No matter how busy she is, and even when she’s on vacation, Erin McLeod stops every night at 10 p.m. to make a phone call. On the other end is her 104-year-old friend, Henrietta Daytz, in her assisted-living facility in Sarasota, Fla. McLeod asks about Henriettas day and wishes her a good night. Shes like family now, says McLeod, president of the Senior Friendship Centers in Florida, which....More>>>
A few days ago, an article about Nike (NYSE:NKE) argued that “Nike’s shares aren’t priced to buy.” The reasoning was that “Nike is, at best, fairly valued. And it certainly isn’t trading hands at fire-sale prices.” The question is: should you expect (and wait for) fire-sales prices? Most value investors know the maxim that it is better to buy a great business....More>>>
Make way for some waves. CVS Health (CVS) and Express Scripts (ESRX) have released their formulary exclusion list for 2017, which details which prescription drugs will not be covered by health plans.
Why do we care? Commercial payors have been showing signs of pushing back against high drugs costs, which is a huge concern for drug companies and their investors. The coverage list determines....More>>>
Is it possible to begin with nothing and acquire wealth in America? Is it still possible today? I've been studying that question for almost 20 years. And the answer is unequivocal: It is. It is still possible for ordinary, wage-earning Americans to become wealthy. From my research, I have seen that there are basically three ways to get rich: 1. Slowly (in....More>>>
After U.S. markets closed Monday and were opening in the Far East, test data inadvertently went live causing some Nasdaq stock quotes to be reported incorrectly. No actual trades were affected, however, and the glitch did not affect quotes on any NYSE stock.
The faulty data reset the per share price for several stocks at exactly $123.47. That caused Apple Inc. (NASDAQ: AAPL) to drop 14%,....More>>>
Non farm payroll numbers certainly disappointed Friday with the USD selling off following the report. Nonetheless, it is important to note that after revisions, an average of 232,000 jobs have been created over the last three months which is a very healthy pace of hiring.
Whilst hiring has been healthy over the last three months, low wage growth and underemployment continues to suggest the....More>>>
Kohls (KSS) is rising on Thursday, following its better-than-expected fourth quarter.
The retailer said it earned $1.44 a share on revenue that fell 2.8% year over year to $6.21 billion. Analysts were expecting earnings of $1.33 a share on revenue of $6.21 billion. Same-store sales slipped 2.2% in the quarter.
For the full year, Kohls said that it expects....More>>>
Citigroup’s Alastair Syme and Fernando Valle point to ConocoPhillips’ (COP) plan to sell “stranded” assets as the one big surprise from the oil giant’s investor update yesterday. They explain:
Agence France-Presse/Getty Images
The core elements of Conocos strategy update had by and large been flagged to the market through the course of this year....More>>>