Closing Bell
Small Cap (Penny stocks)
Mid Caps
8.16.05
Quick Analysis
Caremark Rx, Inc.
•
It's a prescription benefits manager, or PBM, the middleman between drug manufacturers and health insurance plans.
•
The Nashville, Tenn., company buys drugs directly from manufacturers and distributes them through a national network of more than 57,000 pharmacies and mail-order offices.
•
The company last year managed more than 480 million prescriptions for individuals from more than 2,000 corporations, insurance companies, managed-care providers and government health plans.
•
Second-quarter profit rose 53% on strong growth in mail-pharmacy revenue. Analysts predict Caremark and other prescription-benefits managers will continue to see growth in mailing drugs because it's more cost-effective and convenient for plan members.
•
The strong second quarter prompted the company to raise its full-year earnings forecast. But it said 2006 would be a transition year, as Medicare gears up to provide drug coverage for seniors for the first time and the company assesses the impact.
•
The company is using profits to retire long-term debt and buy back shares..
•
According to Zacks, the average brokerage recommendation on Caremark RX is moderate buy.
•
Caremark Rx on Aug. 16 was rated 9 out of 10 on StockScouter.
Quote Detail Company News Interactive Charts
Motorola, Inc.
•
The Schaumburg, Ill., company is one of the world’s biggest suppliers to the wireless industry. Motorola also makes cell phones and two-way radios.
•
Motorola shares hit a four-year high after the company said profits increased in the second quarter on strong sales of its ultra-slim Razr handsets and other new products. It was its seventh-consecutive solid quarter.
•
It solidified its No. 2 position in the global handset market at the expense of smaller rivals like Samsung. Motorola had 18% of global mobile-phone sales in the second quarter. Market leader Nokia had a 33% market share.
•
The company recently said it is launching a handset, called the Q, that aims to compete with the popular BlackBerry wireless e-mail device.
•
Motorola is also planning to launch a new phone that will play digital music downloaded from Apple Computer's iTunes online music site.
•
According to Zacks, the average brokerage recommendation for Motorola is moderate buy.
•
Motorola on Aug. 16 was rated 9 out of 10 on StockScouter.
Quote Detail Company News Interactive Charts
The Bank of New York Co.
•
It's the nation's oldest bank. It has 340 branches in the New York metropolitan area offering traditional banking, insurance, and investment services.
•
The company has acquired dozens of businesses over the past decade as it moves to derive an increasing percentage of its earnings from businesses that provide fee revenues. Bank of New York has picked up several corporate trust and custody operations from other large banks.
•
Bank of New York's retail banking operations face fierce competition from rival consumer banks that have flocked to the New York City area hoping to snag footholds in the affluent metro area, The Associated Press said. Bank of New York has largely sat on the sidelines of this retail activity, the AP said, prompting some industry watchers to speculate the bank might sell its retail banking business, operations that could fetch up to $5 billion.
•
Fries has a low risk rating on the stock and a 12- to 18-month price target of $40.
•
According to Zacks, the average brokerage recommendation for Bank of New York is moderate buy.
•
Bank of New York on Aug. 16 was rated 6 out of 10 on StockScouter.
Quote Detail Company News Interactive Charts
==========================================================
More Americans are getting their prescription drugs in the mail thanks to a drive to hold down health care costs by Caremark Rx (CMX, news, msgs) and other pharmacy benefits managers.
Mail-order providers controlled 17% of the market in 2004, up from 12% in 1996. Caremark benefits directly from the trend -- the company posted record second-quarter profit on strong growth in mail-order revenue.
Portfolio manager William Fries offered Caremark Rx as an exclusive pick for readers of CNBC.com on MSN Money. Fries runs the Heritage Growth and Income Trust (HRCVX), up 6.1% year to date and up 2.5% on an annualized basis over five years.
Fries also recommended Motorola (MOT, news, msgs) as an exclusive pick. And he recommended three stocks Tuesday to viewers of "Closing Bell": Bank of New York (BK, news, msgs), Dow Chemical (DOW, news, msgs) and Lloyds TSB Group (LYG, news, msgs).
