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"When all men think alike, no one thinks very much." -- Walter Lippmann
 

In The News

- Wall St higher on global growth hopes
- BP Outlines Plan to Speed Up Oil Containment
- JetBlue Shares Up On Hopes Will Benefit From Spirit Air Strike
- US Stocks Rise As Eurozone Data Lifts Global Growth Hopes
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Corporate Highlights

- Weinsteins Said to Eye Sweetened Bid for Miramax
- Mosaic in Talks to Buy Mexico’s Fertinal, Report Says
- VMware Said to Be in Talks to Acquire EngineYard
- SocGen Poised to Buy French Lender for $1.1 Billion
- In Deal-Making, Flat Is the New Up
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Pair Trade of the Day

Long CVS, Short SPY
CVS Caremark Corporation today announced that its Board of Directors has approved a new share repurchase program for up to $2.0 billion of its outstanding common stock. The share repurchase authorization, which is effective immediately and expires at the end of 2011, permits the Company to effect the repurchases from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions, and /or derivative transactions.

Dave Denton, EVP and CFO of CVS Caremark, stated, "We're very pleased with the Board's approval of this new share repurchase program and beleive it reflects well-placed confidence in the future growth of CVS Caremark's business and an ongoing commitment to increase shareholder value. We're very focused on the efficient allocation of capital and we will continue to invest in internal projects that meet our return hurdles and use the rest of our remaining free cash flow to increase shareholder value." Click to view this pair.
 
 
About the Pair Tool
Our proprietary Pair Tool allows users to automatically compare fundamental data while displaying graphically historical trading relationships between any two US publicly traded securities a member selects.
 

Our Focus List

Our focus list contains companies with significant pending catalysts. Click the company name for additional information.

- CERP (Cereplast, Inc.)
- OGR.CN (Oro Gold Resources Ltd.)
- ACFN (Acorn Energy, Inc.)
- JUHL (Juhl Wind, Inc.)
- DBLE (Double Eagle Petroleum Co.)
- KXLAF.PK (Kodiak Exploration Ltd.)
 

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