10 Straight Rallies for ESRX

The stock market is gaining ground today after yesterday’s plunge. Of course, by plunge, I mean a very modest decline. But given this market’s hyper-low volatility, yesterday’s drop of 0.68% was the S&P 500’s worst daily decline since October 22.

Stryker (SYK) has been in the news lately as it seems they’re ready to strike for Smith & Nephew (SNN). I knew some kind of deal was coming, but I wasn’t sure what it would be. Shares of SNN gapped up to $37 per share last week, but have since slid back. Meanwhile, SYK is up to a new 52-week high. Expect to see a dividend increase soon.

Ford (F) reported another blah month for sales for November. Again, I’m not worried since consumers are holding back waiting for the new line of trucks to hit. The stock is holding up well and is closing in on $16 per share.

Shares of Express Scripts (ESRX) have closed higher for ten straight days, and they’re up again today.

This morning, the Census Bureau reported that October construction spending rose 1.1%. Despite the increase, this is one data series that’s not even close to its pre-crash high.

Posted by on December 2nd, 2014 at 12:26 pm


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