Small Cap (Penny stocks)
Mid Caps
8.16.05
Quick Analysis
Caremark Rx, Inc.
•
It's a prescription benefits manager, or PBM, the middleman between drug manufacturers and health insurance plans.
•
The Nashville, Tenn., company buys drugs directly from manufacturers and distributes them through a national network of more than 57,000 pharmacies and mail-order offices.
•
The company last year managed more than 480 million prescriptions for individuals from more than 2,000 corporations, insurance companies, managed-care providers and government health plans.
•
Second-quarter profit rose 53% on strong growth in mail-pharmacy revenue. Analysts predict Caremark and other prescription-benefits managers will continue to see growth in mailing drugs because it's more cost-effective and convenient for plan members.
•
The strong second quarter prompted the company to raise its full-year earnings forecast. But it said 2006 would be a transition year, as Medicare gears up to provide drug coverage for seniors for the first time and the company assesses the impact.
•
The company is using profits to retire long-term debt and buy back shares..
•
According to Zacks, the average brokerage recommendation on Caremark RX is moderate buy.
•
Caremark Rx on Aug. 16 was rated 9 out of 10 on StockScouter.
Quote Detail Company News Interactive Charts
Motorola, Inc.
•
The Schaumburg, Ill., company is one of the world’s biggest suppliers to the wireless industry. Motorola also makes cell phones and two-way radios.
•
Motorola shares hit a four-year high after the company said profits increased in the second quarter on strong sales of its ultra-slim Razr handsets and other new products. It was its seventh-consecutive solid quarter.
•
It solidified its No. 2 position in the global handset market at the expense of smaller rivals like Samsung. Motorola had 18% of global mobile-phone sales in the second quarter. Market leader Nokia had a 33% market share.
•
The company recently said it is launching a handset, called the Q, that aims to compete with the popular BlackBerry wireless e-mail device.
•
Motorola is also planning to launch a new phone that will play digital music downloaded from Apple Computer's iTunes online music site.
•
According to Zacks, the average brokerage recommendation for Motorola is moderate buy.
•
Motorola on Aug. 16 was rated 9 out of 10 on StockScouter.
Quote Detail Company News Interactive Charts
The Bank of New York Co.
•
It's the nation's oldest bank. It has 340 branches in the New York metropolitan area offering traditional banking, insurance, and investment services.
•
The company has acquired dozens of businesses over the past decade as it moves to derive an increasing percentage of its earnings from businesses that provide fee revenues. Bank of New York has picked up several corporate trust and custody operations from other large banks.
•
Bank of New York's retail banking operations face fierce competition from rival consumer banks that have flocked to the New York City area hoping to snag footholds in the affluent metro area, The Associated Press said. Bank of New York has largely sat on the sidelines of this retail activity, the AP said, prompting some industry watchers to speculate the bank might sell its retail banking business, operations that could fetch up to $5 billion.
•
Fries has a low risk rating on the stock and a 12- to 18-month price target of $40.
•
According to Zacks, the average brokerage recommendation for Bank of New York is moderate buy.
•
Bank of New York on Aug. 16 was rated 6 out of 10 on StockScouter.
Quote Detail Company News Interactive Charts
==========================================================
More Americans are getting their prescription drugs in the mail thanks to a drive to hold down health care costs by Caremark Rx (CMX, news, msgs) and other pharmacy benefits managers.
Mail-order providers controlled 17% of the market in 2004, up from 12% in 1996. Caremark benefits directly from the trend -- the company posted record second-quarter profit on strong growth in mail-order revenue.
Portfolio manager William Fries offered Caremark Rx as an exclusive pick for readers of CNBC.com on MSN Money. Fries runs the Heritage Growth and Income Trust (HRCVX), up 6.1% year to date and up 2.5% on an annualized basis over five years.
Fries also recommended Motorola (MOT, news, msgs) as an exclusive pick. And he recommended three stocks Tuesday to viewers of "Closing Bell": Bank of New York (BK, news, msgs), Dow Chemical (DOW, news, msgs) and Lloyds TSB Group (LYG, news, msgs).
posted by WallStWizKid at 4:11 PM
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