Three more updates you need to know: McKesson Corp., Newmont Corp. and Alliant Energy Corp.

Article Excerpt

MCKESSON CORP. $156 is a buy for aggressive investors. The company (New York symbol MCK; Aggressive Growth Portfolio, Consumer sector; Shares o/s: 191.8 million; Market cap: $29.9 billion; Price-to-sales ratio: 0.1; Dividend yield 1.1%; TSINetwork Rating: Above Average; www.mckesson.com) is the largest wholesale drug distributor in the U.S. and Canada. It also operates drugstores in Europe and North America. On March 10, 2020, McKesson completed a plan to hand its investors shares in its joint venture Change Healthcare Inc. (Nasdaq symbol CHNG). That firm makes software to help hospitals, clinics and doctors manage their billing activities. Participating shareholders received 11.4086 shares of Change Healthcare for each share they tendered. Investors will only pay capital gains taxes when they sell their new shares. The spinoff was part of the company’s plan to simplify its operations and boost its long-term profitability. COVID-19 is also increasing its drug volumes and prices. McKesson now expects its earnings for the fiscal year ending March 31, 2021, will range from $13.95 to…

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