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

Barron’s Likes McKesson Corporation 

Although McKesson Corporation (NYSE:MCK) isn’t the beneficiary of a Barron’s bounce today either, with its stock off by 0.46%, writers at the esteemed financial magazine think McKesson shares have 15% upside. The writers note that the sell-off in the drug wholesaler’s stock has caused its forward P/E ratio to trade for 15% below that of the S&P 500 index, when the company has traditionally kept pace with the index in terms of that metric. They also note that McKesson Corporation (NYSE:MCK) is targeting $300 million in cost cuts and savings and that management is buying back shares and making smart acquisitions. Of the 766 funds in our database, 66 owned McKesson holdings at the end of the first quarter, up by three from the close of the previous quarter.

Apple Trending on Developer Conference

Apple Inc. (NASDAQ:AAPL)‘s annual WWDC conference is kicking off today and traders are anticipating that the conference will focus on Siri and whether Apple will allow outside developers to build applications on top of the smart personal assistant. Analysts are also expecting Apple to revamp some of its software offerings, including updating Apple Music. With iPhone sales declining due to over-saturation and weakening economic conditions, Apple needs more innovation in its software to grow its profits again. Apple Inc. (NASDAQ:AAPL) is down by 1% in morning trading and was in the portfolios of 152 of the funds in our database at the end of March.

UnitedHealth Tries to Facilitate More Kidney Donations

UnitedHealth Group Inc (NYSE:UNH) said over the weekend that it will pay up to $5,000 for travel and lodging expenses for people who are donating kidneys to its customers, beginning in 2017. Kidneys are in short supply relative to demand, and kidney donations will help UnitedHealth save money in the long run. A typical kidney transplant costs $150,000 and dialysis for a person in need of a kidney transplant costs $260,000 per year. UnitedHealth Group Inc (NYSE:UNH) shares are slightly in the red this morning. 50 funds that we track owned shares of UnitedHealth as of the most recent 13F reporting period.

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