Various Items

The stock market closed today at 4,436.52. That’s another all-time high.

I wanted to touch on a few issues that I couldn’t get to before.

Moody’s (MCO) said it’s buying RMS for $2 billion. RMS is a catastrophe risk management and modeling firm.

Ross Stores (ROST) said it will release its Q2 earnings on August 19.

Check Point Software (CHKP) expanded its share buyback program by $2 billion.

Barron’s printed an excerpt of Canaccord Genuity research on Cerner (CERN). Here’s a snippet:

We are raising our price target to $90, from $89. Cerner [a healthcare information-technology company] reported second-quarter results that beat estimates. It also updated 2021 guidance, with revenue growth maintained and adjusted EPS raised. For several years, Cerner has been refining and resizing its business. These efforts are beginning to take hold, with improved financial performance and new client wins, existing client extensions and expansions, and lower attrition. Longer term, the transformation efforts could accelerate revenue growth, as it is becoming clear that new processes are improving management’s ability to execute. Furthermore, there is continued opportunity for incremental R&D efficiencies. The company’s actions are clearly putting it in a better position to succeed.

Posted by on August 6th, 2021 at 5:17 pm


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