Pfizer on Monday named a new chief financial officer with a resume that hints at the company’s plans to spend big with its Covid-19 vaccine windfall. David Denton is taking up the CFO role at Pfizer (...
Tag: Pharmacies/Drug Stores
Rite Aid stock plunges after Deutsche Bank cuts target to $1, warns of a ‘dramatic negative inflection point’
Shares of Rite Aid Corp. plunged toward a 2 1/2-year low Thursday, after Deutsche Bank analyst George Hill issued a dire warning that the drugstore chain’s equity could be worthless. Hill cut his rati...
Walgreens Earnings Top Estimates but Its Outlook Crushes the Stock.
Text size Walgreens delivers a second-quarter earnings beat. (Photo by Justin Sullivan/Getty Images) Justin Sullivan/Getty Images Walgreens Boots Alliance tumbled Thursday after investors were disappo...
It’s the beginning of the end of globalization, say BlackRock’s Larry Fink and Oaktree’s Howard Marks
“The magnitude of Russia’s actions will play out for decades to come and mark a turning point in the world order of geopolitics, macroeconomic trends, and capital markets.” That was Larry Fink, CEO of...
CVS Stock Is Dropping After Earnings Topped Expectations
Text size CVS stock is falling after earnings. Bryan Bedder/Getty Images for CVS Pharmacy CVS Health stock was falling after reporting better-than-expected earnings Wednesday but confirming full-yea...
Brace for a volatile 2022, but cling to this tech stalwart when the storm comes, says investment adviser
The pain is piling up for equity investors after the long U.S. holiday weekend, with bond yields at levels not seen since early 2020, and oil prices tapping 2014 highs. The pace of Federal Reserve mon...
Five overlooked tech stocks poised to be the ‘household names of the future,’ according to this money manager
A much-needed market distraction from the churn of inflation worries is getting under way, but it’s not looking like what investors were hoping for as some big bank names are sliding on disappointing ...