stock Market & Financial Investment News

News Breaks
April 10, 2014
11:23 EDTRAD, CVS, WAGRite Aid hits 52-week high after results, sales view top estimates
Shares of retail drugstore Rite Aid (RAD) are rallying after the company's fourth quarter results and fiscal 2015 revenue outlook topped analysts' consensus estimates. WHAT'S NEW: This morning, Rite Aid reported fourth quarter adjusted earnings per share of 10c and revenue of $6.6B, compared to expectations of 4c and $6.54B, respectively. Q4 same store sales increased 2.1%. Rite Aid forecast FY15 EPS of 31c-42c, compared to the consensus of 35c. FY15 revenue was seen at $26B-$26.5B, ahead of the consensus $25.75B. FY15 same-store sales are expected by the company to be up 2.5%-4.5%. WHAT'S NOTABLE: Rite Aid also announced it has acquired RediClinic, which currently operates 30 clinics in the greater Houston, Austin and San Antonio areas. Rite Aid CEO John Standley said, “Our recent acquisitions of Health Dialog and RediClinic, our expanded partnership with McKesson and our continued commitment to investing in our store base have positioned us to transition our strategy from turnaround to growth as we more aggressively pursue opportunities to become a growing retail healthcare company.” PRICE ACTION: In late morning trading, Rite Aid rose 71c, or about 11%, to $7.11 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $7.39. Including today's advance, the stock is up approximately 300% over the past twelve months. OTHERS TO WATCH: Other retail drugstore operators include Walgreen Company (WAG) and CVS Caremark (CVS).
News For RAD;WAG;CVS From The Last 14 Days
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June 24, 2015
10:19 EDTRADOptions with decreasing implied volatility
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08:33 EDTCVSCVS Health enters into four new clinical affiliations
CVS Health has entered into new clinical affiliations with Sutter Health in California, Millennium Physician Group in Florida, Bryan Health Connect in Nebraska and Mount Kisco Medical Group, PC in New York. Through these clinical affiliations, CVS Health will provide prescription and visit information to the participating health care organizations.
June 23, 2015
10:54 EDTCVSCVS Health expects to complete $5B in share repurchases in 2015
10:40 EDTCVSCVS Health sees Omnicare transaction closing by end of year
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10:31 EDTCVSCVS Health names Norman de Greve as Chief Marketing Officer, effective July 15
CVS Health announced that Norman de Greve will join CVS Health as Chief Marketing Officer, effective July 15. In this role, de Greve will be accountable for marketing strategy across the enterprise. He is currently the President of the Boston and Detroit offices of DigitasLBi.
10:30 EDTRADOptions with decreasing implied volatility
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June 22, 2015
10:21 EDTRADOptions with decreasing implied volatility
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June 19, 2015
16:24 EDTCVSStocks end week higher after Fed reassures on gradual pace of rate increases
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13:38 EDTRADOptions with decreasing implied volatility
Options with decreasing implied volatility: QIHU PIR RHT BLUE KMX RAD KBH ADBE ACM KR
10:48 EDTRADStocks with call strike movement; RIG RAD
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June 18, 2015
12:04 EDTRADActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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10:01 EDTCVSOn The Fly: Analyst Initiation Summary
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09:44 EDTRADRite Aid falls, levels to watch
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09:35 EDTRADActive equity options trading on open
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09:04 EDTRADOn The Fly: Pre-market Movers
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07:38 EDTCVSLeerink to hold a roundtable
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07:04 EDTRADRite Aid cuts FY16 EPS view to 14c-22c from 19c-27c
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07:01 EDTRADRite Aid reports Q1 EPS 2c including items, consensus 3c
EPS includes 2c on an after-tax basis, incurred in connection with the company’s pending acquisition of EnvisionRx. These incremental costs were partially offset by an increase in Adjusted EBITDA. Reports Q1 revenue $6.6B, consensus $6.65B. Reports Q1 SSS up 2.9%, consisting of a 0.6% increase in front-end sales and a 3.9% increase in pharmacy sales.
June 17, 2015
16:22 EDTCVSCVS Health initiated with an Outperform at Oppenheimer
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15:16 EDTRADNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Rite Aid (RAD), consensus 3c... Kroger (KR), consensus $1.22.
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