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Apple, Walgreens, and McKesson Among Monday’s Market-Shaking Stocks

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The markets have bounced back after opening in the red this morning, due to concerns that a Brexit might lead to potential chaos in the financial sector. The Dow Jones, S&P, and crude futures are all in the green, while the Nasdaq is only modestly lower. Among the stocks trending today are Walgreens Boots Alliance Inc (NASDAQ:WBA), Williams-Sonoma, Inc. (NYSE:WSM), McKesson Corporation (NYSE:MCK), Apple Inc. (NASDAQ:AAPL), and UnitedHealth Group Inc (NYSE:UNH). Let’s find out how and why traders are buying and selling these equities today and check in on what the world’s greatest investors think of each stock.

Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see the details here).

Ellica / Shutterstock.com

Ellica / Shutterstock.com

Walgreens Breaks Up With Theranos

Theranos suffered another set-back after Walgreens Boots Alliance Inc (NASDAQ:WBA) terminated its relationship with the embattled blood-testing startup. Walgreens will close all 40 Theranos wellness centers in Arizona and the startup’s testing services will no longer be available at any Walgreens stores. The company decided to terminate the relationship after Theranos voided a number of test results and the Centers for Medicare and Medicaid Services rejected Theranos’ plan of correction. Walgreens Boots Alliance Inc (NASDAQ:WBA) shares are 0.25% in the green and were in the portfolios of 72 investment firms in our system at the end of March.

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Bullish Write Up of Williams-Sonoma

According to a column published on June 11, writers at Barron’s are pretty bullish on Williams-Sonoma, Inc. (NYSE:WSM), whose shares are flat in morning trade. In the article, writer Avi Salzman notes that over half of Williams-Sonoma’s sales are generated online, making it more “Amazon-proof” than more traditional brick-and-mortar stores. Due to its larger internet operations, Mr. Salzman believes that the sell-off in Williams-Sonoma shares is unwarranted and that the retailer’s stock could soar by 25% or more in a year’s time. Cliff Asness‘ AQR Capital Management was a big shareholder of Williams-Sonoma, Inc. (NYSE:WSM) at the end of the first quarter.

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On the next page we examine the latest activity concerning McKesson Corporation, Apple, and UnitedHealth Group.

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