Cardinal Health’s stock surges after earnings, revenue rise above expectations

Cardinal Health’s stock surges after earnings, revenue rise above expectations
Shares of Cardinal Health Inc. CAH, +2.13% rallied 2.9% in premarket trade Thursday after the healthcare services company reported fiscal first-quarter profit and revenue that rose above expectations, boosted by strength in its pharmaceuticals business. Net income rose to $593 million, or $1.94 a share, from $115 million, or 36 cents a share, in the same period a year ago,... Read More

Stocks Rally As Midterm Election Results Match Expectations – U.S. Commentary

Stocks Rally As Midterm Election Results Match Expectations – U.S. Commentary
Stocks showed a significant move to the upside during trading on Wednesday, adding to the gains posted in the previous session. With the continued upward move, the Dow and the S&P 500 reached their best closing levels in nearly a month. The major averages ended the day just off their highs of the session. The Dow surged up 545.29 points... Read More

Stocks Continue To See Considerable Strength After Early Rally – U.S. Commentary

Stocks Continue To See Considerable Strength After Early Rally – U.S. Commentary
After moving notably higher early in the session, stocks continue to see considerable strength in mid-day trading on Wednesday. With the upward move, the Dow has reached its best intraday level in almost a month. In recent trading, the major averages reached new highs for the session. The Dow is up 312.33 points or 1.2 percent at 25,947.34, the Nasdaq... Read More

Stocks Climb Firmly Into Positive Territory In Morning Trading – U.S. Commentary

Stocks Climb Firmly Into Positive Territory In Morning Trading – U.S. Commentary
Stocks have shown a strong move to the upside in morning trading on Wednesday, adding to the gains posted in the previous session. With the upward move, the Dow has reached its best intraday level in almost a month. Currently, the major averages are firmly in positive territory. The Dow is up 225.11 points or 0.9 percent at 25,860.12, the... Read More

MiMedx stock plunges after receiving delisting notice from Nasdaq

MiMedx stock plunges after receiving delisting notice from Nasdaq
Shares of MiMedx Group Inc. MDXG, -34.73% plummeted 34% to pace all Nasdaq losers in morning trade Wednesday, after the biopharmaceutical company disclosed that the Nasdaq will suspend trading in its stock starting Nov. 8, ahead of a delisting. The delisting notice comes as the company has failed to regain compliance with Securities and Exchange Commission reporting obligations amid an... Read More

All’s Well With VCEL, Time To Keep MOR In Mind, MYL Pulls Off Surprise

All’s Well With VCEL, Time To Keep MOR In Mind, MYL Pulls Off Surprise
The following are some of today’s top gainers in the pharma/biotech sector. 1. Vericel Corp. (VCEL) Gained 44.28% to close Tuesday’s (Nov.6) trading at $16.65. News: The Company reported narrower loss on 58% revenue growth for the third quarter of 2018, and raised its full year revenue guidance. Net loss for the third quarter ended September 30, 2018 narrowed to... Read More

Pot stocks rally toward sixth-straight gain ahead of midterm elections

Pot stocks rally toward sixth-straight gain ahead of midterm elections
Shares of cannabis companies were broadly higher Tuesday, with the sector headed for a sixth-straight gain, as investors wait for election results to see if two more states–Michigan and North Dakota–will make recreational marijuana legal. The ETFMG Alternative Harvest ETF MJ, +4.21% ran up 4.0%, with 25 of 37 components trading higher. It has gained 19% amid a six-session win... Read More

CVS shares rise after earnings and sales beat consensus

CVS shares rise after earnings and sales beat consensus
CVS Health Corp. CVS, +0.82% shares rose 2.6% in Tuesday premarket trading after the pharmacy retailer reported third-quarter earnings and sales that beat consensus. Net income totaled $1.39 billion, or $1.36 per share, up from $1.29 billion, or $1.26 per share, last year. Adjusted EPS was $1.73. Revenue totaled $47.3 billion, up from $46.2 billion. And same-store sales rose 6.7%... Read More