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The Latest Breaking News from Cardinal Health Inc

1 Warren Buffett Stock to Buy for 2023 if You Haven't Already

With the Fed’s continued interest-rate hikes expected to keep markets in perpetual turmoil, it would be opportune to load up on McKesson (MCK). The recession-resistant medical services market leader’s enduring competitive advantages and attractive valuation have also earned it a place in the portfolio of Warren Buffett-led Berkshire Hathaway (BRK).…

StockNews.com

Getting Ready to Retire? 3 Stocks That Are Safe as They Come

Many market pundits expect a recession in 2023 as policymakers continue raising interest rates to cool the economy and quell inflation. Retirees looking for stable passive income might consider adding fundamentally sound dividend-paying stocks, Walmart (WMT), Kellogg Company (K), and Cardinal Health (CAH), to their portfolios now. Keep reading….

StockNews.com

4 Stocks That Are Too Good to Ignore Right Now

The Fed’s hawkish stance and decline in consumer spending indicate that the economy could soon tip into a recession. Therefore, investors should consider fundamentally sound stocks Cardinal Health (CAH), United Microelectronics (UMC), MasterCraft (MCFT), and GEE Group (JOB) now. Keep reading….

StockNews.com

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3 Stocks to Buy That Could Make You a Millionaire in the Long Term

Yesterday’s retail sales report showed that consumers pulled back on spending last month, raising fears of a recession. Moreover, the Fed signaled to keep raising rates more through the following year. Given an uncertain market backdrop, investors should buy fundamentally sound and dividend-paying stocks Johnson (JNJ), Coca-Cola (KO), and Cardinal…

StockNews.com

3 Top Stocks to Buy When the Going Gets Tough

With the Fed expected to announce a 50-bps rate hike this week, concerns regarding target interest rates are set to keep markets on edge well into the next year. Hence, it could be wise to invest in Microsoft (MSFT), Sysco (SYY), and Cardinal Health (CAH), which are well-positioned to weather…

StockNews.com

4 Stocks That Can Weather Any Market Storm

Persistently high inflation and the Federal Reserve’s hawkish stance to handle it has resulted in significant market volatility this year. Moreover, experts amplified their warnings of a recession next year. Given the uncertain market backdrop, it could be wise to invest in fundamentally sound and resilient stocks, Johnson & Johnson…

StockNews.com

3 Stocks to Buy Now That Could Make You Filthy Rich in 2023

With inflation starting to ease, the Fed is expected to slow down the rate hikes. However, many analysts still believe the economy will face a mild recession next year. Thus, investors looking for steady returns could buy fundamentally strong stocks such as Ambev S.A.(ABEV), Cardinal Health (CAH), and Universal Logistics…

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3 Buy-Rated Stocks That Recently Increased Dividends

Concerns over the Fed’s aggressive interest rate hikes and the possibility of the economy sliding into a recession have driven immense market volatility of late. Amid this backdrop, dividend-paying stocks Cardinal Health (CAH), Investar Holding (ISTR), and National Healthcare (NHC), which have recently increased dividends, could be ideal investments to…

StockNews.com

2 Buy-Rated Stocks That Recently Declared a Dividend Increase

Because recession concerns could keep the overall stock market under pressure in the near term, it could be wise to bet on dividend stocks to secure a steady portfolio income stream. So, we think it could be wise to scoop up shares of Cardinal Health (CAH) and Phillips 66 (PSX),…

StockNews.com

Walgreens Announces $683M Opioid Settlement With Florida

Walgreens Boots Alliance Inc (NASDAQ:WBA) has reached a $683 million settlement with Florida to resolve claims that the pharmacy chain exacerbated an opioid epidemic in the state. The settlement includes $620 million to be paid to Florida over 18 years, plus $63 million for legal fees. The settlement ends a trial that began…

Benzinga

Cardinal Health's Shares Fall as Inflation and Supply Chain Constraints Hit Q3 Earnings

Cardinal Health Inc (NYSE:CAH) has reported Q3 FY22 adjusted EPS of $1.45, down 5% Y/Y, missing the consensus of $1.52 Q2 sales increased 14% Y/Y to $44.8 billion, beating the consensus estimate of $43.16 billion. The pharmaceutical segment increased 17% to $41 billion, driven primarily by branded pharmaceutical sales growth from large…

Benzinga

4 Incredibly Cheap Large-Cap Stocks to Buy Now

The stock market has been faced with significant volatility on concerns over surging inflation, the Fed’s anticipated interest rate hikes, and continuing geopolitical instability. However, the market selloffs have created an attractive opportunity to buy quality large-cap stocks at low prices. We believe fundamentally sound large-cap stocks Bristol (BMY), Micron…

StockNews.com

Washington, Drug Distributors Reach $518M Settlement For Opioid Claims

Washington has reached a $518 million settlement with drug distributors McKesson Corporation (NYSE:MCK), AmerisourceBergen Corp (NYSE:ABC), and Cardinal Health Inc (NYSE:CAH) to resolve opioid-related claims. Washington opted out of a $26 billion nationwide opioid settlement involving the three drug distributors and Johnson & Johnson (NYSE:JNJ). Reuters writes that it would…

Benzinga

4 Medical Distributor Stocks That Deserve a Place in Your Portfolio

The rising demand for drugs and other medical products over the past few years has significantly increased the importance of healthcare distributors. Furthermore, the adoption of advanced and emerging technologies in the healthcare supply chain should help the medical distribution market grow robustly. So, we think the shares of fundamentally…

StockNews.com

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Benzinga

San Francisco To Start Opioid Epidemic Trial Against Teva, Walgreen: Reuters

San Francisco will start a trial against Walgreens Boots Alliance Inc (NASDAQ:WBA) and three other companies accused of fueling an opioid crisis in the city. San Francisco has alleged that Walgreens, Teva Pharmaceutical Industries Ltd (NYSE:TEVA), AbbVie Inc's (NYSE:ABBV) Allergan unit, and Teva-owned Anda Inc created a "public nuisance" by flooding the city with prescription opioids and failing…

StockNews.com

5 Resilient Stocks to Buy for a Market Downturn

Yesterday, the broad market indices closed in negative territory on interest-rate-increase concerns. Goldman Sachs has predicted that the S&P might tumble to 3,600 this year if recessionary pressure persists. Non-cyclical stocks usually perform well during economic downturns. So, we believe Cardinal Health (CAH), Brookfield Infrastructure Corp. (BIPC), Smith & Nephew…

Benzinga

Hostess Brands Appoints Travis Leonard As Finance Chief

Hostess Brands Inc (NASDAQ:TWNK) has appointed Travis Leonard as the Chief Financial Officer (CFO), effective May 11, 2022. Leonard will succeed interim CFO Mike Gernigin, who will remain with the company as Chief Accounting Officer. Leonard joins Hostess Brands with more than 25 years of global financial executive experience at companies including Cardinal Health Inc (NYSE:CAH).…

StockNews.com

5 Wildly Undervalued Large-Cap Stocks to Buy Now

Amid current market volatility that is being fueled by investors' anticipation of aggressive interest rate increases this year, rising inflation, economic sanctions on Russia in response to Russia’s invasion of Ukraine, and surging oil prices, investors are seeking investment opportunities in undervalued large-cap companies to generate relatively stable returns. Thus,…

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Benzinga

Drug Distributors, JNJ Agree To Settle $26B Opioid Lawsuits

Distributors McKesson Corporation (NYSE: MCK), AmerisourceBergen Corp (NYSE: ABC), Cardinal Health Inc (NYSE: CAH

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