Services Roundup: CVS Caremark (NYSE:CVS) Rallies on Bubbly Outlook, Best Buy (NYSE:BBY) Shines on Takeover Offer by Founder

  on Dec 14,2012 Posted in Business News ,Featured
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A bubbly guidance from CVS Caremark (NYSE:CVS) gave the pharmacy retailer’s shares a booster on Thursday however investors were not excessively jovial from the news.

CVS hopes revised earnings in2013 to come in a range of $3.84 to $3.98 per share. Experts surveyed by FactSet had estimated, on average, earnings of $3.79 per share. The Woonsocket, R.I.-located firm further stated that GAAP earnings should arrive at $3.59 to $3.73 per share, while the FactSet forecast had been $3.57 per share.

In last trading session, CVS Caremark Corporation (NYSE:CVS) jumped +2.02% to close at $48.50 and its total volume during last trading session was 16.34 million shares. Its opening price was $49.30 and its shares hit the day high price of $49.80 and day low of $48.17.

Best Buy co. (NYSE:BBY) shares popped up on Thursday following Minneapolis Star Tribune announced that the firm’s founder Richard Schulze would make a completely financed bid to purchase the electronics retailer by the conclusion of the week.

On Thursday, experts at Goldman Sachs lifted ratings of Yum Brands (NYSE:YUM) to buy from neutral and stated that the restaurant operator ranks as the premier rising growth performance in restaurants.

Best Buy Co., Inc.(NYSE:BBY) moved up +15.93% with the closing price of $14.12. The overall volume in the last trading session was 44.06 million shares. Its fifty two week range was $11.41-$27.95.

BBY is ahead of its 52 week low with 25.49% and its last month’s price volatility remained 5.60%. Its beta coefficient was 1.33 with a target price of $14.00. In its share capital BBY has 338.09 billion outstanding shares while 268.92 billion shares have been floated in market.

Yum! Brands, Inc. (NYSE:YUM) surged +0.24% and closed at $67.80 with the total traded volume of 4.27 million shares. Stock’s 52 weeks high price was $74.75 and 52 weeks low price was $57.45.

YUM has outstanding shares of 451.81 million with the total market capitalization of $449.53 billion.

Wal-Mart Stores, Inc. (NYSE:WMT)

Shares of Wal-Mart Stores, Inc.(NYSE:WMT) traded in a range of $69.00 to $69.36, completing the day up $0.10, or 0.15% to $69.04. The total volume of shares exchanged was 14.25 million. The stock was at 18.38% as on Dec13, 2012 for this year as compared to 18.38% in the last 12 months. The company established a 52-week high of $77.60 on Oct 16, 2012 and is now 23.21% up than that level.

McDonald’s Corporation (NYSE:MCD)

The stock has now dropped about -9.97% from its record high price level, and has declined by -8.27% for this year. It closed at $89.17, trading -0.76% below its 200 day moving average and +3.25% above its 20 day moving average. Latest close brings its distance from its 52-week low at +8.00%. The stock has a PE ratio and their market value is $89.52B.




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