Amazon limits Plan B pill purchases as demand surges

Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s US Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of three units per week on emergency contraceptive pills, Amazon confirmed to CNBC. A review of … Read more

Companies forced to weigh in on privacy, health care

Pro-choice activists are seen outside the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginning for corporate America. By overturning the abortion precedent Friday, the U.S. Supreme Court set off a series of … Read more

Apple, Dow, Amazon, CVS, Roblox, Netflix

Here are Friday’s biggest calls on Wall Street: Goldman Sachs upgrades Utz to buy from neutral Goldman said investors should buy the dip in shares of the snacks company. “We upgrade Utz to Buy, as we see an above average top and bottom line growth outlook given the company’s strong position in the attractive salty … Read more

Loop Capital says it’s time to buy CVS Health, UnitedHealth and other blue chip insurance stocks

Blue chip health-care stocks look like a smart bet in this turbulent market environment, according to Loop Capital Markets. Analyst Joseph France initiated coverage of four health-care stocks with a buy rating on Thursday: CVS Health, UnitedHealth, Humana and Anthem. Health care is often seen as a defensive sector for investors, and all four of … Read more

Walmart raises wages of pharmacy workers in tight labor market

A pharmacy technician fills a prescription inside a Walmart store in Trevose, Pa. Mike Mergen | Bloomberg | Getty Images Walmart said on Thursday it would increase the average pay of pharmacy workers to more than $ 20 per hour and offer more frequent and automatic pay raises as part of a new “progressive wage … Read more

Gap, Apple, Tesla, Netflix, Citi, CVS, Ulta

Here are Friday’s biggest calls on Wall Street: Jefferies upgrades Ulta to buy from hold Jefferies said it’s turning more constructive on shares of Ulta. “We are reframing our thesis, upgrading to Buy with an ‘all clear’ signal re: make-up recovery, favorable channel shift, share gains, leverage on tighter costs & inventory, embedding freight cost … Read more

Morgan Stanley strategist who called sell-off sees it getting worse, recommends these stocks to weather bear

Morgan Stanley’s Mike Wilson sees further pain ahead in the market, so he recommended certain cheap stocks with upside to weather the downturn. “While we maintain our bearish outlook, it’s no longer out of consensus. However, given the risks to growth are just emerging, it’s too early to get bullish. Biggest areas of risk remain … Read more

CVS Health (CVS) Q1 2022 earnings

A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnings and raised its guidance for the year, as it saw demand for prescriptions and more, while demand for Covid vaccines and testing declined. The … Read more

Uber, Lyft, Airbnb, Starbucks and more

Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft – Shares of Lyft tumbled about 32% after the ride-hailing company issued disappointing guidance for the second quarter and said it would increase spending to attract … Read more

5 things to know before the stock market opens Wednesday, May 4

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise ahead of Fed rate decision, after weaker ADP data Traders on the floor of the NYSE, May 3, 2022. Source: NYSE US stock futures pointed to a higher open Wednesday ahead of … Read more