Posted in company, funds, sectors, tickers

Profit Recovery

AmerisourceBergen Corp (ABC) reported fiscal first-quarter 2017 revenue surged 4% to $38.2 billion on the year. The prescription medicines distributor earned $247.2 million compared to $145.7 million in prior quarter and $330.4 a year ago. Shares have jumped 7% so far this year while S&P 500 gained 2%. The stock’s near-term upside is at least 9.6%.

Posted in company, funds, sectors, tickers

Stitch in Time

Private company Primark Stores Ltd operates more than 300 stores in ten countries across Europe while growing its presence in the US as well. Competition may intensify for publicly-traded retailers in what is deflationary apparel momentum and higher expenses into rent and IT, and wage pressure.