walgStock number one is:
Walgreen Co., (SYMBOL: WAG) and the headline says: Walgreens Boots 120,000 Employees Off Healthcare, Tells Them To Go Buy Their Own Plans – Democratic Underground
Walgreen Company plans to shift 120,000 employees to a private healthcare exchange, in a move designed to avoid the extraordinary financial burden of the Obama administration’s Affordable Healthcare Act. Walgreen will contribute a fixed amount toward the purchase of the health insurance, although whether employees will be able to afford to pay the rest of the bill will depend on their personal financial situations.
Earnings are expected to grow 11-15 percent per year over the next three years. The PE is 17.6 and the dividend yield is 2.3%.
Walgreen stock broke past long-term resistance last week. Growth & income investors have definitely not missed an opportunity to buy Walgreen shares and catch the next upward movement.
Our Ransom Note trendline says: BUY WALGREEN COMPANY.
Stock number two is:
FedEx Corp., (SYMBOL: FDX) and the headline says: FedEx profits rise 7 percent – News Daily
FedEx reported a good quarter, despite fuel surcharges, with lower pension and aircraft maintenance expenses. Citi Research was pleased with better-than-expected margins, income, and expenses, and commented, “We believe conservative guidance provides a clear runway of cost-driven improvement and potential outperformance in the coming quarters, and allows for further upside in an improving economy.”
2014 & ’15 earnings growth is expected at 12 and 25 percent. The PE is 16.3.
The share price is up 16% since we told investors to accumulate FedEx under $98 in early June. The stock broke out of a trading range today, and could reach $120 where it will hit long-term resistance.
Our Ransom Note trendline says..... BUY FEDEX.
Moody's Puts Puerto Rico on Downgrade to Junk Review Citing Very High Debt, Pension Obligations, Chronic Deficits; Exodus Underway | Mike Shedlock
Radical Capitalism: A remote Indonesian village runs its own telecommunications company. (From a laptop and a tree) | Nick Sorrentino
Open Letter to Obama and Congress From Internet Giants Calls For Reining In Government Surveillance | Nick Sorrentino
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino